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Migrating south for the winter, need some fun in the sun? Miami Beach’s tropical waters + powdery beaches aren’t enticing enough, this is what’s on around town:

Art Basel
NFL Pro Bowl
NFL Superbowl XLIV
Miami International Boat Show
South Beach Wine and Food Festival
Winter Music Conference
Sony Ericsson Open
Not feeling the hotels, rather go native? Try this one on for size, 1374B South Venetian Way is located on the westernmost isle of the Venetian Islands. Short term and long term leases welcome. If your stay becomes more permanent, check out the house next door!

Vitals on 1374B South Venetian Way:
Lot Size: 10,500SF (60′ on the H2O)
Living: 7,117 SF (7 bed/8 bath/1 half bath)
Furnished
Media Room
Putting Green
Rooftop Pool
Boat Dock
2-Car Garage
Built in 2006



 

Simply put, this La Gorce Island estate is a class act! Last week, I returned it to the market for $19.5M. It luxuriates in style, scale and balance and may be among Miami Beach’s more architecturally significant modern homes. The expansive floor plan, inspired by the Carl Fisher Estate (5020 North Bay Road), was developed and sold in 2006 by the same talented mastermind.

Property on 88 La Gorce Circle:

Lot Size: 48,027SF
On the H2o: 260′
Living Area: 17,183SF
10 Bed / 12 Bath / 3 Half Bath
Private Guest House
Roof Top Terrace
Lap Pool
2 Docks
5-car garage
Staff Quarters
Built in 2008



 

It usually takes just one sale to break a cycle. For our purposes we focus on the ultra luxe end of the market. In June, Shaq’s Star Island home, at one time listed for $35M, closed for $16M. Until this sale, Dade County had only seen one single family home trade above $10M during 2009. This fall, the Sunset Island residence located at 1400 W 28 Street that was on the market for $15.9M closed for $9.5M. The domino effect continues this week with the sale of 2046 North Bay Road which closed for $9.750M.

Originally listed for $17M, this spec estate was conceived during South Florida’s most recent boom time, 2005-06. In those days buyers and sellers did not subscribe to the BUBBLE theory. As a result, developers planned to yield large by devouring tear downs + vacant land. Fast forward a few years to find all the bells and whistles in decadent, new construction…at a substantial discount. My buyer certainly maximized his $$$ on this transaction, the deal was pure value, the appointments alone read like a who’s who of Architectural Digest.

2046 North Bay Road Vitals:

Smart House custom designed by Audio One (both interior + exterior)
Private guard house
Lot Size: 38,314SF (112 x 370′)
Under Air: 13,056SF
On the H2O: 112′
Large dock with boat lift
80′ pool (in length)
3 Kitchens include: Wolf, Miele, Viking and Sub Zero appliances
1,700 SF Master Suite
Waterworks bathrooms throughout
Wine Cellar + Wine Tasting Room
Smoking Room with advanced exhaust system
Home Theater
Elevator
4-car garage



 

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