Hallandale Beach Vacant Lot Sells for $2.69 Million

In a recent transaction in Hallandale Beach, Florida, a vacant lot located at 319 Holiday Drive changed hands for a total sale price of $2.69 million. The deal, which took place on June 15, 2023, marks a significant milestone in the local real estate market.

The seller of the property was Philip Solomon, a prominent figure in the Miami real estate scene. Solomon, known for his expertise in luxury properties, listed the vacant lot for sale. The lot spans an impressive 12,750 square feet and is classified as a single-family residential (SFR) property.

The sale price of 2.69 million reflects a price per square foot (PPSF) of 211. This indicates a premium value for the property, considering the desirable location in Hallandale Beach and the potential for development.

Scott Patterson, a seasoned real estate broker affiliated with Berkshire Hathaway HomeServices, represented both the buyer and the seller in this transaction. Patterson, who is well-known for his expertise in the South Florida market, played a crucial role in facilitating the deal.

The buyer of the vacant lot remains undisclosed, but the transaction highlights the continued interest in Hallandale Beach as a prime location for real estate investment. The city, known for its beautiful beaches and vibrant community, has attracted attention from both local and international buyers.

The property’s location on Holiday Drive places it in the prestigious Golden Isles neighborhood, known for its luxury homes and waterfront properties. The vacant lot presents a unique opportunity for the buyer to develop a custom single-family residence or explore other possibilities for the prime real estate.

The sale of this vacant lot in Hallandale Beach adds to the growing trend of high-value real estate transactions in the area. The demand for luxury properties and development opportunities remains strong, and investors continue to seek out opportunities in this thriving market.

Overall, the sale of the 12,750-square-foot vacant lot for $2.69 million showcases the attractiveness of Hallandale Beach as a real estate investment destination. With its prime location, potential for development, and the expertise of brokers like Scott Patterson, the city continues to be a hotspot for buyers looking to make their mark in the South Florida market.