Miami Heat Star Victor Oladipo Lists Hibiscus Island Contemporary For $10 Million Amidst NBA Finals

Amidst being locked in a battle for the NBA Finals, Miami Heat all-star player Victor Oladipo has listed his Hibiscus Island home in Miami Beach home for nearly $10 million. The home is situated on an expansive corner lot within the prestigious guard-gated Hibiscus Island in Miami Beach. Unlike typical lots on the island, this property encompasses one and a half lots, offering a larger land size and an impressively spacious home. With 14,375-square feet of land and 6,491-square feet under air, the meticulously designed home was built in 2020 offering 7 bedrooms and 7 bathrooms, including a guest house.

The open floor plan contains soaring ceilings and panoramic doors that seamlessly connect the interior with the exterior. The gourmet kitchen is equipped with top-of-the-line Thermador and Wolf appliances, complemented by custom cabinetry. The primary suite offers a tranquil retreat, complete with a spa-like ensuite bathroom and two spacious walk-in closets. Additional ensuite bedrooms provide both comfort and privacy for residents and guests.

The outdoor living area is thoughtfully designed for ultimate relaxation and entertainment. Find a large sparkling pool and plenty of outdoor seating arrangements and space for lounging or dining al fresco.

Hibiscus Island offers residents a range of amenities, including a waterfront park, tennis and basketball courts, playgrounds, and a 24-hour police officer stationed at the main entrance. The Hibiscus Drive home is listed for $9.995 Million by Liz Hogan with Compass.

Images via Liz Hogan of Compass

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. 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

Queen Miami Beach Reveals Exclusive 8-Seat High-End Speakeasy Style Omakase Experience

After a warm reception from patrons and gourmands, Queen Miami Beach has revealed one of her most-coveted hidden gems, nestled within her upper wing and peering into the grand dining room below. The intimate haven of glamour, design, and inimitable exclusivity is revealed as Queen Omakase, an exclusive eight-seat omakase bar led by third-generation sushi chef Max Kamakura. The new private dining enclave boldly presents an indulgent speakeasy-style omakase experience, open for reservation beginning April 27, 2023. Queen Miami Beach, a new concept from legendary restauranteur Matthew Massa’s Mr. Hospitality, has become one of the hottest restaurants and most unique luxury experiences in Miami since opening earlier this year.

Tucked within the walls of the Historic Paris Theater, Queen Omakase offers a premier ultra-luxury gastronomic experience to the already lauded Queen Restaurant and Lounge, complete with its own private entrance and elevated view of the universe below.

Upon arrival, guests are escorted by a dedicated VIP host through the main dining room before being led to the second-floor speakeasy lounge area where Queen Omakase lives. Concealed behind elegantly draped crimson-hued curtains, the secluded dining retreat opens up to an immaculately designed black Calacatta onyx-adorned bar surrounded by custom-made Bamboo Forest wallpaper, fabricated in Italy and color-customized by renowned designer Carlos Rodriguez. Dangling from the ceiling, a 1970s glass-blown Murano chandelier imbues the room with a sense of elegance and grandeur.

At the helm of Queen Omakase, Japanese-Brazilian classically trained, third-generation sushi chef, Max Kamakura will take guests on a multi-course journey through timeless Japanese traditions magnified through his distinctive modernist approach and well-traveled culinary experience.

“Over the course of my career, I have been fortunate enough to call numerous cities across several continents my home, which allowed me to deeply immerse myself in different local customs and traditions,” said Queen Omakase Executive Chef Max Kamakura. “Omakase to me is about conveying generations of stories through each meticulously crafted bite. Each dish represents a narrative that has been crafted over the course of many years, and guests will get to experience this through Queen Omakase.”

Queen Omakase perfectly fuses the rich tapestry of Japanese history with the vibrant energy that is quintessentially Miami. With an eight-top counter and only two seatings offered per night, exclusivity is as integral a part of the experience as the exceptional culinary programming, which will introduce a newly curated chef’s selections menu every three weeks. Bringing cooking techniques and quality ingredients to the forefront, guests can look forward to a premium selection of delicately composed nigiri and specialty Japanese dishes, prepared using ingredients from Japan and all around the globe.

