Tag Archives: miami beach real estate

Palm Island in Miami Beach

Major Food Group’s Mario Carbone Buys Palm Island Estate

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Palm Island in Miami Beach

Major Food Group’s co-founder, Mario Carbone and girlfriend Cait Bailey, have recently bought on Palm Island in Miami Beach.

The 3,422-square-foot refurbished home cost Carbone roughly $4.3 million. According to the listing, George Fink, an architect, created the two-story house in 1925. It was listed at the end of June for $4.2 million and closed at the end of August 2022.

The estate located at 275 Palm Avenue in Miami Beach features 5 bedrooms, 3.5 bathrooms with a 2 car attached garage. The Mediterranean style home boasts high-impact windows, high-end stainless steel appliances, renovated bathrooms, and a spacious courtyard. There are guest quarters located over the garage.

The sellers are listed as Gregory Rumpel who is the senior director of JLL’s Hotels & Hospitality Group and his wife, Jacqueline. They originally purchased the home in 2013 for $1.3 million.

Since landing in Miami in late 2020, the New York-based Major Food Group, led by Carbone, Rich Torrisi, and Jeff Zalaznick, have experienced rapid growth in South Florida. Last year, Zalaznick and his wife Alison spent $15 million on a property on Miami Beach’s Sunset Islands. Mike Piazza, a member of the Baseball Hall of Fame, and his wife, Alicia, sold the land to the Zalaznicks.

In addition to Carbone and HaSalon in South Beach, Dirty French Steakhouse in Brickell, Sadelle’s at The Boca Raton Resort & Club, Sadelle’s in Coconut Grove, and the members-only ZZ’s Club in the Miami Design District, Major Food Group has opened more than 30 restaurants, hotels, and private clubs around the world.

A gourmet market will be a part of the 10,000 square feet Sadelle’s Restaurant and Market Place that the company hopes to open at 1212 Lincoln Road in Miami Beach.

Palm Island is an 82-acre man-made island just south of Hibiscus Island in Biscayne Bay, and only accessible by land via the MacArthur Causeway. It is known for its gorgeous landscaping, luxurious homes, breathtaking bay views, and exclusivity, making it a premier location for the Miami Beach elite.

2901 Indian Creek in Miami Beach

JMH Development to Build 7 Story Luxury Tower in Miami Beach

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2901 Indian Creek in Miami Beach

The long-awaited Miami Beach condo project by JMH Development can finally move forward after the lawsuit against the developer was dismissed. The lawsuit included the actual condo site where the plans for this new tower would be constructed.

The project has been put on hold for 5 years due to a dispute between the original partnership of Jason Halpern (Managing Partner for JMH Development) and companies owned by Dhruv Piplani. In 2017, Piplani filed suit again Halpren and accused them of selling the property without permission of the co-investors.

When originally purchased, the property was purchased for $7.75 million by 29 ICD LLC, managed by Gerard Longo, who is noted as a longtime business partner of Halpren.

To add fuel to the fire, in 2020, Halpern filed for a $5.25 million mortgage foreclosure against the property. The original case was dismissed due to a breach of contract because PSB Indian Creek failed to make the $800,000 contribution toward the project in 2016.

According to Halpren, “In addition to Justice Masley’s ruling in favor of JMH Development across the board, the court awarded our client attorneys’ fees. This is a big win for our client, and demonstrates the egregious nature of the claims made against them.”

The project itself will be located at 2901 and 2911 Indian Creek Drive in Miami Beach. It is approved to rise up to 7 stories with 22 luxury condo units. The property itself will have to stay under 17,150 square feet and will also feature a rooftop pool, as well as a parking garage for 22 cars.

Miami Beach Mansion Sold for $26 Million

Tech Giant Sells Miami Beach Mansion for $26 Million

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Miami Beach Mansion Sold 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.

The Perigon Miami Beach Elevation

Revealed: The Perigon Miami Beach

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The Perigon Miami Beach Elevation
The Perigon Pool Restaurant and Pool Cabana

Mast Capital and Starwood Capital Group have officially launched sales of The Perigon, a luxury condo development planned for an oceanfront site in Miami Beach located at 5333 Collins Avenue.

