Ex-Formula 1 Star Eddie Irvine Lists $38M Waterfront Masterpiece on Biscayne Island

Miami’s luxury real estate market just got another head-turner—this time courtesy of a former Formula 1 icon. Eddie Irvine, the celebrated Ferrari driver turned spec home developer, has officially listed his newest residential creation: a striking modern estate on Biscayne Island, priced at $38 million.

Set at 1061 N Venetian Drive, the nearly 7,000-square-foot residence was completed in 2022 and brings a sleek, contemporary vision to life. Designed by acclaimed architect Max Strang, the six-bedroom, six-and-a-half-bathroom mansion is perched on a 100-foot waterfront lot with sweeping views of Biscayne Bay and the glittering Edgewater skyline. Every inch of the property exudes sophistication, from the rooftop lounge to the infinity-edge pool and private dock.

The interiors are equally luxurious. A private theater, covered outdoor cabana, and expansive primary suite with a secluded terrace add to the estate’s appeal. Crafted for both comfort and entertainment, the home seamlessly blends indoor and outdoor living in true Miami fashion.

Irvine originally acquired the lot for $5.1 million in 2020 and transformed it into a statement of architectural excellence. For those not ready to buy, the property is also available to lease for $160,000 per month—a rare opportunity to experience high-end island living without the long-term commitment.

Since stepping away from motorsports in 2002, Irvine has carved a niche in luxury real estate, developing multimillion-dollar homes across Miami’s most desirable neighborhoods. His previous project, Casa Ischia on Hibiscus Island, was famously vacationed in by Drake and Jay-Z before selling for $27.75 million. At one point, it held the title of the priciest new listing in the U.S., with an asking price north of $70 million.