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.

Developer Sells Waterfront Estate to Cosmetic Company CEO

Pascal Nicolai, a Miami house developer, sold his waterfront Hibiscus Island spec home to a cosmetic company CEO for $2 million over asking price landing at a steep $15 million.

The waterfront estate located at 165 North Hibiscus Drive in Miami Beach features 5 bedrooms, 5.1 bathrooms all on 0.17 acres of water frontage. The MLS listing shows a rendering of the spec home with a modern finish with floor-to-ceiling windows covering the exterior.

The interior of the home showcases 4,791 square feet of living space with high-end finishes.

Tropical foliage surrounds the property creating privacy that is unmatched on Hibiscus Island. The pool overlooks the dock, Biscayne Bay, and faces the Venetian Islands.

The seller Pascal Nicolai is the owner of Nicolai’s Sabal Development and this is one of his many spec homes currently being developed in Miami. The buyer for the property is the CEO of Farmasi North America, Sinan Tuna.

Tuna’s company is not only a cosmetic company but it’s also a marketing company that was originally located in Istanbul. Farmasi plans to build a headquarters and distribution center for the company in Doral, Florida.

The property was originally listed in July 2020 for $13 million during its completion of construction. It was then taken off the market then resisted in late 2021 for $15.5 million. The property was last sold to the developer for $5.8 million in 2016.

Dora Puig, owner and broker of Luxe Living Realty represented the seller/developer of the property.

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.

Star Island Waterfront Mansion Just Listed for $90 Million

Star Island is known for its exclusivity along with its custom mega-mansions and just released yesterday is the most expensive property ever listed on the Island at $90 million. If sold for the listing price, it will also be the most expensive sale on Star Island in front of a mansion that sold last month for $75 million.

Located at 27 Star Island, this waterfront mansion is sited on 40,000 square footage of east-facing water frontage. The expansive property includes 2 separate homes. The main home showcases 23,737 square feet of living space and was designed by Starchitect SAOTA and was constructed by Coastal.

This property features 6 bedrooms with 12 bathrooms. The most unique amenities of this home include the gym located on the water with a sauna and steam room, cold plunge, massage room, and hair salon. Soundproofing and chef’s kitchen with high-end appliances really makes this place spectacular.

For the wine connoisseur, you can enjoy the 1,400 bottle wine room that overlooks the exquisite kitchen. Enjoy views of the wraparound pool and cabana from the rooftop lounge. There is also a new boat dock and lift.

The second home is located at the front of the lot and enhabits the 20’s era with the 1924 Degarmo home that has been completely restored. The floors are the original but are restored Miami Dade Pine. The property was originally built by Walter De Garmo, a famous Miami architect in the early 1900’s. This home features 3 bedrooms and 2 bathrooms.

According to the MLS (multiple listing service), this property was rented at $400,000 monthly. No other information was provided. The seller is also unknown.

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 islands 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 guardhouse entrance. A large number of celebrities live or have owned on Star Island. Some notables include Gloria Estefan, P. Diddy, Lea Black from the Real Housewives of Miami, and Jennifer Lopez.

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.