With buyers from all over the globe and the attendance for Art Basel reaching over 60,000, it is of no surprise that sales for One Thousand Museum would increase.
According to the co-developer of One Thousand Museum, Kevin Venger, “As a testament of the recent success leading to the loan payoff, during Art Week alone, our sales team inked two large sales totaling more than $30 million.”
Another major milestone was the $90 million inventory loan that was secured in March 2021. According to the developers, that loan is officially paid off. Louis Birdman, another co-developer states, “Satisfying our $90M loan in eight months comes during a buying frenzy and Miami’s high season, which we expect to take One Thousand Museum to sellout quickly.”
The late Pritzker-winning architect Zaha Hadid built One Thousand Museum, which was developed by Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group.
One Thousand Museum is South Florida’s first residential complex with its own rooftop helipad, allowing residents to quickly travel to adjacent islands, private and commercial airports, and private boats.
One Thousand Museum Amenities
A spacious fitness center with state-of-the-art strength and cardio training equipment
Spa with private treatment rooms, steam and sauna rooms, plunge pools, and relaxation lounge
Multimedia theater for private movie screenings, lectures, and presentations
Sun & Swim Terrace with pools, lounge chairs, cabanas, and poolside towel service
Aquatic Center with indoor, infinity-edge pool
Private dining room
Triple-height event space overlooking Biscayne Bay
Private rooftop helipad
Specialized security and valet personnel
Full-service concierge
Bank-quality vault with individual safe deposit box for every residence
One Thousand Museum Residence Features
Custom Italian cabinetry by Poliform
Fine quartz countertops by Silestone
Induction cooktop, oven, steam oven, microwave, dishwasher, and integrated coffee maker by Gaggenau
Refrigerator by Sub-Zero
Faucets and fixtures by Dornbracht, Duravit, and MTI
Interior doors by Lualdi Porte with door handles designed by Zaha Hadid
Custom-designed, Italian-made walk-in closets
Extensive state-of-the-art home automation by Crestron, allowing residents to control a range of in-residence applications including lighting, heating, air conditioning, audio, video, window treatments, and security
Oversized terraces
East-to-west flow-through floor plans
These one-of-a-kind and magnificent condos range in price from $4.95 million to $20 million, and due to the demand of the luxury condo market, availability is restricted.
There are currently 3 furnished developer models left. If you or someone you know have an interest in purchasing one of the One Thousand Museum Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
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.
Developer Sells Palm Island Mansion for $17 Million
Miami-based developer Pedro Adrian of Adrian Homes has recently sold his Palm Island waterfront mansion for a cool $17 Million. The buyer, listed under a LLC by the name of JLG Family Holdings LLC, purchased the property at $1,459 per square foot. The LLC is managed by Jorge and Aida Garcia of Miami Beach.
Located at 198 Palm Avenue, Miami Beach, this gorgeous estate was originally built in 2016 by Adrian and his wife Adria. Featuring 30,000 square feet of property and 100 feet of water frontage, this land is the perfect backdrop for the modern Mediterranean home.
The lot itself is considered one of the largest lots on Palm Island with one of the best views overlooking the downtown Miami Skyline.
The property features 14,000 square feet of unrivaled living space. A total of 6 bedrooms, 8.5 bathrooms, and a 4 car garage make this home truly spectacular. This mansion is not limited in amenities and the lucky buyers will enjoy a sauna, fitness room, and a temperature-controlled wine cellar.
This estate boasts top-of-the-line appliances and mechanicals. The backyard is complete with a 20×40 heated pool, expansive terrace with a summer kitchen and BBQ installation. The 2 large gazebos overlook the ocean and the spacious dock.
The Adrians own a primary home located at 145 Palm Avenue as well as an adjacent lot that features a tennis court.
Adrian Homes is a residential development company based in Miami. They have a long history with Miami and have been established in the area for the past 42 years. Adrian’s has built over 5,000 single-family homes as well as many retail and commercial centers in the Miami Area.
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.
Three Tower Development Proposed in North Miami Beach
Photo Credit: Kobi Karp
Echad Holdings LLC. has officially proposed a three-tower development in North Miami Beach. Managed by Aviva and Chaim Druin, Echad Holdings LLC’s website states that they are a real estate investment and property management company.
The proposed site is located at 851 N.E. 167th Street intersecting with Gloden Glades Drive. On the current 2.1 acre lot sits a 45,728 square foot office building that will be demolished in the initial phases of construction, once approved. The office building was constructed in 1973.
Two of the towers are planned to be 15 stories and the 3rd story is planned for 10 stories. It will be a combined 464,807 square feet with 77,856 square feet allocated to office space and 12,258 square feet for retail. The plan includes 223 condo and hotels rooms, 3,866 square feet of restaurants, and 526 parking spaces.
The pool would be located at the 10-story tower on the 10th floor of the amenity deck. The plans refer to the condo units as ‘extended-stay’ rooms but will be sold as condos. These units will include 143 one-bedroom and 80 two-bedroom units, all with full kitchens.
Echad Holdings LLC acquired the property in 2015 for $5.6 million. More recently, the city rezoned the area for a mixed-use development. The Miami-based designer for this project is well-known Kobi Karp Architects who have designed Arte, Legacy Hotel & Residences, and 1300 Ponce.
North Miami Beach’s Planning and Zoning Board are scheduled to meet on September 20th to discuss the plans. If approved, the construction is scheduled to begin in 2022.
Photo Credit: Kobi Karp
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
Miami Heat’s Very Own Jimmy Butler Sold his Pinecrest Mansion for $7.1 Million
Photo Credit: Douglas Elliman
Jimmy Butler, Small Forward for the Miami Heat just sold his Pinecrest Mansion for $7.1 million. Butler who just purchased this home just 2 years ago really took advantage of the Miami market because he originally purchased the estate for $4.6 million in 2018. The home was built in 2013.
Photo Credit: Douglas Elliman
Records show that the managing partner, Reshma Sohoni, for London-based venture capital firm called Seedcamp purchased the home. Sohoni co-founded Seedcamp in 2007 with the idea to assist in investments for European tech start-ups.
The home located at 8975 Southwest 63rd Court in the Stritter Estates subdivision of Pinecrest features 7 bedrooms, 8 bathrooms and a 3 car garage. The custom Mediterain home with 8,958 square feet of living space showcases a grand foyer that opens to the living and dining rooms with double height ceilings.
The large game room is perfect for entertaining with a custom wet-bar and dedicant kitchen. The custom cabinetry, wine gallery, and butler’s pantry makes this home truly unique. The master offers a private terrace and spa bath. The backyard is the ultimate in luxury with covered terraces, playground, spa, and resort style pool.
Photo Credit: Douglas Elliman
For the next four years, Butler will still be a Miami resident with his recently signed 4 year contract extension with the Heat for an additional $184 million.
Butler isn’t the first Heat player to sell its Miami mansion. Dwayne Wade and wife Gabrielle Union sold their Miami mansion for $22 million after 2 years on the market.
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.
