EOS Wellness Real Estate Miami LLC bought the 19,700-square-foot retail building on the 0.6-acre site at 1771 West Avenue, according to a source for $28.5 million, representing growing institutional interest in Miami’s wellness real estate sector, which is part of a $584 billion global market that grew 18% in 2024.
EOS Wellness Real Estate Miami LLC emerged from obscurity in June 2025 with a major commercial real estate purchase in one of Miami’s most desirable neighborhoods. The Delaware-registered entity’s all-cash acquisition signals broader trends reshaping how investors view wellness-focused properties in South Florida’s competitive market.
This transaction provides insight into Miami’s wellness real estate boom and what it means for property investors, developers, and wellness-focused businesses seeking opportunities in the region.
What Is EOS Wellness Real Estate Miami LLC?
It’s unclear who the investor or firm is behind EOS Wellness Real Estate Miami. The entity is registered in Delaware and purchased the site all cash, meaning no mortgage was recorded. The company’s secretive structure follows typical patterns for institutional investors and high-net-worth individuals targeting premium real estate markets.
Delaware registration offers significant advantages for real estate investment entities. The state provides privacy protection, favorable tax treatment, and flexible corporate governance structures that appeal to sophisticated investors. Many commercial real estate funds and private equity firms choose Delaware incorporation for these benefits.
The company’s name directly references wellness real estate, suggesting a focused investment strategy targeting health and fitness-oriented properties. This aligns with growing investor recognition that wellness amenities command premium rents and sales prices in today’s market.
Key takeaways:
- Delaware-registered LLC provides privacy and tax advantages
- All-cash purchase indicates substantial financial backing
- Wellness-focused name suggests specialized investment strategy
The $28.5 Million Sunset Harbour Transaction Details
The Office Depot site in Miami Beach’s Sunset Harbour traded for $28.5 million, with EOS Wellness Real Estate Miami LLC acquiring the retail building at 1771 West Avenue. The property spans 19,700 square feet on a 0.6-acre site, providing significant development potential in one of Miami Beach’s fastest-growing neighborhoods.
Records show the seller is The George Jay II Limited Partnership. Paul Snitkin of Anderson Carr represented the seller, while Aaron Butler of Avenue Real Estate Partners and Jordan Karp represented the buyer. The transaction closed without financing, demonstrating the buyer’s strong financial position.
The purchase price translates to approximately $1,447 per square foot for the existing retail space, reflecting Sunset Harbour’s premium market positioning. The large lot size offers potential for redevelopment or expansion, making it attractive for wellness-focused commercial uses.
Key takeaways:
- $28.5M all-cash purchase demonstrates serious institutional interest
- 0.6-acre lot provides expansion opportunities
- Prime Sunset Harbour location commands premium pricing
Miami’s Wellness Real Estate Market Explosion
Miami leads the nation in wellness real estate development, driven by year-round climate, affluent demographics, and growing health consciousness. The global wellness real estate market reached $584 billion in 2024 and is forecast to double to $1.1 trillion by 2029, with Miami capturing significant investment flows.
The US accounts for a staggering 41% of the wellness real estate market, and Miami ranks among the top metropolitan areas for wellness property development. The city’s international profile attracts investors seeking exposure to wellness trends while benefiting from Florida’s tax advantages.
Recent data shows wellness properties commanding substantial premiums over traditional real estate. Properties with meditation rooms sell for 1.7% more than similar properties, while those with saltwater pools command a 2.1% premium. These premiums reflect growing consumer willingness to pay for health-focused amenities.
The market attracts diverse property types beyond residential. Commercial wellness spaces, fitness facilities, spa-focused retail, and mixed-use developments with wellness components all see strong investor interest.
Key takeaways:
- Global wellness real estate market set to reach $1.1 trillion by 2029
- Miami captures a significant share of US wellness property investment
- Wellness amenities command 1.7-10% premiums over traditional properties
Investment Landscape and Market Dynamics
A significant portion of sales in Miami are cash transactions (37.1% in July 2025), well above the national average. This cash-heavy market creates competitive advantages for well-capitalized investors like EOS Wellness Real Estate Miami LLC.
