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

Newly Completed Fort Lauderdale Waterfront Spec Home Sells For Las Olas Isle Record $14.75 Million

South Florida’s residential real estate market is still on the rise and setting records. 6 Pelican Drive, a newly completed waterfront spec home in Fort Lauderdale, just sold for an all-time record-high sales price of $14,752,480 for a home on a canal in the Las Olas Isle Neighborhood. The contemporary home in Seven Isles offers 6 bedrooms and 5 bathrooms spread over 10,350 SF with a rare 120' of Intracoastal waterfront views. The transaction closed at roughly $1,425 PSF with Compass representing both sides of the deal with The Elmes Group representing the sellers and Jamie Boyle representing the buyers.

The ultra-modern home features floor-to-ceiling windows letting in natural bright light throughout the home, a spacious living area, a glass wine wall, a lounge and a gourmet chef's kitchen on the main level. A floating staircase leads to the second floor and with an expansive primary suite that includes an elegant showroom-style custom wardrobe room. The home also features an air-conditioned 4-car garage. The backyard oasis includes a 72' lap pool and a built-in summer kitchen as well as multiple seating areas with water views.

Images via Compass

Coconut Grove Home Breaks The Record For Most Expensive Sale Per Square Foot On A Dry Lot

A non-waterfront home in Miami’s hot Coconut Grove neighborhood at 3467 Moorings Way has just broke the record price per square foot for a non-waterfront residence in Coconut Grove for the second time in a year after selling for $2,345 PSF. The property traded for $14.7 million in an off-market deal after selling for $12.8 million last year.

The lavish residence is located in The Moorings, one of Coconut Grove’s most exclusive enclaves with only 43 residences. The Mediterranean revival villa was originally designed and built in 1929 by Walter De Garmo is authentically designed a restored to perfection. The buyer was represented by Renier Casanova PA with Compass and the seller was represented by Jorge Uribe of One Sotheby's.

The walled and gated classic estate is masterpiece of Mediterranean inspired architecture, surrounded by a landscaped courtyard, garden, and loggia lined patios. The estate is situated on 28,577 square foot point lot with views of Biscayne Bay. The home was restored in 2002 by Portuondo-Perrotti and features 6 bedrooms and 7 bathrooms, spanning 6,200 SF. The interior is designed to the highest standards and updated to assimilate the with organic nature of the estate. The foyer and formal living room feature vaulted beam ceilings with details of stone and glass.

The home also features a formal dining room, lavish bedrooms with en-suite baths and a stunning master suite that exemplifies luxury and sophistication overlooking the private manicured grounds. Outdoors features a 2 car garage, separate guest home and beautifully landscaped gardens with a coral stone pool with landscape design by the award winning Sanchez and Maddux.

Walter De Garmo was prominent architect in Miami and its surrounding South Florida communities in the early 20th century. Several well known buildings designed by De Garmo still stand today including the Woman's Club of Coconut Grove, the 1907 Miami City Hall, the Miami Beach Community Church on Lincoln Road and 27 Star Island.

Images via 1 Oak Studios

Bay Harbor Islands Home Sells For Record $12 Million To Co-Founder of Dreampact Ventures

Real estate records continue to be set all across Miami. The co-founder of venture capital and private equity firm Dreampact Ventures Fued Sadala has purchased 9814 West Broadview Drive in the Bay Harbor Islands for $12 million, a record for a waterfront sale in the neighborhood. The transaction was overseen by Devin Kay of Douglas Elliman, who represented the seller, Orsan Properties and had listed the property for $12.5 million. Orsan Properties is led by Matty Oren and Yaniv Sananes who acquired the property in 2018 for $4 million. The previous record for a waterfront sale on the Bay Harbor Islands was held by 9540 West Broadview Drive which sold for $11.5 million in December 2020.

9814 W Broadview Drive offers 8-bedrooms, 9-bathrooms and spans 7,098 SF. The home was built in 2002 and has been fully-renovated with the finest finishes. Inside the residence offers a chef’s kitchen, dining room, home office, and master-suite with a private lounge and double walk-in closets. Outdoors the residence features a pool, spa and new seawall with a 60’ dock.

Images via Douglas Elliman

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Waterfront Coconut Grove Spec Mansion Sells For Record Breaking $65 Million

A waterfront spec mansion which is currently under construction at 3488 Saint Gaudens Road in Coconut Grove has sold for a record $65 million. The sale price includes the cost of completing the home and is the most expensive closed home sale ever in Miami-Dade County. The deed traded for $50 million, but the $65 million sale price includes the cost of completing the home.

The seller was Isaac Perez and the buyer is a Delaware LLC who financed the acquisition with a $20 million mortgage from Maxim Capital Group. Jorge Uribe of ONE Sotheby’s International Realty represented the seller and Oren Alexander of The Alexander Team at Douglas Elliman represented the buyer.

