Top 3 Most Expensive Miami Beach Home Sales – February 2010
March 17, 2010 by Ines Hegedus-Garcia
There were 16 Miami Beach Homes sold in February ranging in price between $191,300 for a bank owned Normandy Island home to $7,250,000 for a Star Island fixer upper. Talk about a huge disparity and what makes Miami so interesting to many. We can’t deny that there’s something for everyone here! With no further delay, here are the 3 Most Expensive Miami Beach Home sales last month.
February’s Most Expensive Miami Beach Home Sale
44 Star Island Drive – Miami Beach, FL 33139
Listed for $8,750,000 and sold for $7,250,000 on February 25th, 2010
Funny enough, this same house was our featured luxury listing for January: Miami Beach Luxury Home – Star Island
Here’s what I had to say:
The house itself is only 4,720 square feet, which is tiny compared to its neighboring estates. It was built in 1935 and to many it will be the “ugly duckling” of the island. But I urge to look past the obvious and notice that the existing structure does have a nice Florida Vernacular feel to it and nothing a little money and love can’t fix. It’s listed at $1,854 per square foot but I know that’s not a fair assessment since it’s all about the size of the lot. Well….Shaq’s lot was 87,120 square feet with 312 feet of frontage and the house was impeccable and needed no “updating” (other than changes here and there for tastes sake). So, my guess is that neighbors are pretty angry right about now because the only comp is throwing all the numbers off. Just based on the one sale, this property is grossly overpriced.
Here’s the MLS description:
Located on exclusive Star Island among some of Miami’s favorite celebrities, this bayfront estate offers over 200 feet of prime water frontage and provides beautiful sunrises, southeastern breezes and the utmost in security and privacy. Just minutes from both Downtown Miami and South Beach, this Colonial-style 4,720 home is ready for your update or build to suit. Ideal waterfront for large vessel. Least expensive property on Star Island!!
Features:
- 4,720 square feet of living space
- Built in 1935
- 6 bedrooms / 5 bathrooms / 1 half bath
- 215 feet of water frontage
- 48,266 square foot lot
- Barrel tile roof
- 2-story home
February’s Second Most Expensive Miami Beach Home Sale
269 N. Hibiscus Drive, Miami Beach, FL 33139
Listed for $5,995,000 and sold for $5,400,000 on February 24th, 2010
New Hisbiscus Island construction (built in 2007) with an interesting listing history. The home was originally listed in April 2007 for $10,900,000 and was on and off the market with several price reductions and increases and finally selling for $5.4 M last month. The MLS description reads:
New-elegant Mediterranean-waterfront estate on guard gated Hibiscus Island. This luxury 3-story home comes equipped with dramatic volume ceilings, oversized impact windows/doors, multiple private balconies and boat dock which can accommodate large vessel. Resort style swimming pool w/jacuzzi, elevator, top-of-the-line appliances, marble/wood flooring throughout. 40 X 30 roof top terrace with spectacular views of Biscayne Bay, the Downtown Miami Skyline and Port of Miami. Never been lived in. New home.
Features:
- New construction – built in 2007
- 8,096 square feet of living space
- 12,250 square foot lot with 70 feet of water frontage
- bayfront
- 2-story home
- 6 bedrooms / 7.5 bathrooms
- pool with jacuzzi
- elevator
- within guard-gated Hibiscus Island
February’s Third Most Expensive Miami Beach Home Sale
5760 North Bay Road, Miami Beach, FL 33140
Listed for $5,950,000 and sold for $4,500,000 on February 22, 2010
This home was listed for $7,495,000 in September 09, reduced to $5,950,000 in December and was under contract by January 7th 2010. North Bay road boasts with the most beautiful, unobstructed views of Biscayne Bay, and this house is the perfect example of that. Older home, built in 1963, without being pretentious, except for the view. Shows location is still worth a pretty penny in Miami Beach. The MLS description reads:
Endless views on this gated Mediterranean Estate on prestigious upper North Bay Rd, on a very large lot (26,830 SF) wide Biscayne Bay front lot with a large concrete dock for a substantial boat, elegant open floor – turnkey estate! Gorgeous pool, large master bedroom with sitting area and the best views on N Bay Rd. Circular driveway and lush landscaping Miami Beach Waterfront Dream!
Features:
- Built in 1963
- 6,752 square feet of living space
- 26,830 square foot lot with 92 feet of water frontage
- 3 bedrooms / 4 bathrooms
- 2-car garage
- pool
**all information obtained from the SouthEast Florida Multiple Listing Service**
Showing properties
1 - 25 of 31.
