The two-story, eight-bedroom Sunset Island mansion sold for $14.3 million this week. Sited on about 24,000 square feet, it has eight bathrooms, a private dock and views of South Beach.
The sale is considered to be the priciest sale for a single-family home in Sunset Islands III and IV.
The home has two swimming pools, 2 reflecting ponds and modern architecture with large picture windows.
The sale proves that the luxury market in Miami Beach and South Florida is on the rise. The global market and domestic buyers are hunting and demanding luxury homes. Although inventory is shrinking, it proves to be a hot trend to be South Florida resident right now.