The former site of Al Capone’s longtime Miami Beach estate has traded for $21 million, marking the latest chapter for one of the city’s most historically recognizable residential properties. Located at 93 Palm Avenue on Palm Island, the now-vacant waterfront property features 100 feet of frontage on Biscayne Bay. The site was previously home to the sprawling estate once owned by the notorious Prohibition-era crime boss before the residence was demolished in 2023.
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Waterfront Estate on Hibiscus Island Sells For $51.5 Million Setting New Record on Miami Beach's Palm and Hibiscus Island
A waterfront estate at 270 S. Hibiscus Drive has sold for $51.5 million, setting new records for both sale price and price per square foot on Miami Beach's guard-gated Hibiscus and Palm Islands. The transaction surpassed the previous record sale of approximately $40 million, despite that property encompassing a larger residence on a larger lot.
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Winston Capital Affiliate Acquires Bay Harbor Islands Waterfront Homesite For $18 Million
An affiliate of David Burstyn's Winston Capital Management has acquired a premier waterfront homesite in Bay Harbor Islands for $18 million, marking a record land sale in the island community. Property records show Winston Bay Harbor purchased the nearly half-acre parcel at 10312 West Broadview Drive from a family trust in an off-market transaction that closed this week. The sale agreement, signed by trustee Noah Burton, was recorded in May.
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PROFILEmiami Co-Founder Demetri Demascus, Pascal Nicolai (Sabal Development), Lourdes Alatriste (Douglas Elliman), Zach Simkins (Vaster Mortgage), Jose Boschetti Jr. (Boschetti Group)
Inside The 2nd Annual PROFILEmiami Spec Home & Ultra Luxury Real Estate Summit 2025
The 2nd Annual PROFILEmiami Spec Home & Ultra-Luxury Real Estate Summit, held last week at the state-of-the-art Lighting Loft in Midtown Miami in partnership with LUC Electric and Tidelli, was a resounding success—bringing together more than 150 of South Florida’s most influential developers, financiers, brokers, architects, designers, and luxury service providers for an evening defined by insight, connection, and elevated dialogue.
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Josh Flagg Lists Reimagined Mediterranean Villa on Miami Beach's Exclusive North Bay Road For $10 Million With Jordan Karp LLC
Flagg Family Capital, in partnership with Carolwood LP, has officially listed its newly rebuilt Mediterranean villa on North Bay Road for $10 million with Jordan Karp LLC, marking one of the most compelling non-waterfront offerings to hit Miami Beach this season.
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Sunset Harbour Office Depot Property Sells for $28.5 Million Overseen by Jordan Karp and Avenue Real Estate Partners, Underscoring Miami Beach’s Commercial Real Estate Strength
A prime commercial property in Miami Beach’s Sunset Harbour neighborhood has traded for $28.5 million, signaling continued investment momentum in one of the city’s most desirable enclaves. The 19,672-square-foot Office Depot building, situated on a 25,000-square-foot lot, was acquired by a private investor.
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James Curnin Sells His La Gorce Island Waterfront Mansion For Miami Beach Single Family Price Per Square Foot Record $60 Million In Off Market Deal
Real estate developer James Curnin and his wife Jennifer have sold their stunning waterfront mansion on La Gorce Island in Miami Beach for a record setting $60 million. The sale establishes a new record for the price per square foot of single-family homes in the Miami Beach area, soaring to $6,224 PSF.
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Karlton Companies Sells Allison Island Spec Home For Record $31.5 Million In Miami Beach
In a landmark transaction that has set a new benchmark for real estate on Allison Island, Karlton Companies has sold a stunning waterfront spec-mansion which was completed last year for $31.5 million, eclipsing previous records in Miami Beach.
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