New Construction Home in Miami's Bay Point Neighborhood Sells For Record-Setting $27.25 Million

Casa Moderne, a newly completed waterfront residence at 790 Lake Road in Miami's exclusive Bay Point neighborhood, has sold for a record $27.25 million. The transaction establishes a new record-setting canal-front price per square foot in Bay Point at $4,284 per square foot, reflecting not only the continued demand for luxury waterfront real estate in Miami, but also how the luxury buyer relocating to the area today is fundamentally different from the buyer from a decade ago. Today’s buyers are not looking for a project—they are looking for certainty. They want exceptional architecture, thoughtful design and a home they can enjoy immediately as their most valuable currency is time.

The transaction was overseen by Ana Teresa Rodriguez, founder and CEO of ATR Luxury Homes Group at Coldwell Banker Realty who listed the property. The buyer was represented by Cyril Matz with Douglas Elliman.

Offered fully furnished, the six-bedroom Casa Moderne includes seven full bathrooms and one powder room and spans 6,361 square feet on a 13,532-square-foot waterfront lot. The move-in ready residence features Bay Point's only grandfathered rooftop terrace with panoramic 360-degree views of Biscayne Bay and the Miami skyline, along with custom millwork, a private dock, an infinity-edge pool with spa, chef's kitchen, elevator, air-conditioned garage and designer furnishings by Minotti and Fendi.

The sale is a testament to a significant appreciation in the property's value over time. Originally acquired in 1976 for approximately $125,000, the property was purchased in 2012 by Adonel Concrete CEO Luis García for $1.9 million as his personal residence. In 2016, García offered the property for sale either as an existing residence for $9.98 million or as a redevelopment opportunity with approved plans for approximately $15 million.

After reassessing the long-term potential of the site, García decided to take the listing off the market, demolish the existing home and pursue a full ground-up redevelopment. The new home was envisioned and creatively directed by ATR Concepts, a division of ATR Luxury Homes Group.

Today, the sale of Casa Moderne for $27.25 million underscores the considerable increase in value of premier waterfront real estate in Miami due to the continued migration of wealth to South Florida following COVID and the impact of Florida’s tax advantages. It is also an indication of the strength of Miami's ultra-luxury residential market, where turnkey waterfront properties attract strong buyer demand.

Located in the gated Bay Point neighborhood, Casa Moderne sits on a private waterfront cul-de-sac just moments from Biscayne Bay and offers convenient access to the Miami Design District, Wynwood, Edgewater, Brickell, Miami Beach, Miami International Airport and several of Miami's top private schools. Bay Point, one of Miami’s best-kept secrets, quietly offers something incredibly rare: a private community of approximately 250 homes, owned and operated by its homeowners, with exceptional security, privacy, and one of the most central waterfront locations in the city.

“What was once considered an undervalued hidden gem has evolved into one of South Florida's most sought-after luxury communities,” said Rodriguez. “Buyers today increasingly recognize what longtime residents and investors understood years ago. Bay Point offers an extraordinary combination of exclusivity, privacy, security and accessibility. It now belongs in the same conversation as South Florida’s most exclusive private enclaves.”

“I believed in Bay Point long before it became one of Miami’s most sought-after luxury communities,” said García. “What attracted me from the beginning was its privacy, security, waterfront lifestyle, and central location. I always felt the market would eventually recognize what made this neighborhood so special.”

Images via Unihouse Production

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Related Group's Casa Bella Residences by B&B Italia Sets Record Price Per Square Foot With $12.6 Million Penthouse Contract

Miami-based real estate developer Related Group and partner Alta Developers have signed a contract for a 54th-floor, 5,893-square-foot triplex penthouse at Casa Bella Residences by B&B Italia for $12.6 million, or $2,138 per square foot, signifying what will be the most expensive condominium sale on a price-per-square-foot basis in Downtown Miami’s highly desirable Arts and Cultural District. Casa Bella Residences by B&B Italia has achieved nearly $50 million in signed contracts over the past 60 days. Fortune International Realty is the building’s exclusive sales and marketing agent with a sales team led by Olga Monson. Maribele Faura of Coldwell Banker represented the buyer in the penthouse sale. Demolition of the Casa Bella site is underway with the groundbreaking anticipated for Summer 2023.

