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.
The highest quality orthopedic care available in Palm Beach County now has a new home in Boca Raton, according to Anthony Miniaci, M.D., deputy chief medical executive of Baptist Health Orthopedic Care.
At the new Toby and Leon Cooperman Medical Arts Pavilion at Boca Raton Regional Hospital, part of Baptist Health, a full spectrum of healthcare needs are available to area residents, with specialized clinics dedicated to orthopedics, urology, and colorectal care.
(Watch now: The highest quality orthopedic care in Palm Beach County now has a new home in Boca Raton, with the opening of Baptist Health Orthopedics in Boca Raton at the new Toby and Leon Cooperman Medical Arts Pavilion at Boca Raton Regional Hospital. Video by Eduardo Morales at SlickVid Productions.)
Dr. Miniaci, an orthopedic surgeon who specializes in sports medicine and shoulder and knee surgery, leads a team of surgeons actively involved in clinical research to improve patient outcomes worldwide. He calls the new patient-centric facility “the new hub for Baptist Health Orthopedic Care” in Palm Beach County, noting that it is just the beginning of a major expansion already underway on the campus of Boca Raton Regional Hospital.
Baptist Health Orthopedics in Boca Raton occupies one and a half floors of the Cooperman Medical Arts Pavilion, with different areas highlighting the variety of specialty care we provide, Dr. Miniaci says. Patients will find the space has been divided into different areas for orthopedic specialists, including:
• Upper Extremity (Hand, Wrist, Elbow, Shoulder)
• Total Joint Replacements, Hip and Knee Arthroplasty, Foot and Ankle Surgeries
• Sports Medicine
• Primary Care
• Orthobiologics Injection Therapies
Enhancing the patient experience
The meticulously designed facility, which spans three levels and encompasses an expansive 61,500 square feet, includes a top-floor ambulatory surgical suite with five state-of-the-art operating rooms outpatient and overnight cases alongside 16 dedicated recovery bays.
Anthony Miniaci, M.D., orthopedic surgeon and deputy chief medical executive of Baptist Health Orthopedic Care
Dr. Miniaci says the new Orthopedics Suite is designed with the patient in mind, with roomier exam rooms; robotic technology for hip and knee replacement surgery; X-ray on site, and MRIs and physical therapy just across the street.
“Do you want to see a top-notch shoulder expert? Or maybe the best foot and ankle surgeon? This location is a one-stop shop for the highest quality orthopedic care, with expert doctors in all the sub-specialties treating everyday patients as well as high school, collegiate and professional athletes,” says Dr. Miniaci, who does a lot of work with student-athletes at Lynn University.
Facilitating orthopedic research and education
Baptist Health Orthopedics in Boca Raton represents a centralized approach to the growth of Baptist Health’s orthopedic program in Palm Beach County, according to Dr. Miniaci, who says the new facility will also facilitate orthopedic research and education.
Under the direction of Dr. Miniaci and chief medical executive John Uribe, M.D., Baptist Health Orthopedic Care continues to expand its presence in South Florida and pioneer innovations in orthopedic medicine that unlock better treatment options for patients with musculoskeletal disorders.
“Our goal is to build a world-class orthopedic program in Palm Beach County to amalgamate with our programs in Miami to become one big orthopedic program,” Dr. Miniaci says. “We’ll have a second orthopedics hub closer to Bethesda West Hospital at some point, followed by expansion plans for Baptist Health Orthopedic Care across Palm Beach County.”
Dedication to providing highest quality outcomes is the number one goal at Baptist Health Orthopedics, says Dr. Miniaci. “We will be measuring and reporting all of our patient quality outcomes so people can see the difference we’re making in people’s lives here.”
Boca Raton, FL, is one of the great destinations to move to in the Gulf Coast. With its waterfront views, stellar food scene, and infinite ways to spend your days, it shouldn’t come as a shock that roughly 95,800 people live in Boca Raton.
If you’re moving to Boca Raton, expect the median home sale price to be around $589,500, and the average sale price per square foot to be $334. For renters, the average rent for a two-bedroom apartment in Boca Raton is about $3,119.
Don’t worry if those prices don’t fit in your budget – we’ve got options to help you find a home or apartment that does. We’ve collected the 10 best affordable Boca Raton suburbs to consider living in. And the best part is that they’re all less than 30 minutes away from the city center. That way you can live nearby without paying the price of living in Boca Raton.
#1: Lauderdale Lakes
Median home price: $152,500
Average sale price per square foot: $164
Average rent for a 2-bedroom apartment: $2,100
Driving distance from Boca Raton: 25 minutes
Lauderdale Lakes, FL homes for sale
Lauderdale Lakes, FL apartments for rent
With a median home sale price of $152,500, Lauderdale Lakes comes in at number one on our list of most affordable Boca Raton suburbs. About a 25-minute drive away from downtown Boca Raton, Lauderdale Lakes is home to roughly 36,000 people. If you’re considering moving to this area make sure to visit one of the many parks in the city.
