Dwyane Wade and Gabrielle Union Sell their Miami Beach Waterfront Mansion for $22 Million

What a crazy week for luxury real estate! Another mansion just sold in Miami Beach by none other than retired Miami Heat basketball player, Dwyane Wade and wife, Gabrielle Union.

Wade and Union first purchased the home located at 5980 North Bay Road in Miami Beach in 2010 for $10.6 million. The couple originally listed the home for $32.5 million in 2019 and lowered the price in December 2020 to $20.6 million. The home has been under contract with the same buyer since January of this year and just closed on June 1, 2021.

Sitting on 13,800 square feet of living, the 6-bedroom, 9 full bathrooms, and 2 half bathrooms is infused with Spanish architecture mixed with contemporary designs throughout. The chef’s kitchen features neutral tones and quartz countertops with Sub-zero and Wolfe appliances. The home also boasts an impressive master suite, wine cellar, and a large theater.

The home sits on professionally manicured 1 acre parcel with an expansive pool overlooking Biscayne Bay, boat dock, outdoor kitchen, guest house, outdoor basketball court, and playground.

The buyer for this property has not been disclosed. Wade and Union are currently residing in Los Angeles where they purchased a Hidden Hills Mansion for $18 million in 2020.

Dwyane Wade retired from his 16-year Miami Heat basketball career in 2019. Wade holds the Miami titles for all-time leader in points, games, assists, steals, shots made, and shots taken. He is also a minority owner of the Utah Jazz.

Gabriel Union is an American actress, activist, and voice actor. She has stared in movie roles on Bad Boys II, Bring It On, and She’s All That. Time Magazine included Union in the 100 Most Influential People in the World of 2020 magazine edition.

MLB Hall of Famer Mike Piazza Sells Miami Beach Mansion for $15 Million

If you need anymore convincing of how hot the Miami real estate market is, another luxury mansion just sold! It gets better because the seller is Major League Baseball Hall of Famer Mike Piazza.

Piazza is known for his time with the New York Mets and Los Angeles Dodgers. He did have brief stints with the Florida Marlins, San Diego Padres, and Oakland Athletics. Mike Piazza is regarded as one of the best offensive catchers in MLB history.

Piazza listed the Miami Beach mansion in December 2017 at $18.5 million. The property located at 1401 West 27th Street, Miami Beach was recently relisted for $14.7 million with a sold price of $15 million. This 8 bedroom, 9.5 bathroom mansion features 9,438 square feet of custom finishes including Jerusalem stone floors and an Italian-inspired kitchen. A private pool, dock, and boat lift elevates the remarkable 100 feet water frontage lot.

The buyers for this incredible residence is none other than the Major Food Group’s co-founder Jeffrey Zalaznick and wife. The couple has been renting the property since October 2020.

According to tax records, Piazza paid $10 million for the home in 2008. But don’t worry, they are not leaving Miami any time soon. They still own a unit at the Ritz-Carlton Residences Miami Beach that they purchased in 2019 for $5.6 million.

In Only 2 Weeks, Over 80 Percent of the Units at E11EVEN Hotel & Residences Have Been Reserved

With E11EVEN Hotel & Residences, developers Property Markets Group and E11EVEN Partners were looking to make a splash…and a splash they made…a BIG splash! In only two weeks since their whisper (not-so-whisper) campaign began, they’ve been able to get reservations for over 80 percent of the building’s 400 total units. (I guess a good secret is hard to keep!)

And at an average price of $1,000 per square foot, getting over 80 percent reserved in a mere two weeks is no small feat! That puts it up there with the likes of Park West neighbor One Thousand Museum. But unlike One Thousand Museum, E11EVEN Hotel & Residences won’t have that front row vantage along Biscayne Boulevard, so what gives?

Well, for one, the units at E11EVEN Hotel & Residences are considered micro-units. Those always sell at a higher price per square foot than regular-sized condo residences.

