VENETIAN CAUSEWAY NEWS: TWO WATERFRONT HOMES JUST LISTED ON SAN MARCO ISLAND IN MIAMI, FL

February 20, 2009

Two waterfront homes were listed yesterday on San Marco Island, located on the western side of the Venetian Causeway, the historic bridge that connects Miami and Miami Beach:

1350 South Venetian Way is listed for $6.95M. The property was built in 2003; it has 7,991 SF of living space and is situated on a 12,250 SF lot.

1337 North Venetian Way is listed for $6.9M. The property was built in 2007; it has 5,859 SF of living space and is situated on a 12,250 SF lot.

Offering spectacular views of Biscayne Bay, seven other waterfront properties are currently for sale on San Marco Island including:

1374A South Venetian Way * is listed for $7.9M. The property was built in 2006; it has 7,880 SF of living space and is situated on a 12,250 SF lot. By the way, this property has SPECTACULAR views of the Miami skyline.

1215 North Venetian Way is listed for $7.9M. The property was built in 2003; it has 7,653 SF of living space and is situated on a 13,382 SF lot.

1384 South Venetian Way is listed for $6.8M. The property is under construction and is situated on a 13,382 SF lot.

1276 South Venetian Way is listed for $4.48M. The property was built in 1935; it has 3,788 SF of living space and is situated on a 10,500 SF lot.

1386 South Venetian Way is listed for $3.9M. The property was built in 1941; it has 3,286 SF of living space and is situated on a 13,380 SF lot.

1378 South Venetian Way* is listed for $3.4M. This is the only piece of waterfront, vacant land currently for sale on the island. The lot is 10,500 SF. The owner is amenable to seller financing!

1233 North Venetian Way is listed for $3.3M. The property was built in 1949; it has 3,864 SF of living space and is situated on a 13,382 SF lot.

*Listed by yours truly

At this point you are probably wondering what has sold on the island. In 2008 three of the twentyluxury waterfront homes that traded on the Venetian Islands were located on San Marco Island. The three transactions are the following:

[SOLD for $6.25M in May ’08: 1374B South Venetian Way, Miami, FL **]

SOLD for $6.25M in May ’08: 1374B South Venetian Way, Miami, FL **

[SOLD for $4.5M in April ’08: 1215 North Venetian Way, Miami, FL]

SOLD for $4.5M in April ’08: 1215 North Venetian Way, Miami, FL

[SOLD for $3.35M in May ’08: 1239 North Venetian Way, Miami, FL**]

SOLD for $3.35M in May ’08: 1239 North Venetian Way, Miami, FL**

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