Music Mogul Rick Ross Closes On 37 Star Island For $35 Million
Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.
Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.
Jill Eber, Jill Hertzberg, Felise Eber, and Fabio Lopes of The Jills Zeder Group represented the seller, Yale R. Brown, the president of IMS Ventures and the managing partner of Columbus Ventures. Kimberly Knausz with ONE Sotheby's International Realty and Ross’ sister Tawanda Roberts, a real estate agent with Florida Realty of Miami, represented the buyer, Rick Ross, a rapper and record executive.
“He instantly fell in love with the grand entry, it has a very long driveway stretching towards the mansion that creates an air of real luxury. The architecture also played a part as it’s far beyond the ordinary modern home and he plans to enhance it to reflect his personal style,” said Knausz.
The gated Star Island has long been one of the most desirable neighborhoods in Miami, just across the MacArthur Causeway from the entrance to Fisher Island and Miami Beach’s South of Fifth neighborhood. Star Island is a man-made island in the middle of Biscayne Bay and located in the city of Miami Beach. The island was built by the Army Corps of Engineers in 1922 as part of a dredging project and was developed by Carl Fisher into an island for the rich and famous. The island is now home to celebrities and billionaires such as Gloria and Emilio Estefan, Philip Frost, Sean ‘Diddy’ Combs, Alex Rodriguez, Stuart Miller and Vladislav Doronin.
In March 2023 PROFILEmiami reported that Star Island had emerged as the leader among the most expensive neighborhoods in the United States, leading Port Royal in Naples, FL and Beverly Hill’s Beverly Hills Gateway and Trousdale Estates, according to sales data from Zillow Group Inc. The average home sale on the ritzy island in 2022 traded for $40.2 million, up $16.7 million and 71% from 2019 when the average home sale on the island was $23.5 million.
Over the past several years hedge fund heavyweight Ken Griffin, founder Citadel, has purchased an assemblage of five properties on the island for a combined $170 million. In 2018 Lennar Executive Chairman Stuart Miller acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million and also developed an ultra-luxury spec home at 22 Star Island with Todd Michael Glaser which was designed by DOMO Design and sold for $49.5 million in an off-market deal overseen by David Solomon and David Miller in 2020.
37 Star Island Drive features a 12,374 square foot residence is situated on a manicured 40,000 square foot lot, featuring 100 feet of water frontage facing Biscayne Bay and offers direct bay and ocean access. The home spans six bedrooms plus an office space, eight full bathrooms and one-half bathroom. Elegant design and linear architectural details are featured throughout the home, plus custom millwork and use of rich woods, octagon-shaped ceiling accents with custom lighting, and oversized “Plaza Deck” terraces.
This impressive entry foyer greets with soaring 30-foot ceilings with a rotunda ceiling accent, while surrounding glass walls encase the foyer appearing to bring the outside water feature into the home. A custom hand-crafted winding mahogany-travertine staircase leads to a second-floor landing and seating area that overlooks the living room below and provides direct views to the pool and bay.
The oversized formal living room also features 30-foot ceilings, floor-to-ceiling windows streaming natural light, a custom-built fireplace with mahogany and burled wood accents, and direct access to a covered terrace with views to the pool and bay.
The chef’s kitchen offers granite countertops, a cooking and prep center island, top-of-the-line appliances and a large food pantry. A large butler’s pantry, a separate breakfast room and a spacious private dining room are adjacent to the kitchen.
Also on the first floor is an expansive entertainment/media room, an office den with rich mahogany paneled walls and beautiful custom detailed millwork, staff quarters with full bathroom, and full laundry room. There is three-phase power and a back stairwell/elevator shaft provisioned to add an interior elevator.