#2: Lauderhill
Median home price: $172,500
Average sale price per square foot: $164
Average rent for a 2-bedroom apartment: $1,950
Driving distance from Boca Raton: 25 minutes
Lauderhill, FL homes for sale
Lauderhill, FL apartments for rent
Taking the second place on our list is Lauderhill. The same distance from Boca Raton as Lauderdale Lakes, you can visit the Gumbo Limbo Nature Center, a 20-acre coastal preserve, in just a quick drive. Make sure to visit Central Broward Park & Broward County Stadium where you can watch a cricket match or stop by the Lauderhill Historical Museum. When living in this suburb of 74,500 people, you can also spend the day checking out the charming downtown.
#3: Coconut Creek
Median home price: $276,000
Average sale price per square foot: $226
Driving distance from Boca Raton: 20 minutes
Coconut Creek, FL homes for sale
Coconut Creek, FL apartments for rent
Just 20 minutes away, you’ll find the suburb of Coconut Creek. Even with a population of about 57,800, there are plenty of unique spots to visit in Coconut Creek. If you find yourself moving to the third most affordable suburb, make sure to explore Butterfly World, check out Tradewinds Park & Stables, and golf at one of the many courses.
#4: Deerfield Beach
Median home price: $285,750
Average sale price per square foot: $246
Average rent for a 2-bedroom apartment: $1,600
Driving distance from Boca Raton: 10 minutes
Deerfield Beach, FL homes for sale
Deerfield Beach, FL apartments for rent
A little more expensive than Coconut Creek is none other than Deerfield Beach. With roughly 86,900 residents in this Boca Raton suburb, make sure to check out the island nature preserve, Deerfield Island Park, spend a sunny day at Splash Adventure Water Park, and golf at one of the courses.
#5: Tamarac
Median home price: $310,000
Average sale price per square foot: $206
Average rent for a 2-bedroom apartment: $1,850
Driving distance from Boca Raton: 30 minutes
Tamarac, FL homes for sale
Tamarac, FL apartments for rent
30 minutes away from downtown Boca Raton is Tamarac, another great suburb to consider moving to. With 71,900 people living in this affordable town, Tamarac is a great option to consider when looking to stay close to Boca Raton without paying the premium for a home or apartment in the city. In Tamarac, you can cool off at Waters Edge Park or brush up on your golfing skills.
#6: Lantana
Median home price: $322,500
Average sale price per square foot: $283
Driving distance from Boca Raton: 20 minutes
Lantana, FL homes for sale
Lantana, FL apartments for rent
Sixth on the list is another well-known Boca Raton suburb is Lantana, where the home prices are about $200K less than in Boca Raton. Lantana has about 11,500 residents and is a great suburb to consider living in. And you’ll find there are lots of activities to do in this suburb. For example, you can have a beach day at Lantana Municipal Beach, rent a jet ski, or have a picnic at Lantana Bicentennial Park, among many other local favorites.
#7: Margate
Median home price: $324,500
Average sale price per square foot: $233
Driving distance from Boca Raton: 20 minutes
Margate, FL homes for sale
Margate, FL apartments for rent
Coming in seventh place on our list of affordable Boca Raton suburbs is Margate, which is about a 20-minute drive into the heart of the city. With a population of roughly 58,700, you’ll be living in a smaller area, but there’s no shortage of things to experience in Margate. Don’t miss out on golf or spend some time at Calypso Cove Aquatic Facility once moving to the area.
#8: North Lauderdale
Median home price: $336,000
Average sale price per square foot: $271
Driving distance from Boca Raton: 25 minutes
North Lauderdale, FL homes for sale
North Lauderdale, FL apartments for rent
Living in Boca Raton, it’s likely that you’ve heard of North Lauderdale, the eighth suburb on our list. About 44,800 people reside in North Lauderdale, so you’ll have a fraction of Boca Raton’s population while remaining close to the city and its attractions. Living in North Lauderdale, be sure to check out Hampton Pines Park.
#9: Wilton Manors
Median home price: $615,500
Average sale price per square foot: $341
Driving distance from Boca Raton: 25 minutes
Wilton Manors, FL homes for sale
Wilton Manors, FL apartments for rent
Another great place to consider moving to that will get you access to downtown Boca Raton in just about 25 minutes is Wilton Manors. About 11,400 people live in this suburb, but there’s always a local business to support in Wilton Manors.
#10: Boynton Beach
Median home price: $370,000
Average sale price per square foot: $252
Driving distance from Boca Raton: 20 minutes
Boynton Beach, FL homes for sale
Boynton Beach, FL apartments for rent
Claiming the 10th spot on our list of affordable Boca Raton suburbs is Boynton Beach. If you’re lucky to avoid traffic, it’ll only take about 20 minutes to drive into Boca Raton. This suburb has a population of 80,400 and you can have a beach day, golf at one of the courses, or have a meal at one of the waterfront restaurants. You’ll find there’s always something to check out while living in this awesome suburb.
Methodology: Affordability is based on whether a suburb’s median home sale price or average sale price per square foot is less than Boca Raton and under a 30-minute drive from downtown Boca Raton. Median home sale price data from the Redfin Data Center during March 2023. Average rental data from Rent.com March 2023. Population data sourced from the United States Census Bureau.