Triple-Lot Waterfront Estate In Hallandale's Golden Isles Sells For Record $10 Million

An expansive triple-lot residence in the gated Hallandale community of Golden Isles located at 101 Holiday Drive sold for $10 million, setting a new benchmark for the neighborhood as the highest price ever paid for a single-family home. The sale also breaks the record as the highest price ever paid for a single-family home in the City of Hallandale. The highest previous record sale within Golden Isles closed in April of 2022 for $6,395,000.

Berkshire Hathaway HomeServices EWM Realty top-producer Scott Patterson closed a record-breaking transaction, working with both the buyer and seller in the sale. The buyer is from Israel and the seller is from Mexico.

The two-story, 10,123-square-foot home sits on a 38,844-square-foot lot, marked by a point-lot that boasts the Intracoastal on one side and a canal on the other. It also has 420+ feet of seawall with southeast views facing Golden Beach, ideal for accommodating large yachts.

“This remarkable property represents a distinct opportunity for our area, and it has been a privilege to bring the deal to fruition,” said Patterson. “Setting a record of this magnitude underscores the unmistakable draw of our market, and how savvy homebuyers fully appreciate the sheer value of these waterfront properties -- from their size and scope to their setting.”

The grounds are extensive, complete with waterfront covered terraces, a heated pool and jacuzzi, and a large backyard. Adding to the property’s uniqueness, it is located in a ‘no wake’ zone with no fixed bridges to the Atlantic Ocean, making it all the more enticing for boating enthusiasts.

Images via Berkshire Hathaway HomeServices EWM Realty

Casa Bella by B&B Italia Debuts Penthouse Collection In Downtown Miami

Casa Bella Residences by B&B Italia, which aims to bring the best of Italian design and lifestyle to Downtown Miami, has unveiled plans for the tower's dramatic penthouse collection that includes a pair of 54th-floor triplex residences with expansive rooftop terraces and Biscayne Bay views. Developed by Related Group in partnership with Alta Developers, the 56-story condominium tower offers 317 luxury residences and 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.

The penthouse collection includes a total of 10 upscale residences, the crown jewels of which are the aforementioned triplex homes with private rooftop terraces, each featuring spa pools and indoor/outdoor summer kitchens overlooking Biscayne Bay. These two extraordinary homes range in size from 5,432 to 5,900 square feet and are priced between $12 million - $13 million.

The 54th-floor is also home to two remarkable duplex penthouses that span 4,100 and 4,560 square feet. The duplex penthouses are priced between $8 million and $10 million. All four of the Upper Penthouse residences feature stunning living areas with double-height ceilings (23-foot) and floor-to-ceiling windows that showcase jaw-dropping views of Biscayne Bay.

The 52nd and 53rd floors include six penthouses with just three homes per floor. These residences range in size from 2,982 to 3,772 square feet with prices from $4.8 million to $6 million.

Casa Bella by B&B Italia features 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.

Throughout the Penthouse Collection, ceiling heights reach 12 feet with windows that frame cinematic views of Biscayne Bay and the Miami cityscape. Pierro Lissoni’s modern and refined aesthetic is showcased with an exquisite selection of European fixtures and finishes that imbue the homes with B&B Italia’s unique brand of Mediterranean-inspired luxury. Penthouse units have additional distinct flooring options including natural stones.

Gourmet kitchens feature integrated espresso machines and double-door SubZero refrigerators, and a selection of kitchen cabinet colors exclusive to Penthouse units. Select homes offer eat-in kitchens. The graciously-sized primary bedrooms include dual walk-in closets. Many of the penthouse residences offer baths with freestanding soaking tubs and large showers with Bay views.

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 unit type. There is also the opportunity for buyers and designers to personalize their units using pieces from B&B Italia collections.

Casa Bella by B&B Italia offers two full floors of amenities, complete with dedicated entertainment 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 theatre 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. Additional benefits include preferred tickets to performances and local events and a complimentary one-year membership to the Grand Bay Beach Club in Key Biscayne.

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 Miami-Dade Arena.

Renderings via Related Group

Miami Heat Star Tyler Herro Buys Pinecrest Mansion For Record $10.5 Million

Miami Heat star Tyler Herro has purchased the most expensive home on record in Pinecrest for $10.5 million. Located at 12900 SW 63rd Avenue, the transaction closed on December 28th and represents the highest price achieved to date in Pinecrest according to MLS data. Only eight other properties in Pinecrest have sold for $8 million or above.

