Sold Less Than 1 Year Ago- Chris Bosh’s Previous Waterfront Mansion Lists at a 192% Increase
Retired Miami Heat player, Chris Bosh sold his waterfront mansion in January 2021 for $14.4 million. The property located in Miami Beach has now been relisted at $42 million in less than 9 months.
According to county records, the current owner of the property is AquaBlue Group, a building design company also located in Miami Beach. AquaBlue is led by Philippe Harari and mainly does business in Miami. AquaBlue currently owns 2 Palm Island properties, 1 Hibiscus Island property, 1 Venetian Islands property, and a bayfront resort-like retreat.
The Miami Beach property was originally purchased for $695,000 in 1991 and the current home that sits on the lot was developed in 2008. In 2010, Chris Bosh purchased the property for $12.3 million. Over the years, Bosh has tried to sell the property for $18 million and $15 million, later selling in January 2021 for $14.4 million.
The waterfront Miami Beach mansion located at 6396 North Bay Road features 7 bedrooms, 8 bathrooms with 11,709 square feet of living space. The lot itself sits on 0.55 acres of water frontage directly on Biscayne Bay. This modern waterfront was architecturally designed by Touzet Studio with double-height rooms.
The custom Italian kitchen features unique modern cabinets, high-end appliances, and an expansive island. The master suite features direct bay views and a wet bar. The outdoor area is a perfect entertaining space with an outdoor kitchen, cabana bathrooms, infinity pool, gym, guesthouse, and boat dock. Custom branded Italian furniture will be included in the purchase.
The market has been surging with waterfront property transactions, including those on North Bay Road. In June, Dwayne Wade and his wife’s Gabrielle Union sold their home on North Bay Road for $22 million. Phil Collins also sold his waterfront home in January for $39.2 million. Jennifer Lopez and Ben Affleck rented a waterfront estate just 2 doors down from Wade for $150,000 monthly.
Former Linebacker for the Miami Dolphins Sells Miami Beach Home for $6.25 Million
Photo Credit: Julian Cohen
Orlandus Andre Branch III is a former outside linebacker for the Miami Dolphins, who played from 2016 until his retirement in 2019. Branch recently sold his mansion for $6.25 million after purchases in 2019 for $2.8 million. What an investment!
Located just a couple blocks from Biscayne Bay in the Nautilus neighborhood at 4535 Nautilus Court in Miami Beach. The modern mansion features 6,000 square feet of professionally designed living space.
The 6 bedroom, 6.5 bathroom new construction home features European oak and marble floors throughout and high-end kitchen appliances. The home is completely finished with a steam room, media area, and tall ceilings throughout.
Photo Credit: Julian Cohen
The exterior is perfect for entertaining with an expansive backyard with lush Florida landscaping featuring an outdoor kitchen, oversized terraces, pool, and jacuzzi. The mansion is perfectly located near South Beach, Bal Harbour, and the Design District.
According to Miami-Dade tax records, the home closed on September 3rd, to buyers Bryant M. Yunker Jr. and wife Nancy. Bryant is a retired Wall Street Broker. The Yunker’s also own Sway Lounge, located in Naples, Florida.
This property is the highest-priced sale for a non-waterfront home in the Nautilus neighborhood. This record-breaking sale is just one of the many that have occurred in Miami in 2021.
In July, a waterfront mansion sold as the highest-priced home sale ever in all of Miami-Dade. Bay Harbor Islands also had a record-breaking sale of $12.75 million on a recent waterfront home, making it the highest-priced sale in all of Bay Harbor. Our very own, Lucas Lechuga, also sold one of the highest-priced condo sales for the month of August 2021 at Setai South Beach for $12.3 million.
Diddy Purchases Gloria Estefan’s Waterfront Mansion on Star Island
In July 2021, Gloria Estefan and her husband Emilio sold their Star Island home to a mysterious buyer for $35 million. At the time, we knew the buyer was listed under an LLC managed by Tri Star Sports & Entertainment Group and that Sean Combs, also known as Diddy, was a neighbor to the Estefan’s.