Queen Omakase is open Tuesday through Saturday. The first seating is at 7:00 PM and the second seating is at 9:30 PM. Guests prepay in advance to confirm their seating and reservations can be made through OpenTable at $275 per person, plus tax and gratuity. If you have not been to an Omakase experience before, take note that as the chef curates the dishes live for each guest so if you are late they may start the experience without you.

Queen Omakase is located at The Paris Theater at 550 Washington Ave, Miami Beach, FL 33139. Valet Parking is available at the front entrance and public parking garages are located at 555 Washington Ave. and 500 Collins Ave.

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Architectural images via Craig Dennis | Culinary images by Sebastian Bednarski

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.

Riviera Dining Group Reopens Iconic South Beach Dining And Nightlife Venue 'BAOLI Miami'

BAOLI Miami, the iconic restaurant and nightlife venue located on Collins Avenue in South Beach, has reopened under the direction of Riviera Dining Group (RDG). BAOLI Miami launched with a new menu exploring Indonesian, Thai, Indian, Balinese and Nepalese flavors, colorful ingredients and cooking techniques. The updated aesthetic transports guests with lush tropical foliage, a curated mural from artist Mateo Humano, two back-lit walls ideal for perfect photo moments, gold finishings, and exotic wood. RDG is known for operating some of Florida’s most exciting experiential hospitality concepts including Miami hotspots MILA, MILA Omakase, MILA Lounge and MM Club, as well as AVA MediterrAegean and MM Club in Winter Park, FL.

“We pride ourselves on creating innovative, sensorial experiences for guests,” said Marine Galy, partner & chief branding officer at Riviera Dining Group. “By acquiring operations of BAOLI Miami, we’re able to continue providing guests with memorable experiences while simultaneously adding new venues to our luxurious and rapidly expanding portfolio.”

“It is such an immense joy for me to go back where I started with the BAOLI brand in Miami years ago, knowing where we can now take it under the RDG management and standards that we have built through our different venues,” said Michael Ridard, BAOLI Miami co-owner and RDG partner. “This is now the best time, and the best is yet to come for BAOLI.”

The Miami venue takes inspiration from the brand’s flagship location, BAOLI Cannes, an instant hit amongst A­-list clientele and the movers­-and­-shakers of the French Riviera since its debut in 1999. Mirroring the Cannes location’s transformative nature that allows guests to smoothly transition from dining to nightlife, BAOLI Miami seamlessly merges France’s trademark sophistication with Miami’s unique vibrancy. BAOLI Miami features curated programming including live entertainment, and a rotating lineup of the world’s top and up-and-coming DJ talent, setting the stage for elevated bottle service, vibrant nights, and an unforgettable upbeat atmosphere.

“BAOLI is a concept that brings me back to my roots and revives young adult memories," said Greg Galy, RDG founder, “As the opportunity presented itself to partner up with brand owner Christophe Caucino and Michael Ridard, it felt like a natural move to revive these memories with a modernized twist and under the standards of RDG.”

Under RDG’s culinary direction, BAOLI Miami’s extensive new menu offers South East Asian fusion cuisine, exploring unique and diverse Asian flavors featuring only the freshest ingredients. Small plates include toro & caviar, made with fatty tuna and Osetra caviar and pork belly served between steamed buns and garnished with pickled cucumbers. Tributing its roots, the menu offers maki rolls including the negitoro served with smokey shoyu and shiso along with crudos such as the crispy rice, made with either tuna tartare and dried pineapple or salmon tartare and yuzu kosho, and the tuna watermelon marinated with citrus and drizzled with truffle sauce. For the main course, guests can relish in BAOLI’s salmon served with Penang curry and garnished with Thai basil or the pineapple Nasi Goreng, Balinese fried rice served with chicken & shrimp. Ending the night on a sweeter note, guests can choose from a variety of delicacies such as the pistachio warm cake, served with hazelnut ice cream and white chocolate or the crème brulee infused with lemongrass and topped with wild berries.

Guests can also luxuriate in BAOLI’s new cocktails such as the rainforest, a refreshing herbal cocktail made with lime juice, basil syrup, Italicus Rosolio di Bergamotto​, Citadelle Gin, and Fever Tree Sparkling ​Lime and Yuzu soda, or the Thaï break​, a vibrant, tropical cocktail made with lime juice, pineapple juice, passion fruit syrup, Belvedere Pear and Ginger Vodka, and Fever Tree Ginger Beer. ​

BAOLI Miami is located at 1906 Collins Ave, Miami Beach, FL 33139 and isopen Wednesday to Saturday for dinner service from 7 p.m. to 1 a.m. and late-night bottle service from Wednesday to Saturday until 3 a.m.

