Record Breaking Waterfront Mansion Sold in Coconut Grove for $106.9 Million

Adrienne Arsht, a local philanthropist, set a Miami-Dade County record when she sold her waterfront property in Coconut Grove for $106.9 million.

The sale of the home represents a 29% decrease from the property’s initial $150 million asking price and this sale marks the first residential sale to exceed the $100 million threshold.

The 2 two-story homes sit on 3031 and 3115 Brickell Avenue and are frequently referred to as South Florida’s “embassy,” due to the many U.S. and international officials frequenting the home.

There are a total of 12 bedrooms and 13 and a half bathrooms in the 25,000-square-foot home. The 4-acre property has 400 feet of water frontage, is close to Vizcaya Museum & Gardens, and overlooks Biscayne Bay. The main house, known as Indian Spring, was built by Arsht in 1999.

It has a dining room that seats more than 20 people, a six-car garage with an office and apartment upstairs, a pool, and a tennis court. Indian Spring was designed by Jose Gelabert-Navia, a former dean of the University of Miami School of Architecture. Villa Serena, the other house, was constructed in 1913.

The property was developed by William Jennings Bryan, a former U.S. Secretary of State and a 3x presidential candidate. Arsht restored the waterfront mansion and it is now registered in the National Register of Historic Places.

According to records, she purchased the property in two transactions, paying $4 million for the land on which the contemporary house was built in 1996 and then $12 million for the ancient home in 2007.

Arsht, a native of Delaware, made a name for herself in Miami’s financial world and as an arts patron. She gave the Adrienne Arsht Center for the Performing Arts a $30 million gift, earning it the moniker Adrienne Arsht Center for the Performing Arts in Miami’s Arts & Entertainment District. She has also served as TotalBank’s chair in the past.

The transaction surpasses the previous high in Miami-Dade, which was set this summer by the $93 million purchase of three homes in Golden Beach by the founder of the technology business InterSystems. Ragon intends to demolish the buildings and build a new house in their stead.

Jeff Bezos’ Parents Buy Waterfront Mansion in Miami

The parents of Jeff Bezos invested $34 million in a waterfront Coral Gables mansion with over 12,000 square feet. Records show that the estate was purchased by Jackie and Mike Bezos, the parents of Amazon’s founder, last week.

Through a Delaware-based limited liability company called Forgotten Fountain, the couple bought the property located at 9475 Journeys End Road in Coral Gables.

The sellers of the estate were the former CEO of PetMD, Raul Calvoz, and his wife Raquel Cordon. According to property records, the couple paid $8.5 million for the home in 2018.

According to the description, the house has undergone a complete renovation and now features six bedrooms and seven bathrooms with floor-to-ceiling windows and French doors throughout. The property sits on more than 2 acres and has 200 feet of water frontage.

In addition, the offering lists a chef’s kitchen with double ovens, views of the pool and ocean beyond, a quartz wet bar, a rock climbing wall, a gym, a wine cellar, and other luxury amenities. The residence also features 2 terraces over two floors.

A pool, a lounge area, an outdoor kitchen, and a dining area with a built-in grill are all located outside. The mansion is perfect for car enthusiasts with a 9-car garage as well as a backup generator.

With a net worth of around $144 billion, Jeff Bezos is currently the second-richest person in the world. The internet giant spent $165 million purchasing a Los Angeles property that was originally owned by music billionaire David Geffen, making it one of the biggest purchases of 2020.

Records also show that Bezos’ parents also purchased an adjacent property to the Coral Gables home for almost $40 million in an off-market deal.

Tech Giant Sells Miami Beach Mansion for $26 Million

David Centner, a successful inventor, and technology entrepreneur recently sold his waterfront mansion in Miami Beach for $26 million. Centner is known for his development of the Highway Toll Administration, Erase.com, and now he and his wife head a private school located in Wynwood.

The home located at 5465 Pine Tree Drive is sited on 21,156 square feet with 125 linear feet of water frontage along the Intracoastal Waterway canal. The mansion was built to resemble an Italian Mediterranean home with a majority of the finishes hand-made in Italy, right down to the teal roof tiles.

The home features 10 bedrooms, 14 bathrooms, 12-foot ceilings, marble floors, and hand-crafted solid wood cabinets imported from Milan. In addition, the home showcases a spacious home gym, theater room, 3 car garage, and a 2 bedroom/2 bathroom guesthouse.

The dine-in kitchen has seating for 28 and the outdoor is equally impressive with a 2,000 square foot pool, balcony, and an expansive dock.

The Centners built this home as a spec home through Inspirata Group which happens to be the buyers for the home as well (Nicholas and Susan Maounis, owners of the Inspirata Group).

At $26 million, the price equated to $2,364 per square foot.

Not only has Centner made headway in the tech world, but the family also runs Centner Development which is currently working on multiple real projects in Miami. The Centners currently own 2 condos in Miami and Miami Beach.

The Centners have recently sold a few of their properties including a Miami Beach mansion to Russell Weiner, the Rockstar Energy Drink Founder.

