NewsThe Real Deal MiamiMay 29, 2026Miami-Dade County
Wynwood Property Sells for $14.5 Million
A Turkish investment group purchased a commercial property in Miami for $14.5 million. This sale price is significantly lower than the $18.75 million the previous owner paid for the site in 2022.
Read the full story at The Real Deal MiamiWhy It Matters
This transaction highlights a notable decrease in property value for a major development site in a high-demand Miami neighborhood.
Key Facts
- The property is located at 85 Northeast 27th Street and spans 0.76 acres.
- The sale price represents a 23 percent loss compared to the 2022 purchase price.
- The site includes a 23,150-square-foot office building.