Developer Sells Star Island Estate for Record $120M

Posted by:

Developer Sells Star Island Estate for Record $120M

Billionaire developer Vlad Doronin has sold his waterfront estate on Miami Beach’s exclusive Star Island for $120 million, setting a new record for the most expensive home sale in Miami-Dade County.

The 2.5-acre property at 26 Star Island Drive was purchased by Constellation Drive LLC, a Delaware entity led by businessman Michael Ferro. Doronin, through his company Garden Islands International LLC, originally acquired the estate in 2009 for $16 million from retired basketball star Shaquille O’Neal.

Continue Reading →

0

English

, , , , , , ,

Miami Leads the U.S. Luxury Real Estate Market with Record-Breaking Sales

Posted by:

Miami Leads the U.S. Luxury Real Estate Market with Record-Breaking Sales

South Florida continues to dominate the U.S. luxury real estate market, with Miami claiming the nation’s three most expensive home sales in February 2024, according to a Redfin report. Despite rising insurance costs and the looming threats of climate change, the region remains a top destination for the ultra-wealthy.

The priciest sale in February was a $49 million estate in Manalapan, a wealthy enclave south of Palm Beach. Palm Beach County secured four of the top ten ...

Continue Reading →
0

English

, , , , , , ,