Second, the units at E11EVEN Hotel & Residences come fully furnished and finished, including integrated audio, video, and lighting systems; an LED fireplace in every living room; fully built-out closets in the master bedroom; and a signature Home Essentials Package with silverware, glassware, linens, sheets, and towels.

Third, the residences at E11EVEN Hotel & Residences are considered condo-hotel units. These types of units provide owners with a lot of flexibility; owners will be able to use their units when they want or they’ll be able to place them in the building’s condo-hotel program to earn revenue when they’re not.

Fourth, E11EVEN Hotel & Residences is located in Miami’s 24-hour Entertainment District. For those who don’t know, Miami’s Entertainment District is made up of only two city blocks. In other words, E11EVEN Hotel & Residences will be the only hotel in Miami where the party never stops! If you’re looking for that Vegas-strip-style fun, E11EVEN Hotel & Residences will be the only game in town; it will be the place to be and be seen, complete with A-list celebrities at every turn.

Last but not least, the Miami real estate market is on fire. The developers of E11EVEN Hotel & Residences are proving that there’s no better time to launch a project in Miami than right now. After all, it seems every week that a new article gets published by a major news outlet describing just how hot the real estate market in Miami is these days (case in point example 1, example 2, example 3, example 4, and example 5).

The level of interest that E11EVEN Hotel & Residences has garnered has taken even the developers by surprise. As such, due to the faster than expected absorption rate, the developers have decided to move up the timeline of construction. The original plan was to go to contract in April or May and then begin construction towards the end of this year. The new plan, however, in an effort to convert reservations to contract and get this baby built, is to go to contract in just 2-3 weeks and then begin construction by early fall. As they say, get it while it’s hot!

Introducing the Villas at The Ritz-Carlton Residences Miami Beach

Have you ever wished you could have the best of both worlds: a private and independent abode coupled with world-class amenities and service? If so, you’re in luck…the developer of The Ritz-Carlton Residences Miami Beach recently released a collection of 15 stand-alone villas comprised of 8 waterfront villas with private boat dockages and 7 landside villas surrounded by lush, tropical landscaping. Each two-story residence, designed by Master Italian Architect Piero Lissoni and executive architect Ralph Choeff, includes an air-conditioned two-car garage, a private pool, and a fenced private yard. In all, the villas have five different types of floor plans: A, B, C, D, E, and F (towards the bottom of this post, you will find a rendering of each different type along with pricing info).

Villa Features

• Custom two-story residence designed by the late Piero Lissoni
• Waterfront villas with private dockages
• Air-conditioned two-car garage
• Private pool
• Variable refrigerant flow HVAC system
• Laundry room with Electrolux front-loading washer and dryer
• Lualdi solid-core oversized doors
• Expansive hurricane-resistant windows and doors
• Fenced private yard

Kitchens Custom-Designed by Piero Lissoni

• Boffi kitchen designed by Piero Lissoni
• Gaggenau built-in fully integrated side-by-side refrigerator and freezer
• Gaggenau gas cooktop
• Gaggenau microwave oven
• Gaggenau stainless steel wall oven
• Gaggenau wine cooler
• Gaggenau coffee maker
• Gaggenau full-sized fully integrated dishwasher
• Elica range hood
• Expansive stone countertops
• Fantini plumbing fixtures

Master Bathrooms Designed by Piero Lissoni

• Soaking tub
• Fantini plumbing fixtures
• Oversized glass-enclosed rain shower
• Stone floors and walls

Villa A

• Asking: $5,975,000
• Beds/Baths: 4-Bed/4.5-Bath
• Interior: 4,295 square feet
• Garage: 466 square feet
• Balcony/Decks: 1,627 square feet
• Total Living: 6,388 square feet
• Lot Size: 9,733 square feet

