The $159 Million Playa Vista Isle Sells At Auction To Teavana Co-Founder Andrew Mack For $42.5 Million

Teavana co-founder Andrew Mack has purchased Playa Vista Isle for a massively discounted $42.5 million. The Versailles-inspired estate in Hillsboro Beach made headlines when it hit auction in November after being listed for $139 million in 2014 and raising to $159 million in 205 before being delisted in 2016. Playa Vista Isle is a Neoclassical work of art that is spread out on five acres on one of the highest points of Florida's "Millionaires Mile," and was one of the most expensive real estate listings in the country. The estate was auctioned without reserve at a live auction on November 15, 2019 via Concierge Auctions in cooperation with ONE Sotheby's International Realty and the $42.5 million does not include the buyer’s premium. The auction received attention from 11 bidders before Andrew and Nancy Mack won with the highest bid which is the most expensive residential sale ever to close in Broward County as well as the most expensive to close in 2018. Playa Vista Isle was developed by Robert Pereira, previously called Le Palais Royal, with construction costs in excess of $100 million.

Sean Murphy of Coastal Construction has previously stated, “Our client not only wanted a house with world-class finishes, he wanted a house built to last generations. At every stage of construction, no expense was spared. A house this size with the same spare-no-expense approach, ultra-high-end finishes, and over-the-top unique features like an IMAX theater, could easily have construction costs in excess of $100 million for the building itself.”

The estate was completed in 2018 and ideally located in Hillsboro Beach, which is midway between the metropolitan areas of Miami and Palm Beach, Playa Vista Isle is the only Ocean-to-lntracoastal Waterway estate on the entire Gold Coast to offer both 500± feet of private oceanfront beach as well as two deep-water docks. Play Vista Isles spans 58,000 SF with 11 bedrooms and 22 bathrooms matched with world class amenities including the world's first private 3D-IMAX© in-home theater, a 20-car garage with secure tunnel access, 3,000± bottle wine cellar with individually-controlled temperature and humidity secured by biometric access with an adjacent tasting room, 4,500-square-foot heated infinity edge pool, a Jacuzzi perched 40 feet above the ocean featuring unobstructed panoramic views of the horizon, 13 water features including six waterfalls, and a putting green. The property was carefully constructed using hand-selected finishes from around the globe highlighted with 22-karat gold leaf gilding.

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Concierge Auctions and ONE Sotheby’s International Realty to Sell $159 Million Florida Estate Without Reserve

Playa Vista Isle, a Neoclassical work of art, is spread out on five acres on one of the highest points of Florida's "Millionaires Mile," and is one of the most expensive real estate listings in the country at $159 million. The unique estate will sell Without Reserve at a live auction on November 15th via Concierge Auctions in cooperation with ONE Sotheby's International Realty.

Completed in 2018 and ideally located in Hillsboro Beach, which is midway between the metropolitan areas of Miami and Palm Beach, Playa Vista Isle is the only Ocean-to-lntracoastal Waterway estate on the entire Gold Coast to offer both 500± feet of private oceanfront beach as well as two deep-water docks.

With 11 bedrooms and 22 bathrooms, Playa Vista Isle's amenities include: the world's first private 3D-IMAX© in-home theater, a 20-car garage with secure tunnel access, 3,000± bottle wine cellar with individually-controlled temperature and humidity secured by biometric access with an adjacent tasting room, 4,500-square-foot heated infinity edge pool, a Jacuzzi perched 40 feet above the ocean featuring unobstructed panoramic views of the horizon, 13 water features including six waterfalls, and a putting green.

These unique features, among many others, establish Playa Vista Isle as oen of the most unique, premier properties in the entire country. Encompassing more than 58,000-square-feet, the property was carefully constructed using hand-selected finishes from around the globe highlighted with 22-karat gold leaf gilding. Playa Vista Isle was awarded the "World's Best Property”, “Best Residential Property-Florida”, and “Best Architecture Single Residence-Florida" by the International Property Awards.

Sean Murphy of Coastal Construction states, “Our client not only wanted a house with world-class finishes, he wanted a house built to last generations. At every stage of construction, no expense was spared. A house this size with the same spare-no-expense approach, ultra-high-end finishes, and over-the-top unique features like an IMAX theater, could easily have construction costs in excess of $100 million for the building itself.”

The property is a piece of structural art that cannot be replicated, which makes it very difficult to value and lends itself well to the Concierge Auctions platform.

Article by: Stephanie Warren

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$65 Million Star Island Mansion Originally Built By Carl Fisher Heads To Auction January 31

The $65 million Star Island mansion that was previously held the title of being the most expensive property for sale in Miami will be heading to auction without reserve on January 31 after a month long marketing period. The auction will be conducted by Concierge Auctions in cooperation with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby's International Realty. The legendary cul-du-sac, located at 46 Star Island, was originally built by the "founder" of Miami Beach Carl Fisher and features 10 bedrooms, 12 bathrooms with over 18,356 SF of living area. The estate was completely renovated in 2016 keeping the classic Mediterranean design with modern features such as a new kitchen and updated living areas. Luxurious features and finishes cover every inch of the property such as a large, ornate living room with vaulted ceiling; clerestory and arched casement windows, 3,000-bottle wine cellar, billiard room with wet bar, gym, office, staff quarters, sun room, formal dining room, guest quarters, and a massive chef's kitchen. Outside features over 250' of waterfront complete with lounge areas, exotic landscaping, resort style pool with cabana, and 2 private docks on of which with has a boat lift, all offering stunning views of Biscayne Bay and Monument Island. The auction will be held on January 31 without reserve. 

Photos by Alex Tarajano Photo