Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of Timbercreek Townhomes and Villas, a multifamily property located in Royal Palm Beach, Florida, for $6.2 million. Announced on May 21, 2025, the transaction involved a 20-unit community featuring three-bedroom apartments, averaging 1,575 rentable square feet each. The property, uniquely positioned as the only rental building in the city with 20 to 199 units, was purchased by a California-based buyer completing a 1031 exchange. Situated at 100 Sparrow Drive, the site boasts amenities such as a gated swimming pool and private patios. Evan P. Kristol and Brandon Rex from Marcus & Millichap's Fort Lauderdale office facilitated the sale.
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