Villa B

• Asking: $6,950,000
• Beds/Baths: 4-Bed/5.5-Bath/Family Room
• Interior: 4,294 square feet
• Garage: 527 square feet
• Balcony/Decks: 1,578 square feet
• Total Living: 6,399 square feet
• Lot Size: 8,733 square feet

Villa C

• Asking: $7,500,000
• Beds/Baths: 4-Bed/4.5-Bath/Family Room
• Interior: 4,643 square feet
• Garage: 511 square feet
• Balcony/Decks: 2,048 square feet
• Total Living: 7,202 square feet
• Lot Size: 9,743 square feet

Villa D

• Asking: $4,375,000 to $4,700,000
• Beds/Baths: 3-Bed/3.5-Bath
• Interior: 3,306 square feet
• Garage: 486 square feet
• Balcony/Decks: 1,257 to 1,303 square feet
• Total Living: 5,049 to 5,095 square feet
• Lot Size: 7,499 to 7,505 square feet

Villa E

• Asking: $4,990,000
• Beds/Baths: 3-Bed/3.5-Bath/Family Room
• Interior: 3,263 square feet
• Garage: 571 square feet
• Balcony/Decks: 1,455 square feet
• Total Living: 5,289 square feet
• Lot Size: 9,933 square feet

The villas are currently under construction with completion slated for 2022. The waterfront villas are expected to be delivered from May to August 2022 while the landside villas are expected to be delivered from August to October 2022. If you or someone you know have an interest in purchasing one of the villas at The Ritz-Carlton Residences Miami Beach, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.

The Rooftop Penthouse at 57 Ocean – Asking $38M

The difficult thing about selling pre-construction real estate is that it’s difficult for most buyers to envision what the property will look like once it’s completed. Well, thanks to advancements in computer technology, that may no longer be a concern. Multiplan Real Estate Asset Management, the developer of 57 Ocean in Miami Beach, recently unveiled a 90-second CG rendered video of its crown-jewel penthouse. The video, which took 1,100 hours to make, was produced by award-winning creative agency DBOX at a cost of $180,000. It showcases the five-bedroom penthouse in all of its splendor. The penthouse features 7,800 square feet of living space, a remarkable 7,100 square feet of terrace including a rooftop pool, 360-degree views, a den, and six full bathrooms.

57 Ocean, an ultra-luxury, oceanfront condominium building located in Miami Beach’s “Millionaire’s Row”, is slated to be completed later this year.

Just Sold – Penthouse 12 at The Ritz-Carlton Residences Miami Beach – Sold for $15M

Lucas Lechuga of the Miami Condo Investments Team at Luxe Living Realty is proud to announce the sale of Penthouse 12 at The Ritz-Carlton Residences Miami Beach. At $15,000,000 and $2,369 per square foot, the sale is (1) a record-breaking sale for the building, (2) the highest-priced sale for a bayfront condo on Miami Beach since 2013, and (3) the highest-priced sale on a per square foot basis for a bayfront condo on Miami Beach since 2012. With an astounding 8,600 square feet of OUTDOOR space (including a 40-foot-long rooftop pool and whirlpool spa), 13.5-foot-high ceilings, and some of the best views in Miami Beach, Penthouse 12 is truly a one-of-a-kind property.

The Ritz-Carlton Residences Miami Beach Penthouse 12 Residence Features

• Bedrooms: 4
• Bathrooms: 5.5
• Ceiling Height: 13.5 feet high
• Living Area Sq Ft: 6,332
• Terrace Sq Ft: 8,578
• Rooftop pool deck with 40-foot-long pool and whirlpool spa
• Hot tub
• Private elevator foyer
• Boffi-designed kitchen by Piero Lissoni
• Gaggenau kitchen appliances
• Zucchetti plumbing fixtures
• Boffi-designed bathrooms by Piero Lissoni
• Jetted soaking tub in the master bathroom
• Private, air-conditioned parking garage
• Boat slip

