Venetian Islands Waterfront Lot Fetches $6.5 Million

September 2, 2016

Just this morning, escrow was closed on a 15,750 square foot lot at 412 West Dilido Drive on the Venetian Islands to an unnamed businessman from Brazil. The sale included plans for an amazing 7 bedroom home with almost 8,500 square feet of living space designed by Max Strang.

According to those involved in the sale, the buyer does intend to build his personal residence on the property. The plans are already approved and permitted from the grandfathered code regulations that allow a larger home, 1,100 square foot rooftop terrace and a private elevator. The same home would not be approved today.

Other aspects of the planned residence include an Ipe wood summer kitchen and Fleetwood telescopic floor to ceiling sliding doors. The buyer will have the opportunity to customize the interior to his taste. Aside from the 3^rd floor rooftop terrace, there will be a series of three 2^nd floor covered decks, two first floor patios, a cabana and an atrium. The lot offers 90 feet of waterfront with a dock and amazing sunset views.

The property and plans sold for $6.5 million. Dora Puig from our very own Luxe Living Realty represented the seller and David Pobiak from Beachfront Realty brought the buyer. See below for renderings of the project: