Sabal Development led by Pascal Nicolai Closes on $20.6 Million Sale of Stunning Venetian Island Estate

Leading Miami-based luxury home developer Sabal Development & Sabal Luxury Builder, led by Pascal Nicolai, have sold their stunning new modern tropical waterfront estate they developed located at 1369 N Venetian Way for $20,625,000. The home, located on Miami’s ritzy Venetian Islands, was designed by Togu Design, built by Sabal Luxury Builder and listed by Dora Puig at Luxe Living Realty.

“We are extremely proud of our team and partners for bringing this enhanced living experience to the island,” said Pascal Nicolai, Founder and CEO of Sabal Development. “The open floorplan and floor-to-ceiling windows provide a luxury living space that is unmatched.”

The estate boasts 7,283 square feet of interior space situated on a sprawling 10,500 square foot lot with 60 feet of water frontage. It features four bedrooms, with the potential to convert to five or six, and five and a half bathrooms. Highlights of the property include two expansive rooftop terraces, an elevator servicing all three levels, a chefs eat-in kitchen with Miele appliances, and an oversized kitchen island. The outside entertaining area includes Ipe wood with an infinity-edge pool overlooking the bay.

This exceptional property, built by Sabal Luxury Builder, offers luxurious living and breathtaking waterfront views throughout. It features bleached oakwood floors, matte black accents, seamless indoor and outdoor living, and flexible interior architecture.

'This sale represents the continued strength of the luxury waterfront market in Miami Beach,” said Dora Puig. “The exceptional design and craftsmanship of this estate made it a truly unique offering on Venetian Island.”

Sabal Development has sold custom homes built by Sabal Luxury Builder with a total value of over $240 million. Nicolai has more than 30 years of experience with residential projects in the United States and Europe.

Images via Sabal Development

Venetian Islands Waterfront Contemporary Spec Home 'Villa Marco' Hits Market For $23.9 Million

Villa Marco, a masterfully crafted waterfront residence developed by renowned local builder, Sabal Development, on Miami’s exclusive Venetian Islands has hit the market for $23.9 million. The property is a true testament to exquisite design capturing breathtaking bay views and natural light. Villa Marco is located on San Marco Island at 1369 North Venetian Way.

The 7,283 SF home is currently configured with 4 bedrooms but easily adaptable to 5 bedrooms and 5.5 baths to ensure convenience and comfort. The expansive formal and informal living spaces provide a harmonious balance between elegance and relaxation with floor to ceiling glass and views from every room. The home also features a gourmet kitchen, glass elevator and a garage with room for a lift.

The lushly landscaped outdoor areas are perfect for entertaining and enjoying the beautiful surroundings. Features include a panoramic rooftop terrace with hot tub and downstairs a summer kitchen, multiple seating areas, infinity pool and dock.

1369 North Venetian Way is currently listed for $23,900,000 with Mathieu Rochette of Compass.

Images via Compass