The Ritz-Carlton Residences Miami Beach Amenities

• Legendary 5-star Ritz-Carlton services
• Half-acre rooftop pool deck
• Private captained day yacht
• House car
• Beach concierge services for beach club access
• Two 24-hour attended lobbies
• 24-hour valet parking service
• Waterfront social room with bar, catering kitchen and
• state-of-the-art entertainment system
• Expansive infinity-edge pool with waterfall
• Spacious private poolside cabanas
• Poolside grille restaurant
• Private BBQ/dining area
• Meditation garden
• Clubroom with bar, virtual golf, and pool table
• Cinema-style screening room
• On-site spa with Steam room, sauna, and treatment suite
• Whirlpool Spa
• State-of-the-art fitness center
• Indoor & outdoor yoga studios
• Boardroom/Library
• Art studio
• Kids room
• Sharing room
• Carwash facilities
• Dog walk
• Pet grooming room

The Liaigre-Designed 3-Bedroom Condo at The Ritz-Carlton Residences Miami Beach – Asking $5.61M

Some properties sell themselves. LPH-20 at The Ritz-Carlton Residences Miami Beach is one such property. The Liaigre-designed, 3-bedroom condo is an absolute jaw-dropper. From the moment you walk into the residence, you’re welcomed to sweeping views of Biscayne Bay and the Downtown Miami skyline. The great thing about The Ritz-Carlton Residences Miami Beach is that it is surrounded by single-family homes, so the views from it are completely unobstructed from higher floors. Current zoning laws in that neighborhood prohibit structures from being built as high as The Ritz-Carlton Residences Miami Beach, but the developer, Lionheart Capital, developed the property from an existing 1,000,000-square-foot hospital that had been grandfathered in. Had the developer demolished the hospital and started anew, the new structure would have been required to abide by current zoning regulations. The end result…a condominium development boasting some of the most amazing, 360-degree views of the bay, city, and ocean.

Lower Penthouse 20 at The Ritz-Carlton Residences Miami Beach is a sprawling 3-bedroom residence with 3.5 bathrooms, a family room, 3,431 interior square feet, and 420 square feet of terrace space (see LPH-20 floor plan). It features a Piero Lissoni-designed Boffi kitchen with Gaggenau appliances, stone countertops, and a gas cooktop as well as a Piero Lissoni-designed master bathroom with stone floors and walls, a jetted soaking tub, Zucchetti fixtures, an over-sized glass-enclosed shower with a rainfall showerhead, and His and Hers vanities. And those unfamiliar with Liaigre furnishings, they’re nothing short of spectacular. Founder, Christian Liaigre, an iconic French interior and furniture designer who passed away this past September, is renowned for his minimalist design and emblematic use of wood and leather.

As mentioned in a previous post, I truly feel that The Ritz-Carlton Residences Miami Beach is Miami Beach’s best-kept secret. The 7.5-acre site houses some of the best amenities and services that can be found in a South Florida residential development. But don’t take my word for it. I urge you to check it out for yourself. If you or anyone you know has an interest in touring LPH-20 and/or other options at The Ritz-Carlton Residences Miami Beach, contact me (Lucas Lechuga) at [email protected]. I may also be contacted by phone at 786-247-6332.

The Ritz-Carlton Residences Miami Beach – Miami Beach’s Best-kept Secret

After visiting The Ritz-Carlton Residences Miami Beach several times over the past ten months, I can honestly say that I’m absolutely in love with the building and property. In fact, coupled with the iconic service one comes to expect from The Ritz-Carlton brand, The Ritz-Carlton Residences Miami Beach sells itself! The floor plans are very spacious and well-thought-out, the finishes (which were designed by the late Piero Lissoni) are refined and sumptuous, and the views are truly breathtaking. But perhaps the best thing about The Ritz-Carlton Residences Miami Beach is its location; it is centrally located in Miami Beach at 4701 North Meridian Avenue. Its location allows residents of the building to be close to the action but not right smack in the middle of it. Over the years, living in the heart of Miami Beach (in South Beach on Ocean Drive or Collins Avenue) has lost its appeal; it is no longer the tranquil place to live it once was. On the other hand, living at the Ritz-Carlton Residences Miami Beach is as serene as living in a waterfront house on North Bay Road.