See more
city of Miami Beach real estate.
(all data current as of
7/30/2010)
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$14,800,000 : 98 La Gorce Cr, Miami Beach7 beds, 7 full bathsSize: 7,848 sq ftListed with World Class Realty
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$7,499,000 : 150 Palm Av, Miami Beach7 beds, 7 full, 1 part bathsSize: 5,860 sq ftListed with Greater Miami Investments, Inc
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$5,750,000 : 3370 Chase Ave, Miami Beach7 beds, 7 full, 2 part bathsSize: 7,000 sq ftListed with One Sotheby's Int'l Realty
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$5,495,000 : 227 E Dilido, Miami Beach7 beds, 5 full bathsSize: n/aListed with Altara Realty
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$4,500,000 : MLS # D1383172 in Miami Beach4 beds, 4 full bathsSize: n/aListed with Ocean First Realty
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$3,999,000 : MLS # F1057928 in Miami Beach4 beds, 6 full bathsSize: n/aListed with Qwest Realty Services
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$3,800,000 : 5941 Pinetree Dr, Miami Beach6 beds, 5 full, 1 part bathsSize: 4,564 sq ftListed with Beachfront Realty Inc
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$3,650,000 : 297 N Coconut Ln, Miami Beach3 beds, 2 full, 1 part bathsSize: 3,524 sq ftListed with Shelton and Stewart REALTORS
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$3,649,000 : 250 E San Marino Dr, Miami Beach5 beds, 5 full, 2 part bathsSize: 4,800 sq ftListed with Beachfront Realty Inc
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$3,600,000 : 5529 Pinetree Dr, Miami Beach5 beds, 4 full, 1 part bathsSize: 4,140 sq ftListed with Community Realty Associates
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$3,499,000 : 224 S Coconut Ln, Miami Beach5 beds, 5 full bathsSize: 3,609 sq ftListed with The Muskat Group, Inc.
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$3,499,000 : 1420 W 21 St ** New Home **, Miami Beach6 beds, 7 full, 1 part bathsSize: 5,054 sq ftListed with The Muskat Group, Inc.
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$2,950,000 : 620 W Dilido Dr, Miami Beach4 beds, 3 full, 1 part bathsSize: 3,499 sq ftListed with Bedrock Properties, LLC.
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$2,900,000 : 441 N Hibiscus Dr, Miami Beach9 beds, 10 full bathsSize: n/aListed with Florida Home Sales and Invest.
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$2,600,000 : 1131 Stillwater Dr, Miami Beach5 beds, 3 full, 1 part bathsSize: 3,980 sq ftListed with Century 21 Continental Realty
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$2,600,000 : 291 N Coconut Ln, Miami Beach2 beds, 2 full, 1 part bathsSize: 2,246 sq ftListed with Florida Home Sales and Invest.
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$2,599,000 : 2232 Alton Rd, Miami Beach8 beds, 7 full, 1 part bathsSize: 7,846 sq ftListed with Beachfront Realty
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$2,590,000 : 4525 Prairie Av, Miami Beach6 beds, 6 full, 1 part bathsSize: 5,527 sq ftListed with Beachfront Realty Inc
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$2,395,000 : 4435 N Bay Rd, Miami Beach5 beds, 6 full, 1 part bathsSize: 5,075 sq ftListed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
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$1,795,000 : 4419 N Bay Rd, Miami Beach5 beds, 5 full bathsSize: 4,309 sq ftListed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
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$1,700,000 : 5711 N Bay Rd, Miami Beach4 beds, 4 full bathsSize: 3,100 sq ftListed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
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$1,595,000 : 4415 N Bay Rd, Miami Beach4 beds, 5 full bathsSize: 3,600 sq ftListed with Esslinger-Wooten-Maxwell Inc Coconut Grove Office
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$1,500,000 : 5420 La Gorce Dr, Miami Beach4 beds, 3 full bathsSize: 3,342 sq ftListed with Oceanaire Realty, Inc.
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$1,495,000 : 4501 Meridian Av, Miami Beach5 beds, 4 full, 1 part bathsSize: 3,468 sq ftListed with Beachfront Realty Inc
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$1,450,000 : 5147 N Bay Rd, Miami Beach4 beds, 3 full, 1 part bathsSize: 3,252 sq ftListed with Greater Miami Investments, Inc
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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