Estate Featured on Miami Vice Sells for $13.9 Million

Andian Group, a Miami-based development firm led by Andres Isaias and Alejandro Diaz Bazan recently purchased a Miami Beach waterfront home for $13.9 million. What a deal for the estate that was originally on Miami Vice.

The property is located at 1415 North View Drive on Sunset Islands. The property itself features 7,748 square feet sitting on 0.6 acres. With 6 bedrooms and 8 bathrooms, the contemporary design showcases custom walls, marble flooring, and soaring wood-beamed ceilings.

Skylights and large windows center on the incredible outside views. The home also features a custom bar in the main living area, a gourmet eat-in kitchen with top-of-the-line appliances. Carrara marble unfolds throughout the bathrooms making the home a luxurious retreat.

The exterior of the home feature an in-ground pool with a fountain, 97 feet of water frontage, and the ability to place a long boat dock.

The home was originally built in 1983 and was utilized from 1984 to 1990 for the filming of the original Miami Vice.

The property records state that the seller is Lions Global Venture out of Miami. Lions Global purchased the home in 2013 for $7.6 million.

The Andian duo plans to renovate and sell the home for profit. They have been very active in Miami Beach and have recently sold a home on the Venetian Islands for $15.1 million.

Elite Supermodel Adriana Lima Sells Waterfront Indian Creek Mansion for $40 Million

Former Victoria Secret supermodel, Adriana Lima sold her oceanfront Indian Creek Island mansion for $40 million.

Lima purchased the estate located at 22 Indian Creek Road in 2009 for $9 million and then remodeled the home completely in 2020. The home was originally built in 1958 and features 6,465 square feet of living space.

The old listing photos show the all brick ranch situated on 1.84 acres bayfront. The photos also show a traditional floor plan with wood-paneled walls and the original kitchen. The expansive patio overlooks a large dock and gorgeous ocean views.

The 6,465 square-foot mansion was built in 1958 and might be demolished. According to public records, Lima had the home’s interior remodeled in 2020. Although it was remodeled by Lima, the new buyers may demolish the property.

According to public documents, the trust associated with Lima, a Brazilian model, and former Victoria’s Secret Angel, paid $9 million for the four-bedroom, four-bathroom mansion in 2009.

According to the data, both the buyer and the vendor attempted to conceal their identities. Gordon Weiss, the proprietor of the CPA company Weiss & Weiss, manages the sale. Melep International Ltd, a British Virgin Islands company, is named as the buyer. The buyer’s genuine identity is unclear.

Indian Creek Island is a barrier island located in Biscayne Bay and has always attracted the super-wealthy dubbing its name “Billionaire Bunker.” On 294 acres of Island, 41 estates are nestled on the exclusive island surrounding a golf course and country club.

The island is heavily guarded, employing its own professional police force with an armed patrol boat, jeep, and jet-ski, operating 24 hours a day. Record-breaking home sales are commonplace on Indian Creek Island, where extravagance and utmost privilege are the standards.

Madonna’s Former Miami Waterfront Mansion Sells for $29 Million

Madonna’s former home located in Miami was recently traded for $29 million while Queen of Pop originally sold the home in 2000 for $7.5 million.

Sited on 1.14 acres, the waterfront estate is located at 3029 Brickell Avenue just south of the Brickell neighborhood. With just over 8,400 square feet of living space, the mansion features 9 bedrooms and 8.5 bathrooms.

The property was built in 1928 and over the years it has been renovated and expanded for each owner’s needs. With the sub-tropical and Mediterranean style, the home showcases gorgeous stone archways throughout.

With art deco finishes and a traditional floor plan, the estate flows gracefully from one room to the next. The chef’s kitchen features high-end stainless steel appliances, European white cabinetry, and quartz counters.

The Mediterranean style continues outside with Italian stone pathways, fountains, and a gorgeous in-ground pool. Entertaining is made easy with the expansive covered and uncovered patio that overlooks Biscayne Bay and a dock with a boat lift.

This property is just 1 of 6 mansions on Biscayne Bay that reside on Brickell Avenue. The sale price of the home equates to $3,452 per square foot.

The sellers for the mansion are listed under a trust incorporated in the Bahamas with the President of the trust as Miami Beach attorney Monica Tirado. The buyers are listed as Paul Morelli who is the trustee of the Brickell Holdings Trust in care of Cenna Lanier who resides in Chicago.

Another Former Miami Heat Player Sells Miami Mansion

We have been seeing a lot of Miami Heat basketball players, as well as former players, sell their Miami homes. Now we can add former center, Meyers Leonard to the list with his recent sale of a Bay Point waterfront home for $10.89 million.

Leonard and his wife, Elle purchase the home in February of this year for $7.78 million. The property is located at 741 Buttonwood Lane features 6,819 square feet of living space sited on 0.43 acres on an interior lot in a canal with direct access to Biscayne Bay.

The modern waterfront with vine-covered loggias surrounding the exterior showcases 7 bedrooms with 8.5 bathrooms. The estate was built in 1996 and was renovated in 2018 to feature high ceilings, Italian cabinetry by Italkraft, oak hardwood floor throughout, and stainless steel appliances. Outdoors, you will find a 2 car garage, entertainment area with custom seating, and a heated pool/spa. The new owners will also enjoy the aluminum deck with a boat lift.