The spacious, first-floor principal suite features floor-to-ceiling windows with direct bay views and access to the pool deck, remote controlled black out/hurricane shutters, midnight wet bar, and spacious dual walk-in closets with custom built-ins. The gentlemen’s bathroom features travertine marble floors, a mahogany wood vanity and a large shared walk-in rain shower with steam that can be accessed from either side; the ladies’ bathroom boasts large slab marble floors, a bird’s eye maple vanity and mirror with inset lighting, mirrored ceiling and a Jacuzzi sunken spa tub.
On the second floor are four spacious guest suites, each featuring a full en-suite bathroom, high ceilings, walk-in closets and oversized “Plaza Deck” terraces. Two are east-facing and overlook the pool deck with direct views to the bay and South Beach; two are west-facing and overlook the front of the home and Downtown Miami.
Outdoor highlights include a large, covered terrace with al fresco dining tables leading to the pool; large heated pool featuring an automated pool cleaning system; covered summer kitchen/bar with TV, sink, BBQ; fountain, and Jacuzzi, surrounded by lush palms, tropical flowers, plants, and a Japanese Zen garden. A full cabana bathroom is located next to the pool. A private 40-foot dock with an electric and water pedestal can accommodate a large vessel.
Images via The Jills Zeder Group /1 Oak Studios
Look Inside This Lavish Waterfront Star Island Estate Which Just Hit The Market For $37.5 Million
37 Star Island Drive, a lavish waterfront estate on Miami Beach’s exclusive and ritzy Star Island, has hit the market for $37.5 million. The 12,374 square foot residence is situated on a manicured 40,000-square-foot lot, featuring 100 feet of water frontage facing Biscayne Bay and offers direct bay and ocean access. The home spans six bedrooms plus an office space, eight full bathrooms and one-half bathroom.
37 Star Island Drive, a lavish waterfront estate on Miami Beach’s exclusive and ritzy Star Island, has hit the market for $37.5 million. The 12,374 square foot residence is situated on a manicured 40,000-square-foot lot, featuring 100 feet of water frontage facing Biscayne Bay and offers direct bay and ocean access. The home spans six bedrooms plus an office space, eight full bathrooms and one-half bathroom. Elegant design and linear architectural details are featured throughout the home, plus custom millwork and use of rich woods, octagon-shaped ceiling accents with custom lighting, and oversized “Plaza Deck” terraces.
The home is owned by Yale R. Brown, the president of IMS Ventures and the managing partner of Columbus Ventures. Jill Eber, Jill Hertzberg, Felise Eber, and Fabio Lopes of The Jills Zeder Group are listing the property.
The security gated entrance leads to a long, grand stone paved driveway lined with soaring royal palms and lush gardens. A flowing water feature with fountains lines both sides of the entrance to the front door.
This impressive entry foyer greets with soaring 30-foot ceilings with a rotunda ceiling accent, while surrounding glass walls encase the foyer appearing to bring the outside water feature into the home. A custom hand-crafted winding mahogany-travertine staircase leads to a second-floor landing and seating area that overlooks the living room below and provides direct views to the pool and bay.
The oversized formal living room also features 30-foot ceilings, floor-to-ceiling windows streaming natural light, a custom-built fireplace with mahogany and burled wood accents, and direct access to a covered terrace with views to the pool and bay.
The chef’s kitchen offers granite countertops, a cooking and prep center island, top-of-the-line appliances and a large food pantry. A large butler’s pantry, a separate breakfast room and a spacious private dining room are adjacent to the kitchen.
Also on the first floor is an expansive entertainment/media room, an office den with rich mahogany paneled walls and beautiful custom detailed millwork, staff quarters with full bathroom, and full laundry room. There is three-phase power and a back stairwell/elevator shaft provisioned to add an interior elevator.
The spacious, first-floor principal suite features floor-to-ceiling windows with direct bay views and access to the pool deck, remote controlled black out/hurricane shutters, midnight wet bar, and spacious dual walk-in closets with custom built-ins. The gentlemen’s bathroom features travertine marble floors, a mahogany wood vanity and a large shared walk-in rain shower with steam that can be accessed from either side; the ladies’ bathroom boasts large slab marble floors, a bird’s eye maple vanity and mirror with inset lighting, mirrored ceiling and a Jacuzzi sunken spa tub.