Miami’s luxury market shows particular strength despite broader market challenges. In the second quarter, luxury condo prices climbed to $1,027 per square foot, up 3.1 percent from $996 in the second quarter of 2024. This appreciation reflects sustained demand for premium properties with wellness amenities.
The investment appeal extends beyond local buyers. Between January and July, there were 28 single-family home sales over $3,000 per square foot, up 115 percent from a year earlier, demonstrating ultra-luxury market strength.
Current market conditions favor sophisticated investors. The 30-year FRM rate will end 2025 between 6.0 to 6.5 percent, according to forecasts, making cash purchases increasingly attractive compared to financed acquisitions.
Key takeaways:
- 37.1% cash transaction rate creates competitive advantages for cash buyers
- Luxury market outperforms broader Miami real estate trends
- High interest rates favor all-cash investment strategies
Sunset Harbour: Miami’s Wellness Real Estate Hub
Sunset Harbour, a neighborhood in South Beach fronting Biscayne Bay, has experienced some redevelopment in recent years. The area transformed from light industrial uses into a mixed-use district featuring upscale dining, boutique retail, and wellness-focused businesses.
The neighborhood’s waterfront location and proximity to downtown Miami make it ideal for wellness-oriented development. Multiple yoga studios, fitness centers, and health-focused restaurants already operate in the area, creating a natural ecosystem for wellness businesses.
Recent developments showcase the area’s evolution toward a health and wellness focus. Much of this started with former Miami Beach Mayor Philip Levine and developer Scott Robins’ renovation and facelift of a roughly seven-building retail portfolio in Sunset Harbour that they sold for $68.8 million in 2018.
The area benefits from excellent transportation access and walkability, supporting the active lifestyles that wellness-focused residents and businesses prefer. Marina facilities provide water sports access, while the Bay waterfront offers jogging and cycling paths.
Key takeaways:
- Transformed from an industrial to a wellness-focused mixed-use district
- Existing wellness business ecosystem supports new development
- Waterfront location ideal for active lifestyle amenities
Future Outlook and Market Implications
The EOS Wellness Real Estate Miami LLC purchase signals institutional recognition of wellness real estate as a distinct investment category. Wellness real estate now represents about 3.3% of global annual construction output, with significant growth potential remaining.
From 2023 to 2024, the market grew 18%–and it’s forecast to double over the next five years. This growth trajectory attracts institutional capital seeking exposure to demographic trends favoring health and wellness spending.
Miami’s market fundamentals support continued wellness real estate development. The city’s population growth, international appeal, and favorable business climate create sustainable demand for health-focused properties.
Technology integration will likely drive future development trends. Smart home wellness features, advanced air filtration systems, and health monitoring capabilities are becoming standard in luxury wellness properties.
Key takeaways:
- Wellness real estate is becoming recognized institutional investment category
- 18% annual growth attracts institutional capital
- Technology integration is driving future development standards
FAQ
What is EOS Wellness Real Estate Miami LLC?
EOS Wellness Real Estate Miami LLC is a Delaware-registered investment entity that purchased a $28.5 million commercial property in Miami Beach’s Sunset Harbour neighborhood in June 2025.
Why did EOS Wellness pay $28.5 million for the Sunset Harbour property?
The all-cash purchase reflects Miami’s premium wellness real estate market, where properties in desirable locations command high prices due to development potential and market positioning.
What makes Sunset Harbour attractive for wellness real estate investment?
Sunset Harbour offers a waterfront location, existing wellness infrastructure, and proximity to Miami Beach’s luxury amenities, making it ideal for health-focused business and residential development.
How much premium do wellness properties command in Miami?
Wellness properties typically sell for 1.7% to 10% more than comparable traditional properties, depending on specific amenities like meditation rooms, saltwater pools, and biophilic design elements.
What is the future outlook for Miami wellness real estate?
The global wellness real estate market is projected to reach $1.1 trillion by 2029, with Miami positioned to capture significant investment flows due to favorable demographics and market conditions.
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