Luxury Home Builder Sabal Development Reports $130 Million In Sales For 2021
Sabal Development reported over $130 million in sales for 2021 amid a hot market for luxury single family homes and custom built homes. Sales in 2021 include a record-breaking sale at 135 Palm Avenue in Miami Beach for $29.5 million, a property in Pompano Beach at 2305 N. Riverside Drive for $6.45 million, and another in Hillsboro Beach at 1105 Hillsboro Mile for $13.5 million.
Sabal Development and Sabal Luxury Builder, led by Pascal Nicolai, reported over $130 million in sales for 2021 amid a hot market for luxury single family homes and custom built homes. Sales in 2021 include a record-breaking sale at 135 Palm Avenue in Miami Beach for $29.5 million, a property in Pompano Beach at 2305 N. Riverside Drive for $6.45 million, another in Hillsboro Beach at 1105 Hillsboro Mile for $13.5 million, and two in Miami at 4131 S. Douglas Road $5.4 million and 830 NE 92nd Street for $1.85 million. Other sales in 2021 include 770 S. Shore Drive for which sold for $5.15 million, 860 S. Shore Drive for $5.9 million, 2211 Meridian Avenue for $5.5 million, and 2035 Meridian Avenue for $5.05 million.
Pending sales under contract and set to close in 2022 include homes at 165 N. Hibiscus Drive in Miami Beach (listed at $15.5 million), 79 N. Hibiscus Drive in Miami Beach (listed at $17.5 million), and 1370 S. Venetian in Miami (listed at $21.9 million).
“We are thrilled to construct magnificent homes of this caliber and quality across South Florida,” said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. “When creating our projects, we understand a custom home is more than a structure—it’s a place where memories are made.”
Sabal Development’s founder, Pascal Nicolai, has over 30 years of home building experience with completed projects in Europe and the U.S. Nicolai uses his own construction company, Sabal Luxury Builder, to build his developments. Sabal Luxury Builder works with engineers, architects, and designers to design each project from start to finish while maintaining control the construction timeline and process from material sourcing to completion.
Images via Sabal Development and Jeff Miller, ONE Sotheby’s International Realty
Check Out This Waterfront Spec Mansion On The Blazing Hot Palm Island Which Just Sold For $29.5 Million
A waterfront spec home on Miami Beach’s prestigious Palm Island has sold for $29.5 million as real estate on the island continues to push higher. Located at 135 Palm Ave, the new construction home was developed by Sabal Development and was listed with Jeff Miller of ONE Sotheby’s International Realty and Mathieu Rochette of Compass.
A waterfront spec home on Miami Beach’s prestigious Palm Island has sold for $29.5 million as real estate on the island continues to push higher. Located at 135 Palm Ave, the new construction home was developed by Sabal Development and was listed with Jeff Miller of ONE Sotheby’s International Realty and Mathieu Rochette of Compass, who represented the seller. The buyer was represented by Liz Hogan with Compass.
The agents involved in the deal have completed several high-profile transactions on the island in the past few years. Miller sold 73 Palm in 2019 for $24.5 million while Hogan has sold 3 homes on the island over $25 million this month, including 94 Palm for a record $30 million and 370 S Hibiscus for $26.5 million.
The new construction modern 8 bedroom, 8.5 bathroom home features vast open living spaces tastefully furnished by world renowned brand Roche Bobois and seamlessly integrating indoor/outdoor living and entertaining. A spacious 1st floor features an open chef and prep kitchens, formal and informal dining rooms, movie theatre and guest suite. Upstairs offers a custom glass staircase or elevator and Master Suite with sweeping water views and an open flow with dual vanities and showers, floating tub, custom walk-in closets and midnight bar. The secluded backyard features an infinity-edge marble pool and jacuzzi, summer kitchen and cabana with sauna overlooking 100’ of water frontage. The property also features a guest House, 6 car garage, SAVANT smart- home, and rooftop lounge.
Miami’s ultra-luxury waterfront real estate market has been on fire lately. On Palm Island boxing legend Floyd Mayweather recently purchased a waterfront mansion for $18 million. Dreampact Ventures co-founder Fued Sadala purchased 9814 West Broadview Drive in the Bay Harbor Islands for $12 million, a record for a waterfront sale in the neighborhood; famed musician and producer partners Emilio and Gloria Estefan sold their Star Island “guest estate”for $35 million; real estate investor Andrew Mirmelli recently closed on a Hibiscus Island home for $21 million before immediately listing it for $30 million; spec home developer James Curnin sold his Modern Farmhouse on Allison Island for $13,875,000; and the Miami-Dade record for most expensive home was broken with the currently under construction 3488 Saint Gaudens Road in Coconut Grove selling for a record $65 million.
Images via Jeff Miller, ONE Sotheby’s International Realty
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