On the second floor are four spacious guest suites, each featuring a full en-suite bathroom, high ceilings, walk-in closets and oversized “Plaza Deck” terraces. Two are east-facing and overlook the pool deck with direct views to the bay and South Beach; two are west-facing and overlook the front of the home and Downtown Miami.
Outdoor highlights include a large, covered terrace with al fresco dining tables leading to the pool; large heated pool featuring an automated pool cleaning system; covered summer kitchen/bar with TV, sink, BBQ; fountain, and Jacuzzi, surrounded by lush palms, tropical flowers, plants, and a Japanese Zen garden. A full cabana bathroom is located next to the pool. A private 40-foot dock with an electric and water pedestal can accommodate a large vessel.
Images via The Jills Zeder Group /1 Oak Studios
Check Out This Ultra-Luxury $52 Million Waterfront Compound In Boca Raton's Prestigious Royal Palm Yacht & Country Club
The Parker Estate, a one-of-a-kind custom property in Boca Raton owned by the family of Constant Contact Founder and Tech Entrepreneur Randy Parker, has hit the market for $52 million. The triple-lot compound in Boca Raton’s prestigious Royal Palm Yacht & Country Club neighborhood is located at 2499 E Maya Palm Drive, Boca Raton, FL 33432. The Parker Estate is a magnificent fusion of waterfront luxury, architectural brilliance and natural splendor.
The Parker Estate, a one-of-a-kind custom property in Boca Raton owned by the family of Constant Contact Founder and Tech Entrepreneur Randy Parker, has hit the market for $52 million. The triple-lot compound in Boca Raton’s prestigious Royal Palm Yacht & Country Club neighborhood is located at 2499 E Maya Palm Drive, Boca Raton, FL 33432. The Parker Estate is a magnificent fusion of waterfront luxury, architectural brilliance and natural splendor. With a rich history and an unparalleled location, this property remains one of South Florida’s most remarkable homes. The property is listed by Jill Hertzberg and Jon Mann of The Jills Zeder Group.
The stunning 1.7-acre waterfront estate includes a prized southeast-facing corner lot (originally the most expensive lot in Royal Palm), 437 feet of water frontage overlooking both the Intracoastal Waterway and a side canal, and an arboretum-like vacant 0.4-acre lot across the street. Since its founding, Royal Palm has been a gathering ground and desired address for South Florida’s high society and community, business, philanthropic and social leaders.
Parker’s late father, pioneering financial publisher Glen K. Parker purchased the properties with his wife Sandy, a well-known Boca Raton CPA and business leader, in the mid-1990s to be their primary residence and a resort-like venue for entertaining family and friends. Glen K. Parker is best known for his company The Institute for Econometric Research, which revolutionized the financial publishing industry and helped fuel the massive growth of mutual funds, beginning with the popular investor newsletter Market Logic in 1975 and culminating in the acquisition of the business by Time, Inc. in 1998.
The Parker Estate, which was featured in the 59th edition of Florida Architecture magazine in 1998, was designed by celebrated architect Mitch Kunik to pay homage to some of the owners’ favorite vacation spots. The estate draws inspiration from the tropical resort lifestyle, deftly balancing nature, luxury and privacy.
“From the time this property was first listed for sale by Arvida in 1959 as the most expensive in Royal Palm Yacht & Country Club, it has been unparalleled,” said Jill Hertzberg of The Jills Zeder Group. “The storied history behind the property, merged with the distinguished modern-day appeal of the Royal Palm neighborhood, makes 2499 E Maya Palm Dr. an exquisite opportunity for the right luxury buyer.”