It has now been revealed that Diddy is actually the buyer of Gloria Estefan’s waterfront mansion on the exclusive Star Island. Diddy can now add this waterfront mansion located at 1 Star Drive to his portfolio.
The 8,000 square foot mansion sits on 1.3 acres and features a total of 6 bedrooms and 10 bathrooms spread out through the main and guest houses. The rich hardwood and marble floors flow effortlessly through the open floor plan leading to the gorgeous outdoor oasis.
The Estefans originally purchased the home for $1.84 million in 1993. Since 2015, the property has been on and off the market with an original list price of $40 million. The last list price of this property was $27.9 million in 2020.
Diddy purchased the home next door in 2003 for $14.5 million. This property features 19,545 square feet with 9 bedrooms, 12 bathrooms, a swimming pool, and a private boat dock. Diddy’s home was formerly owned by Tommy Mottola.
Is hasn’t been released yet what Diddy plans on doing with both of the properties or if he plans on combining the two but we can’t wait to see what he has in store!
Other notables that have owned or currently own on Star Island Include Alex Rodriguez, Don Johnson, Rosie O’Donnell, Xuxa, Shaquille O’Neal, Lea Black, and Phillip Frost.
Photo credit: Jill Eber with Coldwell Banker RealtyPhoto credit: Jill Eber with Coldwell Banker RealtyPhoto credit: Jill Eber with Coldwell Banker RealtyPhoto credit: Jill Eber with Coldwell Banker Realty
$12.3 Million Setai Sale Leads Miami Condo Weekly Sales
Sales for Miami-Dade once again surged this past week with the most expensive condo sale closing at Setai Miami Beach. According to the MLS, residential sales totaled $2.7 billion for all of July 2021, reaching 67 percent higher than the previous year.
Condo sales totaled a staggering $148 million compared to last week’s $131 million. The previous week’s volume rose from 208 to a total of 226. The average condo sales price also rose from $632,000 to $640,500.
The most expensive condo sale that occurred was a luxury condo at Setai, which sold for $12.3 million. After 39 days on the market, the unit sold for close to $3,391 per square foot. Our very own, Lucas Lechuga brought in the buyer for this property.
The second-highest and fewest days on the market condo sale occurred at One Thousand Museum for $5.6 million at $1,212 per square foot. This property was on the market for 1 day.
July Sales
Residential sales rose 58% in July with 3,632 closings, which consist of mostly condominium transactions. Single-family sales increased by 15% to 1,373 and condo sales increased by 104% to 2,259 sales.
The luxury market also experienced a leap in sales rising 110% for single-family homes compared to July 2020. For luxury condo sales, an increase of 323% compared to last July.
Luxury Travel Magazine Names Miami Beach One of the Best Beaches in the U.S.
According to Condé Nast Traveler, a luxury and lifestyle travel magazine, dubbed Miami Beach as one of the best beaches in the United States. Miami Beach stands next to three other beaches in Florida including; Grayton Beach State Park, Dunedin, and Sanibel Island.
The magazine stated, “The siren song of Miami’s South Beach is undeniable…beautiful people, flashy cars, Art Deco architecture: It’s all here.” Condé Nast Traveler highlights that Miami Beach is one of the popular and liveliest areas for tourists in Miami.
The magazine also states that the most touristy areas run parallel to Ocean Drive and locals tend to hang around the South of Fifth neighborhood. “But we say those famous white sands are worth bumping elbows with a few fellows,” according to Condé Nast Traveler.
About Miami Beach
It is no debate that Miami Beach does offer some of the most beautiful properties and beaches in the world. Situated on a barrier island, the coastal city is between the Atlantic Ocean and Biscayne Bay.
The Bass Museum of Art and the New World Symphony are both located in Miami Beach. Other options to visit include a cultural center called the Faena Forum. This cultural center hosts an array of events including; lectures, performances, and large-scale events. Miami Beach is also home to the largest art fair along the east coast.