“Related takes pride in creating exceptional residential properties that stand out from the rest. Casa Bella exemplifies this philosophy with two defining features: an unbeatable location in the heart of Miami’s city center, and an elegant Italian-inspired design envisioned by B&B Italia’s very own Piero Lissoni,” says Nick Pérez, President of Related’s Condominium Division. “The recent surge in sales activity is a testament to the major appeal this project has among buyers who recognize its inherent design quality, as well as the remarkable benefits associated with the burgeoning growth of Downtown Miami’s urban core.”

Casa Bella represents the first residential partnership for the famed Italian design house, B&B Italia, known around the world for its high-end collaborations with legacy brands such as Rolex, Hermès and Rolls-Royce. With architecture by Arquitectonica and interiors by renowned designer Piero Lissoni — who also serves as creative director for B&B Italia — and the B&B Italia team, every aspect of the building is envisioned as an oasis, offering a refined Miami aesthetic rooted in contemporary Italian design.

The 56-story tower offers 317 residences ranging from one to four bedrooms, all of which feature soaring ceilings, sweeping views, private elevator access, state-of-the-art kitchens with Sub-Zero and Wolf appliances and an exquisite selection of European-fixtures. Casa Bella’s Penthouse Collection comprises 10 exquisitely-designed homes with seven distinct floor plans, the crown jewel of which is a pair of 54th-floor triplex residences with private rooftop terraces, each featuring spa pools and indoor/outdoor summer kitchens with stunning water views. Of these two penthouses, the remaining triplex is available for $12.3 million. The 54th-floor is also home to two outstanding duplex penthouses, spanning 4,100 and 4,560 square feet and priced between $8 million and $10 million.

To further elevate the residential experience, Casa Bella offers two full floors of amenities, complete with spaces overlooking Biscayne Bay. These spaces range from a spacious party room to a wine vault and tasting lounge, as well as a top-of-the-line private theater and co-working spaces. A world-class Wellness Center caters to fitness-minded residents, featuring professional-level equipment, as well as dedicated yoga and spin rooms, while the spa facilities offer an array of on-demand services including massages, facials, blowouts and manicure/pedicures.

Outdoors, landscape architect Enzo Enea envisioned a pool deck with lush Italian-inspired gardens to create an oasis within Downtown Miami. The 80-foot lap pool is surrounded by private cabanas and shaded lounge areas, as well as an open-air lawn for yoga and meditation. A poolside bar and Mediterranean café will have light bites and refreshments on offer. On the 56th floor, residents can access the tower’s rooftop pool and terrace, which is complete with a state-of-the-art observatory.

A personal concierge is available to assist residents on or offsite. Services include housekeeping, grocery shopping and delivery, dry cleaning and laundry, nanny and childcare, overnight shoe-shining, pet care services and personal tech support. For added ease, residents will have the opportunity to work directly with B&B Italia’s celebrated designers to outfit their units. B&B Italia will offer move-in-ready packages with furnishings and décor for each floor plan type. There is also the opportunity for buyers and designers to personalize their units using pieces from B&B Italia collections.

Located at 1400 Biscayne, Casa Bella offers a prime location in the Arts and Cultural District, which is coming into its own as the heart of Miami’s “New Downtown.” The property offers buyers ease of access to nearby hotspots such as the Pérez Art Museum Miami, Frost Museum of Science, the Adrienne Arsht Center for the Performing Arts and Keseya Center.

Images via Related Group

Check Out This New Construction Tropical Modern Bay Harbor Islands Spec Home Designed By Choeff Levy Fischman Which Just Listed For $25 Million

A waterfront spec home developed by Gamma Construction at 9530 W Broadview Dr., Bay Harbor Islands has hit the market for $25 million. One of the few new construction homes of its kind on the South Florida market, the total 9,000-square-foot estate is listed by Jill Hertzberg, Jill Eber and Danny Hertzberg of The Jills Zeder Group, affiliated with Coldwell Banker Realty. The tropical modern 2-story home features architecture by Choeff Levy Fischman and interiors by Caterina Badiello of CBDesign.