Riviera Dining Group (RDG) is the innovative hospitality company behind Miami hotspots MILA, MILA Omakase, MILA Lounge and MM Club, as well as AVA MediterrAegean and MM Club in Winter Park, FL. In March 2023, RDG acquired operations of BAOLI Miami, the iconic restaurant and nightlife venue located on Collins Avenue in South Beach. Envisioned by Marine and Greg Galy through their travels, experiences, and thirst for discovery and adventures, Riviera Dining Group opened its first restaurant, MILA, in Miami Beach, FL in January 2020. Balancing genuine hospitality, fine dining, and refined nightlife, RDG restaurants have quickly established themselves as the go-to destination in the upscale Miami and Orlando social scenes. RDG transforms how people experience dining and creates moments with high-end, luxurious, and transportative cuisine. The luxury hospitality group has an impressive team of partners, chefs and managers who have worked extensively to elevate the brand to what it is today including 26-Michelin Starred Chef Michaël Michaelidis, partner & head of culinary. RDG empowers all of its outlets to elevate culinary standards and achieve a new level of gastronomic excellence across the group’s entire portfolio.

Food & Beverage Imagery via @RubenPictures, Architectural Imagery via World Red Eye

Michelin-Starred Chef Shaun Hergatt To Open Private Oceanfront Restaurant And Speakeasy At The Perigon

The Perigon, an ultra-luxury oceanfront condo building being developed by Camilo Miguel Jr.’s Mast Capital and Barry Sternlicht’s Starwood Capital Group in Miami Beach, has partnered with celebrated Michelin-starred chef Shaun Hergatt to open Miami Beach’s first ever resident only concept by a Michelin-starred chef as an exclusive amenity to the property. Shaun Hergatt will curate the food and beverage concept at The Perigon including a private resident-only restaurant and speakeasy. Chef Shaun Hergatt, the executive chef and owner behind some of New York’s most famed Michelin-starred restaurants both public and private, including Vestry in Soho and 432 Park Avenue respectively, is renowned for his technically precise cooking and painterly presentations. Nota at The Perigon will be Hergatt’s first-ever Mediterranean concept, while FiftyThree, a speakeasy cocktail lounge, will have a bold, playful style.

“We are designing more than a condominium at The Perigon, it is a private, highly serviced five star resort exclusively for the owners,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon is offering Miami Beach’s first-ever resident-only Michelin-starred chef dining concept, where residents can enjoy their privacy or mix and mingle with their neighbors. Additionally, our partnership with such a notable chef as Shaun Hergatt further solidifies the commitment to the quality of luxury, The Perigon will offer to its residents.”

Taking advantage of the oceanfront location and abundance of rich, local ingredients, Nota at The Perigon is centered around a clean, crisp palate. With seafood anchoring the Mediterranean inspired menu, Chef Hergatt plans to use woodfire grilling techniques to create dishes that are elevated yet approachable, with health and wellness at the forefront.

“Food brings people together and through this partnership with Mast Capital, I’m thrilled and honored to further elevate the experience for the residents at The Perigon,” said Chef Shaun Hergatt. “Paying homage to the regional flavors and ingredients, our rotating seasonal menus will offer an elevated yet approachable cuisine, exclusive to residents and their guests.”

The interiors of Nota were designed by Tara Bernerd to blend into the larger residential concept at The Perigon. The design will incorporate rich materials from intricate stones to linens. The furniture will integrate a unique combination of organic materials with subtle hues that cohesively blend to the environment of coastal living on the sands of Miami Beach. The oceanfront restaurant will accommodate up to 70 guests, with service extending to the pool deck.

The speakeasy, FiftyThree, will experiment with bold colors and patterns, embracing a whiskey themed palate. Darker browns and greens will set a more intimate mood, featuring bronze fixtures and accents creating the perfect nighttime setting. The cocktails will also embody the more playful aesthetic, while focusing on fresh ingredients and creative curations.