After the City of Miami declared the existing La Costa Condo tower unsafe last summer, Mast Capital bought out the remaining units in an effort to move forward with The Perigon. The City of Miami’s declaration came shortly after the collapse of the Champlain Towers South in Surfside. Mast owns approximately 88.5% of the current tower leaving 14 unowned.

In June 2021, Mast filed the development plans for the property and the official approval came in December 2021. Rem Koolhaas is named as the architect for the project while Tara Bernerd is listed as the interior designer. The design resembles a series of towers merged together allowing the residents optimal views of Biscayne Bay, Miami skyline, and the Atlantic Ocean

The development will rise 17 stories and feature 83 total units, with 10 of those units labeled as ‘guest suites,’ which will only be available to purchase by unit owners.

The Perigon Miami Beach Elevation from the Beach

Units will range from 2 to 4 bedroom floor plans with 2,100 to 6,700 square foot options. Units will start at $3 million and will feature a number of luxury amenities and residence features.

Services

  • Residential butler
  • Dedicated lifestyle concierge
  • 24-hour security and valet service
  • House car
  • On-site general manager
  • In-residence dining and catering from a signature on-site restaurant
  • Home management services from cleaning and maintenance to floral and pantry stocking (available for additional costs)

Tower Amenities

  • Signature oceanfront restaurant by a celebrated chef exclusive to residents
  • Beachside swimming pool and outdoor spa with sunbeds and cabanas
  • Pool and beachside food and beverage service
  • Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas, and service
  • Sprawling conservatory offering daily breakfast bar
  • Stylish cocktail lounge and speakeasy
  • Dramatic double-height lobby with open lounge area
  • Luxury guest suites for friends and family
  • Sunrise lounge with catering kitchen for entertaining and events
  • Private spa with sauna and treatment rooms
  • A state-of-the-art fitness center with a high-impact training room overlooking the Atlantic Ocean
  • Bespoke wine room
  • Private salon for personalized beauty services
  • Screening room
  • Imaginative children’s playroom
  • Intimate garden and meditation lounge areas overlooking the Atlantic
  • Bicycle storage

Residence Features

  • Direct, private elevator entry to each residence
  • Gracious 10-foot ceilings with floor-to-ceiling windows
  • Private 10- to 12-foot-deep terraces designed to provide direct views of the Atlantic from every residence
  • Expansive living, dining, and entertaining area accented with linear cove lighting
  • Custom Italian kitchens designed by Tara Bernerd & Partners featuring honed marble countertops, backsplash, and island
  • Sub-Zero Wolf Appliance Suite
  • Primary bathrooms feature natural stone flooring and walls, custom bathtub, bespoke mirrors, and light fixtures
  • Walk-in wardrobes in each bedroom

The building is expected to top off in 2024 with a completion date in 2025. If you or someone you know have an interest in purchasing at The Perigon Miami Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

The Perigon Miami Beach Aerial View
The Perigon Miami Beach Pool to Ocean View
The Perigon Miami Beach Lobby
The Perigon Miami Beach Spa
Spec Home Sells for $15 Million on Hibiscus Island

Developer Sells Waterfront Estate to Cosmetic Company CEO

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Spec Home Sells for $15 Million on Hibiscus Island
Photo Credit: Dora Puig

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.

Palazzo Del Mare on Fisher Island

Another Fisher Island Condo Sold at $21 Million

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Palazzo Del Mare on Fisher Island

After spending 5.5 years on significant renovations and imported furniture, Igor Olegovich Nesterenko, a businessman in the meatpacking industry from Moscow, sold his Fisher Island property for $21 million.

The unit located at the Palazzo Del Mare unit 7153, features 5 bedrooms, 5.5 bathrooms, a terrace, a playroom, and a conference room spanning over 7,025 square feet. It also has a private 2-car garage on the parking level of the building and a private cabana near the pool.

Nesterenko spent the 5.5 years refurbishing the condo because Fisher Island only allows for roughly half of a year’s time for construction due to noise restrictions.

Furthermore, much of the furniture was purchased from abroad and was rather large and proved difficult to ship overseas. The bathtub in the master bedroom was fashioned from a solid block of Greek White Thassos marble and was carried into the apartment using a crane. The majority of the furniture was also brought by crane since it was too large for the elevator.