The estate features six bedrooms with fully-equipped walk-in closets, eight bathrooms, and two half-bathrooms. With 8,548 square feet of interior living space, it boasts unique open water views of Biscayne Bay and Indian Creek Lake, as well as stunning panoramas of Indian Creek golf course.

With an exclusive address on Bay Harbor Islands, this breathtaking estate features 80 feet of waterfront and a private 500-square-foot wood finish dock. It’s only five minutes to open ocean, via direct access with no bridges.

“Not only is this estate defined by its distinctive design and upscale appointments, but it offers a fantastic luxury waterfront lifestyle,” said Danny Hertzberg of The Jills Zeder Group. “With 80 feet of waterfront, a superb private dock and direct ocean access, it is perfect for the luxury buyer seeking the beauty and excitement of oceanside living.”

The home features modern yet functional design, the fully furnished home was built with the highest standards in construction, and offers exceptional craftsmanship, equipment, and interior design. With 10-foot floor-to-ceiling internal heights on both floors, it features full impact floor-to-ceiling windows and doors, and 10-foot frameless and hingeless wood doors.

All walls are “floating” with black aluminum and exotic finishes, revealing no baseboards, and include all mudded-in fixtures. Flooring is comprised of natural herringbone wood and marble/porcelain. Finished in natural wood, the floating concrete embedded metal main staircase features glass handrails between wood cladding walls.

Ideal for entertaining, the estate features two full high-end kitchens, professionally equipped with Sub-Zero and Wolf gas and electric appliances. In addition, a morning/breakfast pantry is situated on the second floor. Other features include two family rooms, formal dining area, elevator, wine room, gym, and two full laundries. It includes a 2-car garage, home automation with Lutron lighting, shades/curtains, all-around audio by Sonos, security alarm, phone/intercom, full Internet repeaters, and CCTV systems.

Outdoors offers a heated infinity edge pool and spa along with a summer kitchen and dining area to enjoy the upscale South Florida lifestyle.

For resiliency to the elements, the home is designed as an all-concrete bunker structure, with the home’s main slab finished floor approximately 10 feet over mean sea level, and the elevated 4-foot-plus sea wall and lot is surrounded by structural 5-foot retention walls.

Images and video via 1OAK Studios

30 Palm Avenue On Miami Beach's Famed Palm Island Hits The Market For $43 Million

A contemporary estate located at 30 Palm Ave. on Miami Beach’s famed Palm Island has hit the market for $43 million. Magnificently redesigned, the 2-story waterfront estate on guard-gated Palm Island is situated on a manicured 32,000-square-foot lot, offering 100 feet of sparkling waterfront on Biscayne Bay. The 13,144-square-foot bright and airy gated residence features nine bedrooms (including two staff rooms), eight bathrooms, and one half-bathroom. The residence is being sold furnished and is listed with Jill Eber and Jill Hertzberg of The Jills Zeder Group, affiliated with Coldwell Banker Realty in Florida.

“This stunning modern waterfront home located in the prestigious estate section of guard-gated Palm Island is ideal for a family or couple wanting incredible amenities as well as an amazing estate-sized lot,” said Jill Eber of The Jills Zeder Group. “The property’s southern exposure provides natural light to flow through tall walls of glass into the home to enjoy true indoor-outdoor, luxury living at its finest.”

30 Palm Ave. features distinctive features include large plank rich hardwood floors, an interior elevator, pet room, full waterfront gym, movie theater with 11 comfortable leather recliners and a 132” projection screen, and an additional second-floor family/media room plus waterfront recreation room.

The residence offers an expansive living room and dining area boast soaring ceilings, are separated by a custom-built stone wall for privacy, and lead to a beautiful family room. The gourmet kitchen features a black granite center island, countertops and backsplash; top-of-the-line Wolf gas range, two Sub-Zero refrigerator/freezers, custom cabinetry, a butler’s pantry, and industrial-sized walk-in freezer.