Eduardo Marquez and his wife Gabriela are listed as the buyers for this property. Marquez is the President of Lucky Player Vodka (located in Miami). The mortgage for the buyers was provided by Citibank for $6 million.

Meyers Leonard, originally from Virginia, played high school basketball for 2 years then was drafted into the NBA in 2012. He was a first-round draft pick but 11th overall. He was traded from the Portland Trail Blazers to the Miami Heat in 2020 where he assisted the Heat to reach the NBA Finals for that year. In 2021, he re-signed another contract with Miami but ended up injuring his shoulder in January 2021.

In a recent Instagram post, Leonard stated on his future of the NBA, “I’m simply not healthy enough to play.” He also stated that he is looking forward to 2022 and what is in store for his career and family.

Miami Heat Player PJ Tucker Rents $22,000 Waterfront Home in Coral Gables

Anthony Leon “P. J.” Tucker Jr., NBA Star Forward for the Miami Heat recently rented a waterfront property located in Coral Gables.

The rental located at 25 Arvida Parkway, was last listed for $22,000 monthly. The waterfront home is located in the gated community of Gables Estates that sides to Biscayne Bay.

The property was built in 1968 and sits on 0.68 acres with 100 feet of Biscayne Bay water frontage. The open concept mid-century home features 7,343 square feet of living space with 5 bedrooms and 4.5 bathrooms. Marble floors span throughout opening to floor-to-ceiling windows.

What makes this home so spectacular is the 2 grand living rooms, a formal dining room, and the spacious chef’s kitchen. The home also features a 3 car garage, a deck, pool, dock with a boat lift. The seawall has also been recently replaced. According to the listing, there is an application fee of $35,000 as well as acceptance by the community club.

The estimated worth of the home is listed at $30 million.

Tucker began playing ball in college for the Texas Longhorns. Some major accomplishments include his 2008 Israeli Basketball Premier League MVP and his Israeli Super League. This year, Tucker also won an NBA Championship with the Milwaukee Bucks.

Other notables that reside in the community include rapper and songwriter, Pharrell, healthcare billionaire, Mike Fernandez, and another Miami Heat Player, Alonzo Mourning.

Sell of Star Island Waterfront Mansion Sets New Miami Record

Star Island has seen many record sales in the past year but a new sale has just topped them all. A mansion on Miami Beach’s Star Island sold for $75 million, setting a new record for any single-family home in Miami-Dade.

The 16,619-square-foot mansion located at 8 Star Island Drive was sold by Dr. Lourdes R. Sanjenis, an internist in Miami. In 2013, Sanjenis inherited the home from Modesto M. Mora, who originally built the home in 1993.

Sitting on 1.84 acres, the home features 9 bedrooms, 8 full bathrooms, and 3 half bathroom. The mansion showcases over 20,000 square feet of luxury. Throughout the home, touches of Mediterranean and Caribbean architecture is evident.

Amenities include a beautiful pool overlooking the gorgeous manicured yard and an expansive dock with Port of Miami and Miami skyline views. The property also features an elevator and a commercial generator.

Star Island is a man-made island located in Miami Beach along Biscayne Bay. Made up of just a few dozen homes, Star Island is one of the most coveted and exclusive island in South Florida. Star Island is within close proximity to Hibiscus Island, the Venetian Islands, and Palm Island. Each waterfront lot offers at least 40,000 square feet of unobstructed water views and frontage.

Star Island can be accessed through one bridge with a guard house entrance. A large number of celebrities live or have owned on Star Island. Some notable include Gloria Estefan, P. Diddy, Lea Black from the Real Housewives of Miami, and Jennifer Lopez.

The buyer for the Star Island mansion record sale has yet to be disclosed.

A-Rod Flips a Bay Point Miami Waterfront Property for a Profit

Alex Rodriguez is at again! In another recent investment move in Miami, A-Rod and associates recently sold a waterfront home as a flip for $6.3 million. The property is located in the Bay Point neighborhood of Miami.

Rodriguez and his partners purchased the property in March 2021 for $5.5 million without doing any renovations or redevelopments for the property. This isn’t the first time A-Rod has made headway in Miami. In October 2021, A-Rod has invested in the Grand Station apartment tower as well as the South Beach Hotel in August 2021.

This current waterfront property located at 4425 Island Road in the heart of the Design District was originally built in 1962 along a lagoon leading to Biscayne Bay. The home features 3,107 square feet of living space sited on over 15,000 square feet of water frontage.

The property features a traditional floor plan with tall ceilings and an abundance of natural light. The kitchen showcases an expansive island with white cabinets, granite countertops, and stainless steel appliances.

The property features an in-ground pool, bbq area, and lush landscaping. The current listing states that the property is good for a new build or the renovate the existing home. The buyers for this property plan on redeveloping it for their needs.

Over the past year, prices for Bay Point have increased especially with waterfront homes. Although these prices are much lower for the surrounding areas, A-Rob and his associates made a profit on this investment.