The 7,025-square-foot Unit 7153 located at Palazzo Del Mare was sold to Fana Fisher Palazzo 7153 LLC, managed by a trust in Bellevue, Washington purchased the condo for $21 million equals $2,989 price per square foot.

The trust is under the umbrella of the Fana Group of Cos., a real estate corporation located in Bellevue led by Chairman and CEO Firoz Lalji.

The apartment was designed by Augusto Busnelli of Milan, according to Flikshteyn. The previous owner spent around $10 million on upgrades. The property was last sold in 2011 for $8.3 million.

The Palazzo Del Mare was built in 2007 and with an expansive amenity package including a 9-hole golf course, 18 tennis courts, a marina and yacht center, a gourmet market, 8 restaurants, and Spa Internazionale. A Fisher Island Day School and a mile and a half of pristine beaches.

Fisher Island, America’s wealthiest zip code, is a 216-acre barrier island located across Government Cut from Miami Beach. Fisher Island condominiums are in a class of their own when it comes to ultra-exclusive living in South Florida.

The island, which can only be reached by ferry, boat, helicopter, or seaplane, provides unrivaled protection. All visitors to the island must first be checked by security at the Fisher Island port.

Palazzo Del Mare #7153
Palazzo Del Mare Luxury Unit

Sixty Sixty Condo Hotel Sells for $24 Million

Sixty Sixty Condo Hotel Sold to Miami-Based Investment Group for $24 Million

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Sixty Sixty Condo Hotel Sells for $24 Million

In a previous foreclosure fight among owners and developers, the Sixty Sixty condo-hotel in Miami Beach has been sold for $23.5 million to a buyer who intends to repair as well as add to the waterfront development.

The 82-key condo-hotel is located at 6060 Indian Creek Drive along an inlet off of Biscayne Bay but also features views of the ocean. Integra Investments along with Sagar Desai’s Activate Hospitality sold the property to Bloom Hotels, under the umbrella of Bloom Ventures. The founder and CEO of Bloom is David Harari, who is located in Miami.

The CEO of Integra Victor Ballestas stated, “ripe market conditions created an opportunistic circumstance for the sale,” after stating he had no intention of selling the development.

The Schecher Group originally sold a majority of the units in 2020 to Integra and Activate for $15 million, then later bought the rest of the units in 2021. The company was then accused of a takeover although Schecher stated that the unit owners owed $9.4 million in homeowner association fees.

Bloom Hotels utilized Sheridan Capital to finance the property for a loan of $17.3 million. There have been talks of Bloom increasing the room count and bringing Canopy or Tapestry (Hilton brands) to assists with operations. Some plans include modernizing the property as well as adding a marina to the development.

Integra is also one of the co-developers for Brickell’s newest two-tower project, St. Regis Residences.

1428 Brickell Tower New Construction

1,049 Foot Supertall Tower Receives FAA Approval for Brickell Neighborhood

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1428 Brickell Tower New Construction

Brickell may be getting a new supertall tower after receiving approval from the Federal Aviation Administration. Now the plans will move on to the City of Miami to discuss design, permits, and construction.

The tower located at 1428 Brickell would rise 1,049 feet tall on 1.15 acres. The property is currently owned by Miami-based real estate developer Ytech.

Ytech has the rights to build an 825,000 square foot structure due to the air rights. Ytech’s website states, “In a sea of high-rises, 1428 marks a new chapter for luxury development and a turning point for the Brickell area.”

The FAA application was originally submitted on July 30, 2021 and was just granted approval on January 14, 2022. The project is currently being called 1428. Its T6-48A-O zoning means the property could house a tower that’s at least 48 stories tall.

The only information that has been released about the property is that there will be hotel-like services that owners can participate in.

Ytech also owns property nearby where an 80 story tower is possible. This site could also be a possibility for an additional supertall tower as well.

The developer purchased the site in January 2017 for $26.5 million from The Taplin Company LTD after a threat of foreclosure. Currently, there is a 9 story Bank United office building that was originally built in 1971 with 100,762 square feet. Taplin first purchased the property in 1994 for $4.4 million.