The private second-floor principal suite is surrounded by walls of glass, and features a large private terrace overlooking the pool deck below with views to the water. The principal bathroom boasts exquisite Carrara marble walls and floors, a full walk-in rain shower with dual shower heads, sunken spa tub with water jets, and separate water closets. The additional eight bedrooms are spacious and uniquely designed.

The tropical outdoor area features a large pool with a Jacuzzi, coral stone-paved pool deck, professionally designed landscaping with tropical plants and soaring palms, full outdoor lighting, comfortable covered seating areas, a summer kitchen and capturing views to the downtown skyline. The residence also features a private 100-foot IPE wood dock that can accommodate a large vessel, and direct access to Biscayne Bay and the Atlantic Ocean. The home offers parking space for 12 cars, as well as a 4-car garage.

Located just south of Hibiscus Island, Palm Island is a man-made island in Biscayne Bay. The entire island encompasses 82 acres and offers amazing vistas of the downtown Miami skyline and breathtaking sunset views. It is ideally located just minutes from downtown Miami, Miami Beach and the beaches, fine dining and shops, cultural venues, the Design District, prestigious schools and Miami International Airport.

“Palm Island is one the most sought-after residential locations in South Florida,” said Jill Hertzberg of The Jills Zeder Group. “Embodying the pinnacle of South Florida waterfront luxury living, this exclusive island beckons with breathtaking views and proximity to the best attractions and schools Miami has to offer.”

Images via 1OAK Studios

Tour Marrying Millions Star Bill Hutchinson's Pink Miami Coconut Grove Castle Which Just Sold For $10 Million

“Marrying Millions” star Bill Hutchinson has sold his pink Miami waterfront castle in Miami’s hot Coconut Grove neighborhood for $10 million. The home was initially listed for $8.2 million before agents Chad Carroll and Matthew Dugow raised the price to $10.95 million. Bill Hutchinson was represented by Chad Carroll and Matthew Dugow with The Carroll Group at Compass and the buyers were represented by Meredith Zeder with The Jills Zeder Group at Coldwell Banker Realty. Hutchinson had acquired the property for $5.6 million in 2016.

The Castle-like mansion was built in 2009 and offers 6 bedrooms and 7 bathrooms spread over 12,000 SF of living space. The custom built home features Gothic architecture and contemporary finishes with a great hall, 30 foot vaulted ceilings, stone fireplaces, antique stained glass windows, French cast bronze chandeliers, Jerusalem stone floors, Cast stone window tracery, a gourmet chef's kitchen with La Cornue stove, elevator, and a rooftop sun deck. Outdoors the home features 65-feet of water frontage, a keystone-edged infinity pool, elevator, rooftop sundeck, and cement dock.

Hutchinson was the founder of real estate investment firm Dunhill Partners and appeared on both seasons of “Marrying Millions” on Lifetime. He was arrested this summer for alleged sexual assault and rape of two teenagers in Orange County, CA in which he pled not guilty and was recently sued in Texas for sexual assault. The cases are on-going.

Coconut Grove has seen intense demand among real estate buyers recently for homes and ultra-luxury real estate as new restaurants, retail and lifestyle attractions open and are announced regularly. 3503 Main Lodge Drive in Camp Biscayne just sold for $19 million the same week Related Group's Jorge Pérez sold his waterfront Coconut Grove estate for $33 million to a cannabis executive. 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. Jorge Mas sold his waterfront home known as Casa Bahia at 3085 Munroe Drive for $45.91 million and in June 2021 private equity investor Nathan Leight of Terrapin Partners sold 3500 and 3535 Curtis Lane for $48 million.

Images via The Chad Carroll Group

MLB Player's Mansion Designed By Choeff Levy Fischman Is Listed On The Market For $8.9 Million

MLB Player Asdrúbal Cabrera’s Tropical Modern Mansion Designed by Choeff Levy Fischman is on the Market for $8.9 Million. The recently completed home is located in Southwest Ranches within the exclusive Landmark Ranch Estates. Asdrúbal Cabrera is a two-time All-Star and infielder for the Washington Nationals.

