Sabal Development Sells Contemporary Coconut Grove Estate For $22.5 Million
Sabal Development, the Miami-based luxury residential developer, has sold a custom contemporary estate at 4040 Kiaora St. in Miami’s historic Coconut Grove neighborhood for $22.5 million. The residence was designed and built by the firm’s construction arm, Sabal Luxury Builder. Lourdes Alatriste served as the listing agent for the sale.
Sabal Development, the Miami-based luxury residential developer, has sold a custom contemporary estate at 4040 Kiaora St. in Miami’s historic Coconut Grove neighborhood for $22.5 million. The residence was designed and built by the firm’s construction arm, Sabal Luxury Builder. Lourdes Alatriste served as the listing agent for the sale.
The masterfully crafted residence features six bedrooms and eight bathrooms across 8,833 square feet of livable space, totaling 9,503 square feet under roof. Designed to offer a profound sense of spaciousness and elegance, the home is defined by its soaring ceilings and light-filled interiors that effortlessly establish a luxury lifestyle experience.
“Our vision for 4040 Kiaora Street was to create a modern sanctuary that balances high-end architectural design with the natural beauty of the Coconut Grove canopy,” said Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. “Because we develop, design, and build under one roof, every decision — from the structural envelope to the last interior finish — was made by the same team, with the same standard. The result is a complete lifestyle experience, combining expansive entertainment spaces with private wellness amenities.”
The interiors were conceived by Vitaliya Alkhovik, founder of Interiors.Vita and Executive Director of Interior Design for the Sabal organization, who led the interior architecture, finishes, and furnishing of the estate. Her design layers warm natural materials, custom millwork, and gallery-scale volumes to bring the Grove’s tropical light into every room.
“The house sits inside a mature canopy, so the interiors had to feel like a continuation of the landscape rather than a contrast to it,” said Alkhovik. “We worked with organic textures, soft mineral palettes, and generous proportions so the architecture, the greenery, and the daily life of the home read as one continuous experience.”
The heart of the estate is its seamless transition from the indoor living areas to an expansive outdoor oasis, making it a premier destination for upscale entertaining. The resort-style exterior is anchored by a tropical heated pool and spa, framed by a backdrop of mature, lush greenery. For outdoor dining and hosting, the property features both a covered summer kitchen and a dedicated outdoor kitchen cabana.
Inside, the home delivers an array of premium, lifestyle-driven amenities that cater to modern luxury demands. Health and wellness are prioritized with a private, fully equipped home gym, while indoor leisure is elevated by a custom-designed movie theater. The property also features a detached private guest house, providing versatile, high-end accommodations for visitors.
Founded in 2009 by Pascal Nicolai, Sabal Development is a Miami-based firm specializing in ground-up luxury residential development across Miami-Dade, Broward, and Palm Beach counties. It operates in full vertical integration with its construction arm, Sabal Luxury Builder, delivering bespoke, ultra-luxury residences from land acquisition through design, construction, and final furnishing. Known for exceptional quality and principal-led oversight of every project, the Sabal organization builds from Miami and Coconut Grove to Fort Lauderdale, Boca Raton, and Palm Beach.
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Check Out Sabal Development's Newly Revealed Tropical Modern Coconut Grove Spec Home Asking $24.9 Million
Sabal Development and Sabal Luxury Builder, led by Pascal Nicolai, have revealed their newly listed tropical modern spec home asking asking $24,900,000 in the hot of Miami’s hot Coconut Grove neighborhood.
Sabal Development and Sabal Luxury Builder, led by Pascal Nicolai, have revealed their newly listed tropical modern spec home asking asking $24,900,000 in the hot of Miami’s hot Coconut Grove neighborhood. The 8,833 SF home offers 6 bedrooms and 8 bathrooms on a .84 acre lot. The contemporary masterpiece features soaring ceilings and light-filled interiors, every room offers a sense of spaciousness and elegance. The seamless flow from the indoors to the expansive outdoor living area creates an entertainer’s dream—complete with a covered summer kitchen and a tropical heated pool and spa, surrounded by the lush greenery of nature’s finest backdrop. Featuring a private guest house, a fully equipped gym, a movie theater, and an outdoor kitchen cabana. Blending luxury, comfort, and nature, this one-of-a-kind Coconut Grove home has everything you need to entertain in stye.
4040 Kiaora St, Miami, FL 33133 is listed for $24,900,000 with Lourdes Alatriste of Douglas Elliman.
Images via Sabal Development
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