Yet Another Luxury Sale! 27 Star Island Drive Sells For $10.75M

This has been quite a week for the luxury real estate market in Miami.  Tuesday a condo at Continuum South Beach sold for $6.5M; Wednesday a luxury, waterfront home on Hibiscus Island closed for $9.35M and today I discovered that a waterfront home on Star Island sold for $10.75M.  The sale closed Monday but the status in the MLS wasn’t changed until earlier this afternoon.  The 12 bedroom/13.5 bath waterfront estate for sale in Miami resides on a 40,000 square foot lot and has 15,000 square feet of living space, a bayfront swimming pool and a boat dock with 100 feet of water frontage.  The property sold in 300 days at a 17 percent discount from its initial asking price of $12.95M.  The estate was previously purchased in 1999 for $5.9M.