According to Paul Fischman, Principal of Choeff Levy Fischman, the home is very unique and the only home built with a Tropical Modern aesthetic in the neighborhood. The indoor-outdoor living offers beautiful views of the sunset and the neighboring nature preserve. The home is two-stories and 10,313 sq.ft. that features seven bedrooms and sits on a 2.69-acre lot. The home also has a full dining room, living room, game room complete with bar and pool table, a theater and Savant smart home automation. The upstairs includes a master suite complete with large balcony along with an upstairs lounge area to watch TV or work from home. The outside features an infinity pool, cabana with summer kitchen, sunken fire pit and a basketball court.  

“We thoroughly enjoyed helping to create this architectural masterpiece with the architect, builder and designer,” Cabrera said. “Our priorities have shifted. Our family is focused on an equestrian lifestyle, which is the reason we are parting with this stunning home. Our hope is that new owners will fall in love with the grandeur and high design that this showpiece home has to offer.”

Asdrúbal Cabrera’s home is Choeff Levy Fischman’s first residence in Southwest Ranches and is located at 17000 Stratford Court in Broward County. Giselle Bonetti of Coldwell Banker Realty is the listing broker. Interiors were provided by B+G Designs and landscaping was done by Christopher Cawley Landscape Architecture. The home was constructed by Rick Bell of Landmark Custom Homes.

Douglas Elliman Enters Into Jacksonville With Top Producing Agents

Douglas Elliman expanded into Jacksonville’s Ponte Vedra Beach with the addition of the top producing agents of North East Florida, Kim Martin-Fisher and Jennifer Martin Faulkner. Jennifer and Kim has previously worked with Coldwell Banker and sold over $230 million with multiple record-breaking sales since 2019. Both are very knowledgeable of some of the most prestigious neighborhoods in St. Johns and Duval Counties. The agents will focus on these neighborhoods including Ponte Vedra Beach, Nocatee, Jacksonville Beach, Neptune Beach, Atlantic Beach, Vilano Beach and beyond. 

“Kim and Jennifer exemplify the exact qualities we strive to promote at Douglas Elliman, and we are honored to have them join the brokerage as we continue to expand our presence in key Florida markets,” said Jay Phillip Parker, Chief Executive Officer of Douglas Elliman Florida.

"Since 1996 I have experienced a rapid evolution of the Ponte Vedra Beach lifestyle, from fine dining to world class beaches coupled with some of the best real estate in North East Florida – Jacksonville has been attracting buyers from all over the globe,” said, Kim Martin-Fisher.

Kim and Jennifer have been ranked in the top one percent of Coldwell Banker Vanguard Realty’s top agents since 2013, and also have produced the top sales volume. Jacksonville Business Journal recently named Kim and Jennifer the number one sales team by sales volume for 2020, totaling $105.81 million in closed transactions. The team has over 45 years of combined real estate experience and bring 14 active listings to Elliman, totaling over $34 million throughout the Jacksonville area. 

“As a nationally recognized market, our decision to join Douglas Elliman was based on the strength of the brand on a global scale and the impressive platforms offered in order to effectively market properties around the world, which will ultimately bring greater awareness to the multiple luxury real estate markets we service throughout the North East,” added, Jennifer Martin Faulkner.  

Douglas Elliman is one of the largest independent residential real estate brokerages in the United States. Elliman plans to open an office in Ponte Vedra Beach in the near future to continue expansion across the state of Florida.  

Star Island Heats Up As Alex Rodriguez, Jennifer Lopez and Ken Griffin Acquire Multimillion-Dollar Properties

Ultra-luxury real estate on Star Island is heating up amid the COVID-19 pandemic. Celebrity power couple Alex Rodriguez and Jennifer Lopez have acquired 13 Star Island Drive for $32.5 million and Ken Griffin, the billionaire hedge-fund manager and founder of the Chicago-based Citadel Securities, has acquired 11 and 12 Star Island Drive for $37 million. A 6-bedroom, 14,268 SF estate located at 14 Star Island Drive has also closed for $24 million.