Miami Beach also has some of the most luxurious condo developments in Miami. Faena House is a 47-unit ultra-luxury condominium tower located at 2901 Collins Avenue. The condos at Faena House are some of the most prized pieces of real estate in South Florida.
Ritz-Carlton Residences Miami Beach located at 4701 N. Merdian Avenue features 15 stand-alone villas comprised of 8 waterfront villas with private boat docks and 7 landside villas surrounded by lush, tropical landscaping. Each of the villas has its own private pool and an air-conditioned two-car garage. Ritz-Carlton Residences features 125 total units.
The lifestyle of Miami Beach is like no other. With its fabulous art and cultural options, luxury condominium buildings, and its vibrant nightlife, there are so many options for every visitor as well as a potential buyer.
Rockstar Energy Drink Founder Purchased Two Waterfront Properties for $35 Million
Photo Credit: BHHS EWM Realty
Founder of Rockstar Energy Drink, Russel Weiner recently purchased 2 waterfront properties in Miami Beach. Located on Pine Tree Drive, the properties were purchased for a combined $35.1 million.
The homes sold include 5011 and 5111 Pine Tree Drive. According to property records, the homes sold for $17 million and $18.1 million. The two properties were sold to a Las Vegas entity that is managed by Russel Weiner’s trust.
Weiner has made significant headway in the South Florida real estate market. In October 2020, Weiner purchased and flipped to homes in North Palm Beach for $48 million from the Swedish model, Elin Nordegren. He also purchased a mansion in 2016 for $20 million. He still owns this home.
According to Forbes, Weiner sold Rockstar Energy to Pepsi for $3.9 billion in 2020. It is estimated that Weiner is worth $4.1 billion.
The sellers, David and Leila Centner, are also the owners of the Centner Academy that is located in the Mami Design District. Earlier this year, the Centner’s received approval from the Miami Beach Design Review Board for an addition on 5011 Pine Tree Drive.
This specific property was built in 1920 by one of the city’s founding families and was designed by architect Russell Pancoast. The approval itself was for a two-story home, relocating the current residence, and relocating the boathouse.
The properties total 3.5 acres each with 150+ water frontage on Indian Creek. The property located at 5111 Pine Tree Drive features 9 bedrooms and 8 bathrooms, with over 20,000 square feet of living space. This property features ‘old world’ charm with hand-crafted hardwood floors, vaulted ceilings, and a Mediterranean design throughout.
The second property located at 5011 Pine Tree Drive is just one property over from 5111. The estate features a 3-story main house, guest house, and 560 square feet of water frontage. This property features a large dock for mega-yachts and multiple vessels. This property previously sold in 2018 for $14.5 million.
Phil Collins’ Former Miami Beach Mansion set to be Demolished
Orlando Bravo, managing partner at Chicago-based private equity, Thomas Bravo purchased Phil Collin’s waterfront mansion in January 2021 for $40 million. Since then Bravo has been working with the City of Miami Beach Design Review Board on plans to submit blueprints for a new construction home.
The existing property located at 5800 North Bay Road features 12,153 square feet of living space including 7 bedrooms, 8 full baths, and 3 half-baths. The property also features a pool overlooking the water, a koi pond, and an expansive jacuzzi.
The 200 feet of Biscayne Bay frontage makes this location ideal with a large boat dock. The home was built in 1929 and was expanded in 1986 as well as 1987. The main house was again altered in 1991 and 2006 with kitchen and bathroom updates. The property sits on 1.2 acres of unobstructed Biscayne Bay views.
Bravo plans to replace the home with a more modern-style mansion with a tropical garden surrounding it. The new residence’s main house would include 5 bedrooms, 5 bathrooms, a formal living room, a family room, a dining room, a movie room, and a wet bar. The residence’s 2 car detached garage would host the staff’s quarters, 2 separate suites as well as 2 home offices. The property will keep the current dock and pool but there will be an outdoor kitchen/barbecue area, spa, and gym.
Not only did Phil Collins own the property but Jennifer sold it in 2005 for $13.9 million. According to the Wall Street Journal, the property is being demolished due to the home having issues with flooding.
