Resi roundup: Real estate, beverage and concrete moguls buy and sell South Florida homes
Residential sales stretched from Coral Gables to Jupiter in the latest roundup of South Florida luxury deals.
Prices ranged from $10.2 million to $14 million, with buyers and sellers hailing from real estate, concrete and beverage industries.
Coral Gables
In Coral Gables, Suzanna and Jose “Pepe” Cancio sold a waterfront house for $10.2 million in the gated Cocoplum neighborhood.
Records show the Cancios’ Lerida Investments LLC sold the house at 152 Paloma Drive to an entity named for the address. The true buyer is unknown. Lissette Garcia of One Sotheby’s International Realty had the listing, and Lourdes Alatriste of Douglas Elliman brought the buyer.
The Cancios own C&C Concrete Pumping, a concrete firm active in Florida and Texas. They bought the Coral Gables home for $6 million in 2022, records show. The couple renovated the 5,800-square-foot, five-bedroom, five-bathroom house last year. It spans 0.3 acres and 100 feet of waterfront and has a pool.
They listed it for $12 million in October, Redfin shows.
Fort Lauderdale
Boston real estate mogul Joseph Fallon sold a waterfront house in Fort Lauderdale for $10.3 million.
Records show he and Susan Fallon sold the home at 505 Idlewyld Drive to Brent and Carol Johnson. The sale included an adjacent 0.2-acre vacant lot at 2628 Alamanda Court, according to property records.
Fallon founded the Fallon Company, a Boston-based commercial real estate development firm with projects in Boston, Raleigh and Charlotte.
He bought the Idlewyld Drive property for $2.1 million in 2012, records show. The couple tore down the existing house and built a 4,900-square-foot house in 2021, according to property records. It has six bedrooms, seven bathrooms, one half-bathroom, a pool and a dock, the listing shows.
The Fallons listed it for $14 million in October, Redfin shows.
Boca Raton
In Boca Raton’s gated Royal Palm Yacht & Country Club community, spec developer Jeffrey Norman sold off part of a waterfront teardown property he bought for $23.5 million in October.
Records show Norman sold about a quarter-acre at 2408 East Maya Palm Drive to the Bush Lake Trust, with Timothy Miller as trustee, for $13.5 million.
Norman is a luxury spec developer in Boca Raton. He bought the 0.8-acre property from the estate of the late Patti Carpenter. She was a widow of DuPont heir William K. Carpenter, whose brother Robert Ruliph Morgan Carpenter Jr. was the longtime owner of the Philadelphia Phillies.
At the time of the purchase, Norman said he planned to split the lots and build two homes. The estate has been demolished.
Jupiter
The family of real estate developer Leonard Korman sold the late mogul’s house in Jupiter’s gated Admirals Cove community for $14 million.
Records show Korman’s family sold the home at 380 Regatta Drive to Deborah H. Everhart. Everhart is a member of the Harrison family that owns Coca-Cola Bottling Co. Consolidated, the largest independently owned bottler of Coca-Cola products in the U.S. Her brother is the company’s longtime CEO, J. Frank Harrison, III.
Thomas Frankel of Admirals Cove Realty Co had the listing, and William Kirk of Compass brought the buyer.
Korman was a scion of the Korman family, a Philadelphia real estate dynasty that started its business in the early 20th century, the website of Korman Ventures shows. Leonard Korman died in 2023, according to published reports.
He bought his Admirals Cove house for $755,000 in 1993. Built on 0.6 acres in 1999, the 6,400-square-foot house has four bedrooms, five bathrooms, one half-bathroom and a pool, according to property records. It spans 180 feet of the Intracoastal Waterway, the listing shows.
Korman’s estate listed the house for $19 million in September, according to Redfin.