Some of you may be thinking, “That’s great and all, but I wouldn’t want to live in a building that has a hotel component to it”. Well, that’s the beauty of The Ritz-Carlton Residences Miami Beach; it is only 1 of 12 standalone Ritz-Carlton properties in the world without a hotel component. Residents of The Ritz-Carlton Residences Miami Beach enjoy the same Ritz-Carlton service enjoyed by guests of its hotels around the world but without sacrificing any peace or privacy.

Despite being a boutique residential development with only 110 condominium residences and 15 two-story villas, The Ritz-Carlton Residences Miami Beach offers a laundry list of amenities one would expect from a development three times its size, including a private captained day yacht; a house chef; a house car; beach club memberships at Nobu Eden Roc Resort; a pet grooming room; a private theater; a rooftop pool deck with an infinity-edge pool, poolside cabanas, and poolside grille; an on-site spa with steam rooms, sauna, and treatment suite; an art studio; a kids room; and more. Below, you’ll find a full list of the amenities and services provided by The Ritz-Carlton Residences Miami Beach:

Ritz Carlton Residences Mia… by Lucas Lechuga

With prices ranging from $1.8M to $14M, The Ritz-Carlton Residences Miami Beach offers 1, 2, 3, 4, and 5-bedroom residences ranging in size from 1,969 to 5,936 interior square feet.

I’ve included below a full photo tour of the amenities and common area spaces at The Ritz-Carlton Residences Miami Beach. As beautiful as the property looks in the photos, I promise that you’d be even more blown away when seeing it in person. If you or anyone you know has an interest in touring The Ritz-Carlton Residences Miami Beach, please contact me (Lucas Lechuga) at [email protected]. I may also be contacted by phone at 786-247-6332.

Fisher Island Penthouse Formerly Owned by Oprah Winfrey Breaks Price Per Square Foot Record

The Miami luxury real estate market is on fire and, with season recently kicking off, it’s bound to get hotter. To gets things cooking, the last day of November saw a record-breaking sale on the ultra-exclusive Fisher Island where a trophy penthouse formerly owned by Oprah Winfrey sold for $20,000,000, or $3,242 per square foot. On a price per square foot basis, the sale broke the previous record set in 2016 by PH3 at Palazzo Del Sol.

Winfrey’s former residence, PH7292 at Oceanside, has 4 bedrooms, 4.5 bathrooms, a powder room, 6,170 interior square feet, and wraparound terraces offering 360-degree views of the water and city skylines. Additionally, the property, which was professionally curated by award-winning interior designer Chahan Minassian, features a large master suite with His and Hers en-suite bathrooms and dressing rooms, 20-foot-high arched ceilings, an oversized kitchen with a wood-burning over, hand-plastered walls, and elegant yet relaxed weathered linen furnishings. The ultra-luxe condominium building is situated along the eastern end of Fisher Island offering sweeping views of the Atlantic Ocean.

The seller of Oceanside PH7292 was represented by real estate broker extraordinaire Dora Puig who was recently ranked by Real Trends (published by the Wall Street Journal) #1 in Miami-Dade County, #4 in Florida, and #9 in the United States. Puig, the principal broker and founder of Luxe Living Realty, a premier luxury boutique brokerage located in South Beach, has achieved over $3 billion in sales in her 30-plus-year career.

According to Puig, the party for Miami real estate is just getting started. “In my opinion,” said Puig, “we’re only starting the third set of the Wimbledon Grand Slam of what will be known as an unprecedented real estate boom for South Florida”. With Northeasterners relocating there in droves, historically-low interest rates, and no state income tax; I must say, I have to agree with her.