Floyd Mayweather Jr. Purchased Miami Beach Mansion for a Knockout Price
Photo Credit: Douglas Elliman
Floyd Mayweather Jr., former heavyweight boxing champion recently purchased a waterfront mansion for $18 million.
This home built in 2011 is located at 288 South Coconut Lane on the ultra-exclusive Palm Island in Miami Beach. This waterfront mansion features 3 floors of 10,853 square feet of living space all on a third of an acre. The 9 bedrooms, 10.5 bathrooms boasts 360 degrees views of the Miami skyline, bay, and the ocean.
The amenities for this gorgeous home include an outdoor movie theater, gym, dock, pool, and a 4 car garage. This waterfront home also features a private boat dock that can accommodate a 100-foot boat dock.
The home was originally listed in 2016 for $21.8 million and has since then been on and off the market with the last list price of $19.9 million. The Viyellas originally purchased the lot in 2009 for $2.7 million.
Candido Viyella, a former Morgan Stanley executive, and his wife Annabelle are listed as the sellers for this property, records show. Fojoso LLC, a Nevada-based corporation managed by Mayweather shows as the purchaser of the property.
Mayweather is not a new resident of Miami. Just last year, he sold his Pine Tree Drive home in Miami Beach for $6.3 million. He originally paid $7.7 million for the property.
Mayweather is considered one of the best boxers in the last 10 years. According to Forbes, Mayweather is also considered one of the top-earning athletes of 2019, earning around $915 million for that year.
Treasure Hunter’s Paradise: The Site Of Pablo Escobar’s Miami Beach Home Is For Sale
If you’re into hunting for treasure and have $16 million to spare, you can buy the site of Pablo Escobar’s former Miami Beach Home!
That’s right, the infamous drug kingpin was known for burying his riches in the yards of his various houses or hiding things in the walls of his estates. Two safes have already been found in the yard at 5860 North Bay Road, although they have not yet been opened and most of the 30,000 square foot lot has yet to be excavated. The lot also has 150 feet of bay frontage with Downtown Miami skyline views, so it is almost certain that unspeakable things were coming and going from the estate on the regular.
Escobar purchased the estate in 1980 for $762,500 and then lost it to a US Government seizure in 1987. After years of falling into disrepair, the CEO of Chicken Kitchen purchased the property for $9.65 million in 2014. The fast food scion is apparently a bad boy in his own right, he was named in the recent release of the Panama Papers, although maintains his innocence.
Not long after purchasing the property, the owner razed the existing structure placed the lot on the market for a whopping $21 million (which he did not get). After several price reductions and marketing re-launches, it now sits on the market for $15.9 million.
According to a recent article on Realtor.com, one of the two safes that was found during the demolition of the home was stolen. The other is still around, but will likely be opened on a televised documentary that is currently being produced. The existing safe weighs between 600 to 700 pounds.
The seller also told the reporter that he had professional treasure hunters take a look at the lot. They reported lots of subterranean “activity,” particularly under the 100 year old banyan tree, so if you would like to go farming for riches and yayo, let’s make a deal! Even if you don’t find anything, you could also build a history-making home of your own on the gorgeous lot.
Gorgeous Spec Home at 6440 North Bay Road Reduces Price to $26,950,000
After a brief hiatus, the newly constructed spec home at 6440 North Bay Road has returned to the market with a $2 million price chop, asking $26,950,000. The home has 15,519 interior square feet with 7 bedrooms and 9 baths.
The tropical-zen inspired home blends contemporary interiors with the outdoors and features sliding glass walls throughout much of the space. There is an office, gym with outdoor yoga area, a theater and a separate 2 bedroom guest wing with a private staircase and dedicated terrace and living area.
Outdoors, there is a separate cabana with retractable canvas awning surrounded by tall, mature landscaping and infinity-edge pool. The lot features 100 feet of bay frontage with a wooden dock.
The North Bay Road home was developed by Peter Fine’s To Better Days Development, that is based in New York. Have a look at the MLS photos below..