1428 Brickell Ave-Ytech
Current Site of 1428 Brickell
L'Atelier Penthouse View of Pool and Ocean

CEO of Kayak Breaks 2 New Condo Records all on the Same Day

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L'Atelier Penthouse Family Room Views
Photo Credit: Eloy Carmenate

Kayak co-founder and CEO Steve Hafner paid $40 million for a penthouse on Fisher Island–Palazzo Della Luna after selling his smaller unit at L’Atelier Miami Beach for $36 million in two straight record-breaking deals.

One of the records include Mr. Hafner’s duplex at L’Atelier Miami Beach, which was listed for $39.9 million in March and sold on Friday. Mr. Hafner purchased his 6-bedroom, 7.5 bathroom unit at L’Atelier Miami Beach for $21 million in 2017 while the project was still under construction. Mr. Hafner and his wife, Staci Hafner, worked with Bart Reines Luxury Home Builder to redesign the 8,000-square-foot unit.

A glass elevator, a private 40-foot infinity pool, and a summer kitchen and bar are all included in the penthouse. SMG Management and W Capital Group developed L’Atelier.

Mr. Hafner then smashed his own record by purchasing a nearly 10,000-square-foot condo at the Palazzo Della Luna on Fisher Island later that evening. The seven-bedroom mansion was first listed for $40 million in 2018 and then relisted for $48 million in April.

The new purchase sits on Fisher Island, a 216-acre private island south of Miami Beach, and is home to around 800 CEOs and business owners. According to the listing, Mr. Hafner’s new house at the Palazzo Della Luna is on the 10th level with various terraces and a rooftop patio with a pool.

According to the company’s website, Mr. Hafner co-founded Kayak Software Corporation, an online travel booking tool, in 2004. Booking Holdings bought the company for $1.8 billion in 2013. According to property records, Mr. Hafner, who also owns residences in Rowayton, Conn., and the Hamptons, sold his New York condominium for $23.5 million earlier this month.

Before these new records, the county’s highest-priced condo purchase of the year was a penthouse at Continuum that sold for $35 million in April. The highest-priced condo transaction ever was a $60 million double penthouse at Faena House in 2015.

According to the press release, Hafner hasn’t been to their NYC apartment since the pandemic first started and they didn’t see a way back. The seller’s were represented by Eloy Carmenate with The Corcoran Group. The buyer of the L’Atelier penthouse is currently unknown.

Wetbar at Penthouse at L'Atelier
Photo Credit: Eloy Carmenate
L'Atelier Penthouse View of Pool and Ocean
Photo Credit: Eloy Carmenate
L'Atelier Penthouse Aerial View
Photo Credit: Eloy Carmenate
Hibiscus Island Waterfront Mansion

Cincinnati Businessman Sells Miami Beach Mansion 6 Months after Purchasing Property

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Hibiscus Island Waterfront Mansion

Cincinnati businessman, Josh Lehman recently sold his Miami Beach Mansion for $17.5 million. The waterfront mansion located on Hibiscus Island was sold 6 months after Lehman first purchased for a profit.

The buyer listed as Top Hibiscus LLC, an entity managed by Jose Carlos Pontes. Pontes is the head of Grupo Marquise a Brazilian-based construction company.

The mansion last sold for $15.5 million in May 2021 closing at a $2,850 per square foot. The current price closes close to $3,219 per square foot. The property was purchased with cash.

The property itself located at 160 S. Hibiscus Drive in Miami Beach features 5 bedrooms and 5.5 bathrooms totaling 5,427 square feet of living space. Upon entering, you immediately notice the tall ceilings, floating staircase, and the floor-to-ceiling sliding doors that lead to the exquisite back yard.

The waterfront mansion also features an Ornare custom kitchen, bar, spacious master suite with marble bath and Mia Cucina his/her closets. The exterior is complete with a rooftop deck, infinity edged pool with views of Biscayne Bay, outdoor bbq, and a 2 car garage.

The property was built earlier this year and the architect behind the modern design is Reinaldo Borges with interiors by Tara Nia Design. The home purchase also included a furniture package. The property also features a long dock for up to 38 foot boats.

Pontes, the purchaser of this property also sold another mansion that was located on Hibiscus Island in July 2021. That property located 150 S. Hibiscus was sold for $26.5 million.

160 S. Hibiscus Mansion
Hibiscus Island Mansion
Master Bathroom in Hibiscus Island Mansion