Modern Living

What Modern Living does

Modern Living Real Estate LLC, operating as Modern Living Group, is a boutique residential real estate brokerage headquartered at 480 Hibiscus St Suite 110 in West Palm Beach, Florida. Founded in 2008 by Patrick and Marcia Lafferty, the firm represents luxury residential buyers and sellers across 277 communities in Palm Beach County, with coverage spanning Downtown West Palm Beach, Palm Beach, Boca Raton, Jupiter, Delray Beach, Singer Island, and Palm Beach Gardens. The brokerage reports $450M+ in closed transaction volume in 2025, a $1.05M median sale price over 12 months, and 22,000+ active listings accessed through its website.

The company's core technical product is a property search platform built on BeachesMLS data, providing real-time listing access for both consumers and the brokerage's agents across Palm Beach County. The firm operates as a d/b/a under Compass — the largest U.S. residential real estate platform — combining boutique agent specialization (luxury condo, waterfront, downtown, Martin County) with Compass's national marketing resources and buyer network. Modern Living generates revenue through traditional buyer-side and seller-side real estate commissions on closed transactions, plus rental commissions, at industry-standard rates that are not publicly disclosed. The team comprises four named licensed agents — Patrick Lafferty (Founding Agent), Jonathan Santiago (Luxury Specialist, $150M+ in personal closed transactions), Mariah Gonzales (Luxury Specialist), and Emily Sullivan (Martin County Specialist) — supported by additional staff. Distribution occurs through direct agent relationships, the website, BeachesMLS exposure, Instagram, and Compass referral channels. The business is privately held, founder-owned, and has no external institutional capital or disclosed funding rounds.

Name

Modern Living

Legal name

Modern Living Real Estate LLC

Website

https://modernlivingre.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Modern Living Group is a boutique Palm Beach County real estate brokerage affiliated with Compass, representing luxury residential buyers and sellers across 277 South Florida communities. Four specialized agents deliver transaction-based commission services supported by an MLS-integrated property search platform, reporting $450M+ in 2025 closings.

Ownership category

akta.pro rank

Product category

Residential Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (531210), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Luxury & High-End Residential Brokerage (BPAJAAAC)

akta.pro secondary industry

Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)

Keywords

• Luxury real estate brokerage
• Residential property sales
• Buyer representation services
• Seller listing services
• Palm Beach County homes

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Buyer's Agent Commissions: Traditional real estate buyer representation services, earning commission on completed purchase transactions.
2. Seller's Agent Commissions: Traditional real estate listing and seller representation services, earning commission on completed sale transactions.
3. Rental Commissions: Rental property representation services, earning commissions on completed lease transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Modern Living Group is a boutique South Florida real estate brokerage that provides buyer and seller representation services for luxury residential properties across Palm Beach County. The brokerage operates through licensed agents supported by an MLS-integrated website offering real-time property search across 277 communities and 22,000+ active listings, earning transaction-based commissions on completed sales and leases.

Product overview

Modern Living Group is a boutique real estate brokerage affiliated with Compass, operating as a team-based platform offering residential sales and rental services across Palm Beach County, Florida. The core product is the Modern Living Group brand and agent services, supported by an online listing platform that provides access to 277 communities and 22,000+ active listings sourced through BeachesMLS. Agent services include buyer representation, seller representation, and market analytics, all delivered through the company's website and Compass's technology infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Buyer Representation Services Licensed real estate agent services for buyers including property search, market analysis, negotiation, and transaction coordination across Palm Beach County. Targeted at individual buyers seeking primary residences, vacation homes, or investment properties in luxury and waterfront markets.
• Seller Representation Services Real estate listing and marketing services for property sellers, including strategic pricing, property promotion, professional photography, and closing coordination. Aimed at owners of luxury condos, waterfront homes, and historic properties across Palm Beach County.
• Real Estate Listing Platform

Quantifiable outcome

• Largest condo sale in West Palm Beach in 2021: $16.5M at The Bristol Palm Beach
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• CompasscoreChannel Partner/ Reseller/ DistributorModern Living Group is a real estate team affiliated with Compass, operating as a d/b/a of Modern Living Real Estate LLC. Compass is a licensed real estate broker and provides the platform and branding under which MLG operates. This affiliation provides access to national marketing resources while MLG maintains its boutique team structure.
• BeachesMLScoreChannel Partner/ Reseller/ DistributorBeachesMLS, Inc. provides the Multiple Listing Service data that powers Modern Living Group's website and agent operations. All listings featuring the BeachesMLS logo are provided by BeachesMLS, Inc. Listing information is deemed reliable but not guaranteed.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Illustrated Properties: Established Palm Beach County and Treasure Coast residential brokerage with strong regional market share. Comparable GTM motion but typically serves a slightly lower price band than Modern Living's luxury focus.

Broad incumbents

• Compass: National residential real estate platform and the parent affiliate under which Modern Living operates as a d/b/a team. Same luxury-leaning tech-enabled brokerage model, though Compass operates at vastly larger scale across the US.
• Sotheby's International Realty: Global luxury residential brand with affiliate network including ONE Sotheby's. Comparable luxury positioning and trophy-property capability, though operating at much larger global scale.
• Coldwell Banker Realty: One of the largest US residential brokerages with significant Palm Beach County presence. Overlapping service offerings across luxury and mainstream segments; not as boutique-specialized as Modern Living.
• Berkshire Hathaway HomeServices Florida Realty: Large Florida-based residential brokerage with national brand backing and Palm Beach County coverage. Competes in the same geography with broader (less luxury-focused) positioning.

Direct peers

• Premier Estate Properties: Boutique luxury brokerage specializing in ultra-high-end South Florida waterfront and estate properties. Closely comparable in niche focus, though typically operating at higher price points than Modern Living's downtown condo core.
• Brown Harris Stevens: Luxury residential brokerage with strong Palm Beach presence and historic homes expertise. Directly competes for high-end listings and buyers in the same Palm Beach County submarkets.
• Douglas Elliman: Major residential brokerage with strong South Florida luxury presence, particularly in Palm Beach, Boca Raton, and Miami. Directly competes for the same high-net-worth buyer and seller pool that Modern Living targets.
• The Corcoran Group: Luxury-focused residential brokerage with a deep footprint in Palm Beach and South Florida. Competes directly for luxury condo and waterfront listings, including trophy transactions in downtown West Palm Beach towers.
• ONE Sotheby's International Realty: Florida-focused luxury affiliate of Sotheby's International Realty with strong South Florida market share. Targets the same luxury buyer in Palm Beach County, Boca Raton, and Jupiter.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Instagraminstagram.com/modernlivingre
• Facebookfacebook.com/ModernLivingRE
• LinkedInlinkedin.com/company/modern-living-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modern Living