Miami Beach Real Estate Market Rolls A Lucky 13 Today: Star Island Estate Sells For $25.5 Million
April 28, 2011
Located in the guarded island enclave, steps from South Beach, 13 Star Island Drive closed today for $25,500,000. Listed at the end of January 2011 for $32,000,000, this property was on the market for less than 60 days when it went under contract by a Russian oligarch. Seller Tom Morgan purchased the tear down in 2000 for $3,700,000 and developed a 15,000 SF luxury residence which was completed in 2003. Sited on a 40,000 SF lot, the property offers 100′ of Biscayne Bay frontage with western facing exposures of the Downtown Miami skyline.
Available on Star Island:
5 Star Island Drive: offered for $49,995,000. 40,000 SF lot / 11,308 SF interior. Built in 1996.
15 Star Island Drive: offered for $14,900,000. 40,000 SF lot / 8,699 SF interior. Built in 1986.
29 Star Island Drive: offered for $21,000,000. 40,000 SF lot / 10,160 SF interior. Built in 2000. Home of fashion designer, Donald Pliner.
28 Star Island Drive: (vacant land) offered for $7,900,000. 40,000 SF lot.
30 Star Island Drive: (vacant land) offered for $8,900,000. 40,000 SF lot.
40 Star Island Drive: offered for $27,000,000. 87,991 SF lot / 9,854 SF interior. Built in 1925.
2011 Sales on Star Island:
35 / 36 Star Island Drive: (vacant land) 80,000 SF lot closed for $12,250,000 on 2/25/11.
