Sabal Development Sells Newly Constructed Luxury Waterfront Apartment Building On Miami Beach's Isle of Normandy For $13.5 Million

The Miami-based Sabal Development has sold a modern 5-story luxury residential apartment building they recently developed on Miami Beach’s Isle of Normandy for $13.5 million. Located at 1930 Bay Drive, Miami Beach, the newly-constructed building offers stunning waterfront views of Biscayne Bay.

Dora Puig of The Dora Puig Team represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. The buyers were Jason and Amanda D’Herin.

The building features four elegant apartments with expansive floor plans, starting at 2,551 square feet of living space. Each apartment offers three bedrooms, three bathrooms, and one half-bathroom. Open views of Biscayne Bay permeate each residence’s principal suite through floor-to-ceiling windows.

Reflecting the chic outdoor Miami lifestyle, each residence features a delightfully finished rooftop deck complete with a wet bar, in addition to spacious terraces. The building features a ground level garage, as well as a relaxing outdoor pool.

“We are very pleased to close on this exquisite waterfront apartment building on the stylish Isle of Normandy for $13.5 million,” said Nicolai. “It provides stylish, contemporary residences for those who love the best of Miami: sun, water and an urban setting.”

Sabal Development has made a name for themselves as a vertically integrated developer and builder with over $130 million in luxury custom-built home sales in 2021. Led by Pascal Nicolai, who has more than 30 years of experience in the industry with completed projects in Europe and the U.S., Sabal Development is currently developing a modern office/ retail mixed use commercial building on Alton Road in Miami Beach and has developed a large portfolio of luxury properties including several homes on Palm Island and the Venetian Islands as well as Miami Beach and Palm Beach.

$15.5 Million Waterfront Spec Home Sale Sets Record On Normandy Isle

A waterfront spec home on Normandy Isles has sold for $15.5 million, setting a record for the priciest home sale ever in Normandy Isle. Located at 2608 Biarritz Dr, Miami Beach, the seller was represented by Nelson Gonzalez with BHHS EWM Realty, while the undisclosed buyer was represented by Andre Duek, Carolina Lara & Camila Paiva with ONE Sotheby's International Realty.

The new modern waterfront with a western exposure and views of Biscayne Bay sits on a 12,052 SF bayfront lot across Normandy Shores Golf Club. The home features 6 beds and 6.5 baths as well as soaring ceilings, gourmet kitchen, media room, elevator, ELAN smart control system, floating glass staircase, and a waterfront master suite with a private terrace, walk-in closet, and luxe bath. The Backyard is equipped with a covered patio for dining and lounging, pool, and a pier dock with a boat lift with 73’ of water frontage.

Lil Pump Drops $4.6 Million On LF Development's 1510 Bay Drive On Miami Beach

Rapper Lil Pump has dropped $4.89 million on LF Development’s project at 1510 Bay Dr. Miami Beach, FL which was completed in April and listed with Luis Dominguez and Karl Hueck of Douglas Elliman. According to the deed filed last Wednesday, Gazzy Garcia also known as rapper “Lil Pump” known for his “Gucci Gang” song is the buyer of the Miami Beach home represented by Luisa Taylor of The Agency Collective. LF Development is the same development company behind the Miami Beach property sold to Hassan Whiteside of the Miami Heat.

Located on Bay Drive in Miami Beach the 5,100 SF home features 5 bedrooms and 7bathrooms overlooking Biscayne bay views and includes a 3rd floor rooftop terrace with sunset views located on Normandy Island. The home features luxurious textures, exceptional finishes and one-of a-kind design bringing soul to the open living space. Outside offers a a completed automated LED lit pool and spa with stunning landscaping inspired by Raymond Jungles.