Rodriguez and Lopez’s new home spans 10-bedrooms, spread over 15,011 SF with over 100’ of water frontage. The lavish mansion also features a chef’s kitchen, wine room, luxurious master bedroom with bay views, pool, spa, cabana with summer kitchen, wet bar and dock. E&A Estates was the seller, represented by Jill Hertzberg and Jill Eber of the Jills Zeder Group at Coldwell Banker. Arlene Susy Dunand of Coldwell Banker represented the buyer.

An entity tied to Ken Griffin acquired a double lot with views of Downtown Miami at 11 and 12 Star Island Drive in an off-market deal. Griffin has also spent roughly $350 million acquiring an assemblage on Blossom Way in nearby Palm Beach.

These sales follow the sale of 22 Star Island for $49.5 million in July. The home was developed by Todd Michael Glaser, designed by DOMO Architecture + Design with interiors by Dunagan Diverio Design Group. The neighboring 46 Star Island is currently listed for $39,950,000 with Dora Puig of Luxe Living Realty.

Extortion & MLS Manipulation: Inside Kevin Tomlinson Vs. The Jills Legal Battle

The drama has now wrapped up in a high-profile legal drama between real estate broker big-wigs Kevin Tomlinson of ONE Sotheby's International Realty vs. The Jills of Coldwell Banker, led by Jill Eber and Jill Hertzberg. While the legal proceedings have wrapped up, this is a case where there are no winners. Tomlinson was sentenced in August 2018 to an extended period of probation and has been banned from the real estate industry after being convicted on 2 counts of extortion. Tomlinson had threatened to expose The Jills for manipulation of Multiple Listing Service (MLS) property sales data unless they paid him $800,000 to keep quiet. Tomlinson will now endure 2 years of probation with an ankle monitor followed by an additional 15 years of probation. Tomlinson had faced 30 years in jail for his actions.

In the Tomlinson vs. The Jills case, The Jills took full responsibility for the manipulation, pinning the actions on a rogue employee, Juan Carlos Otoya, and claiming that they were unaware and don't use the MLS. The Jills had manipulated listings on the MLS 552 times between 2011 and 2015, erasing 23,740 days on market from the firm's listings sales velocity on over $372 million worth of property. Tomlinson had filed a complaint with the Miami Association of Realtors in regards to The Jill's inflated sales data. Despite the admission, neither Otoya nor The Jills have been punished or further investigated and it is believed that the drama behind the Tomlinson extortion case has overshadowed the MLS manipulation complaint. 

Unexplored in the court proceedings, should The Jills have known of the manipulation, using the manipulated data to secure listings could constitute as fraud, defined "as the the wrongful or criminal deception intended to result in financial or personal gain." While the manipulation of MLS data can make a realtor look good to prospective clients, both buyers and sellers alike, the manipulation of MLS data can also effect everything down the line in the real estate industry such as home appraisal value, mortgages, and the accuracy of comparable sales data, which can be used from everything previously mentioned to an buyer's fair ability to make the proper choice of property and offer price based on data backed to be accurate. Additionally, their statements under oath that they were unaware of the manipulation could constitute perjury should they have made any references to the manipulated data previously during either showing, listing appointment or negotiation. There is currently no investigation made public into the matter.  

Check Out This Studio MK-27-Designed Ultra-Luxe Pine Tree Drive Contemporary Asking $25.75 Million

Miami Beach is home to some of the most progressive, contemporary architecture and this masterpiece by Marcio Kogan and Studio MK-27 delivers. Developed by Barry Brodsky of Brodson Construction, the ultra-luxe mansion features raw style including concrete, stone and wood, complete with a 200'-long teak and concrete pedestrian bridge that leads from the ground level to the rooftop terrace. The home also features 6 bedrooms and 9 bathrooms spread over 14,500 SF along with an NBA-size indoor basketball court, chef's kitchen and stunning views of Indian Creek from the living areas and master-bedroom. Outside features a heated saltwater pool and an oversized manmade lagoon. 4567 Pine Tree Drive, Miami Beach is currently listed for $25,750,000 with The Jills of Coldwell Banker Real Estate. 

Photos by Lifestyle Production Group