The Perigon’s food and beverage concept represents Chef Hergatt’s triumphant return to South Florida. Chef Hergatt first debuted in Miami in 2005 when he was the executive chef at The Setai Miami Beach. Hailing from Australia but having worked at restaurants around the world garnering international accolades for culinary craftsmanship, Chef Hergatt is known for two of his Michelin star restaurants, Juni and Vestry, and previously SHO Shaun Hergatt, which garnered acclaim for its geographically inspired dishes. Today, one of Chef Hergatt’s many restaurants is the Caviar Bar in Las Vegas. Many of his most famed dishes are inspired by his travels and surroundings, an approach he will bring to The Perigon.

Completing the culinary experience at The Perigon will be several additional private amenity spaces for dining and lounging. An indoor-outdoor conservatory doubling as a breakfast lounge and terrace will host residents for their early morning coffee. Here, a barista will be available upon request to serve hot or iced coffee to a resident’s liking. Residents can also request meals be delivered directly to their private residence or to their poolside cabana.

Further elevating the experience at The Perigon is a new private concierge partnership with BHB Private Concierge, a premium provider servicing private properties and clients. In addition to offering residents seamless experiences tailored to their individual wants and needs, the concierge at The Perigon will further enhance the programming throughout the amenity suites. To begin living The Perigon lifestyle before stepping foot inside, residents will have access to select services provided by BHB Private Concierge shortly after contract signing.

Located at 5333 Collins Avenue along the tranquil 200-foot stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon comprises 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. With an overall 20,000 square feet of amenities that provide both exclusivity and an idyllic setting for connection and socializing, the building is elevating a palatial lifestyle evocative of a five-star hotel. Pricing starts at $4.15 million with completion slated for 2025.

Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

Renderings via The Boundary

Miami Beach's Exclusive Star Island Now Ranks As The Nation's Priciest Neighborhood

Miami Beach’s exclusive Star Island has 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. Griffin made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. He also owned 14 Star Island which he purchased for $24 million in 2020 and sold to ex-New York Yankee and real estate investor Alex Rodriguez for $18.5 million in a reported swap for 13 Star Island.

Griffin hasn’t been the only high-profile investor buying and selling on the Island. Lennar Executive Chairman Stuart Miller kicked off a long list of transactions on the prestigious island when he acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million. Stuart Miller 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. Next door, Miller sold a 1.9-acre property at 23 Star Island Drive to the NBA’s Memphis Grizzlies owner Robert Pera for $25 million in 2019. Pera is developing a controversial 28,000 SF waterfront mansion with basketball complex. On the other side of 22 Star Island, Roger and Sloan Barnett acquired the historic Carl Fisher estate at 46 Star Island Drive for $39 million from Marc Iacovelli. Other recent high profile deals on the island include Shay Kostiner selling his vacant lot at 44 Star Island for $10 million in June 2020 and Anthony Hsieh, the founder and CEO of LoanDepot, acquired 34 Star Island Rive for $30 million.

Currently, Alyssa Jansheski of The Inside Network has 27 Star Island listed for lease for $325,000 per month. The Jills Zeder Group has a vacant lot at 36 Star Island spanning 40,000 square feet with 100 feet of waterfront asking $37 million.

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.

Late Property Patriarch Albert Reichmann's Pine Tree Drive Miami Beach Waterfront Estate Hits The Market For $29.9 Million

The personal Miami Beach waterfront estate of Albert Reichmann, the late billionaire property patriarch of the Reichmann real estate dynasty that built the World Financial Center in New York City, has hit the market for $29.9 million. The Reichmann family, an Orthodox Jewish family who fled Vienna in 1938 and founded Olympia & York Developments, became the largest private owner of commercial real estate in New York City for a period of time before financial issues and bankruptcy plagued the firm in 1992. They later founded O & Y Properties which they sold to Brookfield Properties in 2005.

Known as Casa Egosita, Reichmann’s 1.3 acre waterfront estate is located on Miami’s iconic Pine Tree Drive. With its sprawling and luscious grounds, this home offers a serene and tranquil oasis amidst the hustle and bustle of the city.

Casa Egosita features classic Spanish-style architecture with hints of Moroccan flair that enhance the seamless integration of indoor and outdoor living spaces throughout. Spanning six bedrooms, seven and half bathrooms on a vast 58,650 square foot lot, the one of a kind property showcases a magnificent exterior complemented by impressive interiors that feature luxurious finishes, high ceilings, and intricate details, which add to the overall elegance and sophistication of the home.