3488 Saint Gaudens Road was designed by Pacheco Martinez & Associates. The estate spans 4.3 acres which Perez acquired for roughly $24.2 million. He purchased the first three lots in the assemblage for $18 million in 2013 and later added a fourth parcel for $6.2 million in 2020.

Coconut Grove has been a hot neighborhood for ultra-luxury real estate deals. 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. Related Group’s founder Jorge Pérez recently listed his waterfront home for $33 million.

The record for most expensive home sale in Miami-Dade County was previously held by 3 Indian Creek Island Road which traded for $49.9 million in 2019.

Images via Pacheco-Martinez & Associates

Tour A Record Breaking West Palm Beach Waterfront Estate Which Just Sold For $15.057 Million

Steve Bendat of Aquantis Group has once again broken the record for most expensive single family home sale in West Palm Beach after his project at 6717 S Flagler Dr closed for $15.057 million. The record breaking sale comes just over two years after Bendat first broke the record with his project at 2914 Washington Road, which sold in May 2019 for $11.5 million. 6717 S Flagler Dr was listed in May 2020 as the most expensive home in West Palm Beach to ever hit the market, priced at $17,750,000 with Burt Minkoff of Douglas Elliman. The price was reduced to $16,750,000 and went into contract within 30 days of the reduction. Chris Leavitt of Douglas Elliman represented the buyer in the transaction which closed on July 8, 2021.

Designed by developer Steve Bendat and architect David Lawrence, 6717 S Flagler Dr is an estate compound that maximizes the tropical nature of South Florida, overlooking the spectacular Intracoastal with views of the ocean. The home has the feature to run completely on solar power energy with electrical service tied to a solar panels that are capable of net zero metering.

6717 S Flagler Dr spans 15,000 SF spread over three-stories. The home features an interior “floating” glass staircase, an outdoor stainless-steel circular staircase, an all-glass indoor elevator with back-lit onyx surround, a commercial exterior elevator, six bedrooms, nine bathrooms, and two powder rooms. There is also a theater room, a dedicated gym, a private guest house, a home office, and a four-car air-conditioned garage.

Other features include the finest finishes such as custom hidden base and door surrounds with a Reglet system throughout, 10 foot solid core doors with Tactus hidden hinges, walnut and lacquer cabinetry, backlit Illuminated stone wine cellar and glass elevator shaft, polished steel, walnut and glass floating staircase, LED ceiling cove lights, even a glass fronted spa overlooking the Intracoastal.

Outdoors features lush landscaping with a pool with jacuzzi, multiple patios over each floor, and a rooftop deck complete with a summer kitchen. The home also features a coveted private dock across S Ocean Blvd. on the Intracoastal Waterway.

The property is uniquely designed to be Hurricane resistant, built with extra-large footers, reinforced steel, poured concrete floors, and concrete-filled block, making the home virtually indestructible and soundproof. The home is also pre-wired with fiber optic cable capable of transmitting 8K video to every room and patio. There’s also a whole house 70Kw generator at the ready in case of emergency. All recessed lighting is the highest end Tech Lighting Element fixtures.

Images via Douglas Elliman

NY Tech Executive Buys Pinecrest Mansion For Record Price, Under Contract In Just 6 Days

A record-breaking sale took place in Pinecrest for a property that was on the market for just 6 days and sold for $5.6 million. 6035 SW 92nd Street is the most expensive resale of a home that is over 10 years old in Pinecrest. The home, dubbed “Magnolia House,” was purchased by Marc and Kerrie Ferrentino who are relocating from New York. Marc is the Chief Strategy Officer of tech company Yext. They were represented by Blair Sonville with Lowell International Realty and Michael Martinez with ONE Sotheby’s International Realty represented the seller, Matthew Adler, who is a prominent real estate developer.

Magnolia House was designed by architect Cesar Molina and built by Mackle Construction. The home features 7-bedrooms and 8.2 bathrooms with 8,863 sq.ft. of living space. There is also a gym, media room, home office with library, 4-car garage, elevator shaft and guest house. Outdoor space features a new summer kitchen, gazebo and heated saltwater pool.

