Uber-Rich Continue Spending as Surf Club Four Seasons Racks Up $74M in Sales This Month Alone

While South Florida’s broader real estate market has slowed considerably this summer, the ultra-luxury segment continues to operate in a different stratosphere. Case in point: this month alone, three condos at The Surf Club Four Seasons in Surfside sold for a staggering combined total of $74,300,000, underscoring how the world’s wealthiest continue to target Miami’s most prestigious addresses—even in the midst of seasonal market doldrums.

The biggest of the three transactions was a record-setting purchase in the South Tower of The Surf Club Four Seasons. On July 25, Daniel Nadler, a billionaire artificial intelligence entrepreneur and founder of the medical AI company OpenEvidence, paid $38,200,000 in cash for Penthouse S-PH2, according to The Wall Street Journal. The five-bedroom, 8.5-bathroom residence spans 5,675 interior square feet and sold for an eye-popping $6,731 per square foot. This marks Nadler’s first known real estate purchase in South Florida. Per WSJ, OpenEvidence is currently valued at $3.5 billion, making Nadler one of the newest billionaire buyers to invest in Miami’s high-end property market.

Also closing on July 25 was Unit S-1003, another South Tower residence, which traded for $18,350,000, or $4,333 per square foot. The 4-bedroom, 5.5-bathroom unit spans 4,235 interior square feet and was represented by Compass’s Miltiadis Kastanis on the listing side and Bryan Halda of Gray & Associates for the buyer. The identity of the buyer has not been publicly disclosed.

Earlier in the month, on July 14, Unit N-719 in the North Tower sold for $17,750,000, or $5,267 per square foot. This 3-bedroom, 3-bath, 2 half-bath condo spans 3,370 interior square feet. The buyer in that transaction has also not yet been disclosed in public records.

These blockbuster deals highlight a persistent trend in the Miami real estate market: while activity in the mid-range and even general luxury sectors has cooled, the ultra-luxury market remains on fire, fueled by global billionaires, low inventory, and a continued flight to quality in legacy-branded properties.

Developed by Fort Partners and operated by Four Seasons Hotels and Resorts, The Surf Club Four Seasons has become a magnet for the ultra-wealthy, blending historic charm with contemporary beachfront luxury. The development’s consistent demand—and ability to command record-breaking price-per-square-foot figures—is a testament to Miami’s growing status as a global destination for elite real estate investment.