The luxury housing market in South Florida continues to surge as a top executive migrating from Chicago has purchased a home in AKAI Estates in Southwest Ranches for a record $15 million. The home is set to break ground in late October and was conceptually designed by internationally acclaimed Vasco Vieira, in partnership with local architect of record Jiro Yates. Previously, the highest sold property in Southwest Ranches was for $11.5 million at 15990 Griffin Road.

With the nation experiencing a major housing shortage, South Florida remains the hottest market in real estate, in part due to the opportunity it presents to obtain a premium property with land, such as the one at AKAI Estates. This sale solidifies the type of quality estate buyers are looking for in this current market which is why South Florida will continue to see these sales throughout neighborhoods like Southwest Ranches, which continue to attract noteworthy individuals migrating to South Florida for the better climate, tax incentives, and more.

“We are thrilled to continue to see the out-of-state, and local, buyer interest in AKAI Estates,” said Alex Yokana, Developer of AKAI Estates. “South Florida and specifically Southwest Ranches have been top of mind for many high net worth individuals and families when considering where to base themselves and this property sets itself apart from the limited inventory available.”

The model selected by the buyer will feature six bedrooms and eight and a half bathrooms within three floors of open space. The 15,983 square foot estate beautifully merges indoor and outdoor living spaces. For entertainment, the pre-construction estate will include a 4,491 square foot swimming pool with a customized two bedroom guest house, a spa and full size basketball court. The estate’s upscale kitchen boasts appliances by Miele.

AKAI Estates will feature 16 estates and is being developed by Alex Yokana, Jairo Vela, and Amos and Michael Sochaczevski. Bento Queiroz Team under Compass is the exclusive sales team for the development. The Alex and Joe Team from compass represented the buyer.

“When looking for a new estate, AKAI Estates was the perfect location that provided my family and I with the seclusion and level of luxury we were looking for," said the AKAI Estates buyer. "We initially thought Miami Beach would be our choice, but Southwest Ranches and AKAI Estates delivered on everything we were seeking, including allowing me to work directly with design consultants and world-renowned architects to bring my architecturally impactful property to life."

Southwest Ranches is popular with celebrities, athletes and business executives because it offers convenient access to Miami and Fort Lauderdale with plenty of privacy and rarity which is exactly what AKAI Estates, the luxury single-family community in Southwest Ranches, is offering. As part of a prestigious suburban landscape, the 44-acre community offers five distinct spectacular models, each delivered on two acres of private property which makes AKAI Estates even more unique.