Oceanfront Condo At Continuum South Beach Closes For Record $2,400 Per Foot At $4.2 Million

Unit 2607 at Continuum South Beach has sold for a record setting highest price per square foot paid for a 2 bedroom unit. Dina Goldentayer of Douglas Elliman represented the seller, Never Again Ventures, LLC in the $4.2 million transaction which sold to a buyer from Connecticut for $2,400 per foot. Designed by a top NYC interior design firm using only the best materials throughout, this direct oceanfront unit was completely gutted and rebuilt, including new plumbing, HVAC, and electrical systems. This 1,800 SF 2 bedroom 2.5 bathroom residence features 9" wide white oak flooring, custom Boffi kitchen & baths, fully detailed Poliform closets, digital automation powered by Savant Home and Lutron Lighting. The master bath, clad in slabs of Statuary Extra marble is a work of art that will leave you speechless. Direct ocean views encompass the unit from terrace access in each room . The prestigious Continuum compound offers resort-style amenities including two lagoon pools, lap pool, full-service beach club, 3 tennis courts, three-story fitness center, oceanfront restaurant, valet, and a completely private and secured 13 acre setting. The unit was first listed for $4.395 million.

Waterfront Estate On Miami Beach's Flamingo Drive Owned By Designer Jean-Louis Deniot Sells For Record $7.5 Million

A mid-century waterfront home on Miami Beach’s famed Flamingo Drive, owned and completely redesigned by renowned French architect and interior designer Jean-Louis Deniot, has sold for $7.5 million. The sale represents a record as the highest price-per-square-foot paid for a single-family residence on the Flamingo Drive enclave. The 5-bedroom, 5-bath residence, 2979 Flamingo Drive, features 4,779 SF of adjusted area and 5,881 SF of total area. The sale was overseen by EWM’s Nelson Gonzalez.

“Today’s sale is yet another indication of the traction that continues to build within our prime property market and its unmistakable appeal among buyers worldwide,” said Gonzalez. “This home is a jewel in Miami Beach -- one that has been well-documented internationally for its jaw-dropping designs. Savvy buyers know that an opportunity to own a property of this caliber, in one of the globe’s most sought-after locations, cannot be overlooked.”

Deniot, who has been featured on Architectural Digest’s AD100 list of the world’s best interior designers and architects, completely redesigned the home in 2016 to reflect its original mid-century modern architecture. The two-year renovation process yielded a stunning end-result, marked by a bevy of fine finishes and artful accents. Custom terrazzo floors were poured throughout the interiors and exteriors to give the space a feel of endless fluidity, as well as a seamless indoor-outdoor connection.

Past the grand entryway are multiple open spaces, including a sunken living room with soaring 14-foot vaulted ceilings. The eat-in-style kitchen, which is adjacent to the dining area, has Wolf and SubZero appliances, marble countertops, and a breakfast area overlooking the pool. High-end finishes and features include custom marble sinks in all baths, Kallista, Dornbracht, and Waterworks fixtures, custom-made closets with fine metallic finishes and concealed LED lighting, high-gloss grey lacquer coated interior doors, Lutron and LED lighting, a Sonos music system, and a state-of-the-art security camera system. Outside, the resort-like backyard is fully equipped with a TV projector, 15-foot marble bar and grill, large heated pool, a new dock and seawall, and a waterfront lounge area with sweeping views. The home, which is gated, also has two carport spaces.

Explore This North Bay Estate Developed by Peter Fine Which Just Sold For $17 Million

6010 North Bay Road, a new, contemporary waterfront estate in one of Miami Beach’s most prestigious enclaves, has sold for $17 million. The ultra-high-end residence, which was completed in January 2018 by New York developer Peter Fine and his South Florida’s affiliate, To Better Days Development, sold within a year of its listing date and garnered the highest priced sale for North Bay Road since 2017. EWM’s Nelson Gonzalez assisted the sellers in the transaction while the buyer worked with Richard Steinberg and Payton Smith of Douglas Elliman.

“6010 North Bay Road is one of Miami Beach’s most noteworthy estates to enter the market in the $15 million to $20 million range,” said Gonzalez, Senior Vice President of EWM Realty International. “This home was of exceptional quality, finished with super high-end finishes, and offered many amenities that today’s luxury buyers want to have. Because of that, and the fact that the home was priced well from the beginning, we saw a tremendous amount of interest and activity, and it was only a matter of time before a buyer emerged.”

6010 North Bay Road is set on a sprawling 21,228 SF lot and features 85’ of waterfront. The mansion is spread over 10,665 SF of interior space with six bedrooms, seven baths and two half-baths. The home is marked by striking designs, lavish finishes, and state-of-the-art technology matched with its living areas which have been designed to draw the outdoors in through walls of glass and a litany of large terraces. Features include a grand atrium room with 30’ tall ceilings opening to a Bayfront living room, a custom-designed Italian kitchen extends to a family room and breakfast area, formal dining room, dual wine cellars, waterfront office, gym, and theater with Savant-controlled surround sound and a 159” screen. Upstairs, which is accessible by private elevator, offers 5 en-suite bedrooms with a large master suite with 2 large verandas, a lavish master-bath and bay views. Outside offers a selection of resort style amenities including a summer kitchen complete with a TV, heated pool with lighting, an IPE deck, a dock suitable for a large yacht, and a new seawall.

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