Designed with waterfront living in mind, strategically placed windows and doors allow for an infiltration of natural lighting to flood inside. The spacious outdoor areas are perfect for hosting with a pool and spacious grounds for entertaining. The property features 150 ft of water frontage and a 40 ft dock to park a yacht.

4521 Pine Tree Drive is listed for $29.9 million by Saddy Abaunza Delgado & Chava Feigen with ONE Sotheby’s International Realty.

Images via Jorge Chao / ONE Sotheby’s International Realty

Mast Capital Breaks Ground on Arquitectonica-Designed Luxury Multifamily Development At Entry To Miami Beach

As demand for apartment living in Miami Beach continues to reach record levels, Mast Capital, led by Camilo Miguel Jr., in partnership with Rockpoint, have launched its latest multifamily community set to transform the entry to Miami Beach at the intersection of the Julia Tuttle Causeway and Alton Road. Mast Capital and Rockpoint plan to develop a nine-story multifamily development with 178 units, located just off the Julia Tuttle Causeway at 3900 Alton Road where an aging apartment building has stood. The partnership secured a $64 million construction loan from PNC Bank in November 2022. The project broke ground last month and is estimated to open for Fall 2024.

Designed by Arquitectonica, the upscale apartment community will consist of 178 units, ranging from studios to three-bedroom units. The residences will range in size from 560 square feet to 1,410 square feet and will feature luxury design elements including Italian cabinetry, porcelain flooring throughout, floor-to-ceiling glazing, and wrap-around balconies with glass railings. The development will also incorporate high-end, lifestyle-driven amenities for residents, including an elevated pool deck, BBQ area, outdoor gaming area, fitness and yoga studio, resident lounge, co-working spaces, and pet washing station.

“Miami Beach rental housing is experiencing strong demand on the back of more individuals and companies relocating to the region, drawn to the state’s business-friendly environment and desirable lifestyle,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “This project will have unique positioning as one of the few luxury for-rent projects in the Miami Beach market, one of South Florida’s hottest residential markets.”

Mast Capital has emerged as one of South Florida’s most active real estate development and investment firms today, with acquisitions since December 2020 representing over $3.5 billion in total project capitalization. These investments include new-build development of 2,300 residential units, ranging from suburban and urban apartment communities to ultra-luxury condominiums, in Miami’s Brickell Financial District, Miami Beach, Palm Beach County, Fort Myers, and the Tampa metro area.

Rockpoint, headquartered in Boston, employs a fundamental value approach to investing and targets select product types located in markets in the United States. Over its 28-year history, the firm’s co-founders with others have raised approximately $29 billion in capital commitments through Rockpoint and a predecessor firm. As of September 30, 2022, Rockpoint’s investment team with others has invested or committed to invest in 498 transactions with a total peak capitalization of approximately $80 billion.

New Construction Palm Island Spec-Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island

A recently completed tropical modern spec-mansion on Miami Beach’s exclusive Palm Island has sold for a record $32 million, ringing in as the most expensive sale ever on the island. The buyer Ron Ozer who is CIO of hedge fund Statar Capital and the seller was real estate developer William Campbell. The buyer was represented by David Pullman with The Waterfront Team at ONE Sotheby's International Realty, while the seller was represented by Lourdes Alatriste with Douglas Elliman. The home was most recently listed for $39.9 million at the time of sale with Alatriste and was listed for as high as $51.9 million during construction.

Located on a .7 acre lot at 158 Palm Ave., the new construction home spans 14,000 + SF of oceanfront with 7 bedrooms and 10 bathrooms. The main residence features 6 bedrooms while a detached 5 car garage offers a 2nd floor guest suite. The residence features multiple living spaces with water views and telescoping glass sliding doors to blend indoor/ outdoor living. The home also features an office, movie theater, an oversized chef's kitchen, a 2nd floor balcony spanning the entire home with access to a rooftop balcony and a stunning primary suite with a lavish master bath complete with a soak-in tub. The outside provides a tropical oasis with infinity pool, summer kitchen and 100' water frontage with a private dock offering stunning bay and skyline views.

Images via Luxhunters