The home features a 10,000-square-foot curvilinear main house with custom ceilings, windows and innovative architectural elements, and interior design by award-winning designer Arlene Workman. Downstairs offers a large, open kitchen with a 15-foot-long island and double stoves, ovens, sinks and dishwashers, where many cooking classes and tasting demonstrations by local chefs have been hosted. The principal suite on the top level of the home with expansive views, blackout shutters, his-and-hers bath suites, massive closets, workout and sitting areas, and private access to a rooftop sun patio.
A separate guest house reminiscent of the bungalows at the Little Palm Island resort in the Florida Keys, including a unique palm frond ceiling, soaking tub for two and private outdoor shower.
The outdoors features two swimming pools, including an infinity-edge pool that wraps around the main house and overlooks the Intracoastal Waterway, and a more traditional pool between the main house and guest house. There is also a covered patio for entertaining and outdoor living inspired by the grand outdoor dining pavilion at Little Dix Bay Resort in the British Virgin Islands, with a pyramidal roof supported by three columns of different heights.
The beautifully landscaped, retreat-like grounds are ideal for relaxing in nature as well as entertaining ― weddings, boat parade watching parties, wine tastings and more have been hosted there. The grounds were expertly designed and maintained by Craig Morell, one of the top horticulturists in Florida, the former horticulturist of what is now The Boca Raton resort and the Pinecrest Gardens in Miami, and a retired director of Coconut Grove’s The Kampong, one the gardens of the National Tropical Botanical Garden. He helped bring the owners’ vision of a tropical jungle paradise to life, importing unique trees and plants from around the world.
“The ‘Parker Estate’ boasts the epitome of Boca prestige, a luxurious setting on the huge waterfront lot, and ample space to build on the currently vacant lot,” said Jon Mann of The Jills Zeder Group. “Additionally, the estate’s Royal Palm location is enviable, set in close proximity to the recently renovated hotel The Boca Raton, a premier and iconic destination in the city.”
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.
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.
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
PROFILE Exclusive: The Legendary 46 Star Island Originally Built By Carl Fisher Finally Sells For $39 Million
Beach Carl Fisher, has finally sold for $39 million. The property was listed by Dora Puig and Alexa Iacovelli of Luxe Living Realty and Jill Hertzberg of The Jills Zeder Group at Coldwell Banker brought they buyer.
PROFILEmiami is the first to report that the legendary cul-du-sac, located at 46 Star Island, which was originally built by the "founder" of Miami Beach Carl Fisher, has finally sold for $39 million. The property was listed by Dora Puig and Alexa Iacovelli of Luxe Living Realty and Jill Hertzberg of The Jills Zeder Group at Coldwell Banker brought they buyer, who remains unnamed. The seller was Marc Iacovelli who originally purchased the home in 1987 for $1.825 million. 46 Star Island first listed in 2016 for $65 million before later dropping its price to $48 million and even tested out the auction market with Concierge Auctions in January 2018.
46 Star Island 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.
Photos by Alex Tarajano Photo
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.
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.
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.
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
Check Out This Stunning DOMO-Designed Pine Tree Drive Waterfront Estate Which Just Sold For $19.25 Million
A stunning waterfront estate designed by DOMO Architecture + Design and located on the ultra-luxe Pine Tree Drive at 4395 Pine Tree Drive, has sold for $19.25 million. The estate, which was built in 2015, is designed to fuse indoor and outdoor living with disappearing, sliding glass pocket doors.
A stunning waterfront estate designed by DOMO Architecture + Design and located on the ultra-luxe Pine Tree Drive at 4395 Pine Tree Drive, has sold for $19.25 million. The estate, which was built in 2015, is designed to fuse indoor and outdoor living with disappearing, sliding glass pocket doors. In all the home spans 9,583 SF and offers 8 bedrooms and 9 bathrooms. The estate features a 1,000 bottle wine vault, home gym, media room, guest suite, koi pond, 4-car garage. Outside features lush landscaping, an infinity pool with planters and 100' of waterfront. The home had listed with the Jills Coldwell Banker Residential Real Estate for $23 million.
Photos via The Jills & Zachary Balber
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.