Josie Wang of Brown Harris Stevens Miami was the exclusive listing agent representing the sellers in this transaction. In October, 2021 Josie represented both the buyer and seller on this same property which closed for $5.3 Million while the home was still under construction. After the closing, the Buyer spared no expense to further create one of the most extraordinary homes ever built in Pinecrest.

Recognized as the true gem of Pinecrest, the single-family home was built in 2021 and spans 9,505 interior square feet. It features 8 bedrooms, 8.5 bathrooms. The resort style masterpiece blends modern design, extraordinary craftsmanship and blends modern design with Balinese inspired architecture. The property’s natural marble, stone and wood were sourced from around the world, including rare materials from Brazil and Italy. Floor to ceiling glass windows throughout bring the outdoors in, showcasing hundreds of thousands of dollars of opulent, lush tropical landscaping. Along with a huge primary suite, the new owner will enjoy a wine cellar, media room and summer kitchen.

“Pinecrest is an incredibly desirable destination for luxury home buyers and this home is truly the area’s crown jewel. The location offers proximity to Miami’s finest attractions, including marinas, top schools, dining, shopping and parks. The home is unrivaled in its design, craftsmanship and custom, top of the line finishes from lighting to millwork.” Said Josie Wang, Brown Harris Stevens Miami.

Images via Josie Wang, Brown Harris Stevens Miami

Bahamian Casino Mogul Sells DOMO-Designed Venetian Islands Mansion Developed by Todd Michael Glaser For $28 Million

A Bahamian casino mogul has sold his home at 830 W Dilido on the Venetian Islands which was originally developed by Todd Michael Glaser for $28.212 Million. Per public record, the seller is Diamond Seafront Group LLC, managed by Sebastian Bastian, CEO of Bahamian casino company Island Luck. The buyer purchased under a trust and is unknown. Chad Carroll, Eli Faitelson and Korina Evaniuk with The Carroll Group represented the seller’s in the off-market deal, while Jaime Blatt with Inside Network brought the buyer.

Developed by Todd Michael Glaser, the 3-story new construction home completed in 2021 by renowned DOMO Architecture & Design features 5 beds with 5 baths and 2 half baths on a 13,408 square-foot property overlooking the water. Features of the 12,351 square-foot estate include floor-to-ceiling glass sliding doors, a custom marble bar, movie theatre, fire pit, summer kitchen, 10-foot infinity-edge pool, and unobstructed views overlooking the Miami skyline.

Images Daniel Petroni

PROFILE Guide: A Beginner's Guide To 1031 Exchanges

"In this world, nothing is certain except death and taxes," as the famous quote by Benjamin Franklin goes. But what if we told you that there's a way to potentially defer paying those pesky capital gains taxes on the sale of an investment or business property? Enter the 1031 exchange, also known as a like-kind exchange or a Starker exchange.

So, what exactly is a 1031 exchange and how does it work? Simply put, it's a tax-deferred exchange of investment or business property that allows you to sell a property, reinvest the proceeds in a new property, and defer paying capital gains taxes on the transaction. This means that you can potentially save a significant amount of money on your investments.

To qualify for a 1031 exchange, the properties being exchanged must be of "like-kind," meaning they must be similar in nature or character, even if they are not exactly the same. For example, a rental property could be exchanged for a commercial property, or a vacation home could be exchanged for an investment property.

There are a few important rules to keep in mind when conducting a 1031 exchange:

1. The exchange must be made for business or investment purposes, not for personal use.

2. Both the original property and the new property must be held for productive use in a trade or business or for investment.

3. The properties being exchanged must be of "like-kind," as described above.

4. The exchange must be completed within specific time limits. The investor must identify the new property within 45 days of the sale of the original property, and the exchange must be completed within 180 days of the sale of the original property.

5. The exchange must be conducted through a qualified intermediary, a third party who holds the proceeds from the sale of the original property until they are reinvested in the new property.

6. The investor must not receive any cash or other personal benefits from the exchange.

So, if you're looking to potentially save money on your investments and reduce the impact of taxes, a 1031 exchange may be worth considering. You can partner with a real estate broker to help you navigate the acquisition and disposition of assets: Just be sure to carefully review the rules and requirements and seek the advice of a qualified professional, such as a tax lawyer or CPA, before proceeding.

Beyonce, Elton John and Guns N' Roses Former Manager Lists Penthouse Atop Brickell's Exclusive Santa Maria Bayfront Condo Tower For $15 Million

A rare two-story penthouse in Brickell’s exclusive Santa Maria condominium tower with stunning views of Miami's crystal blue waters and city skyline just hit the market for $15 million. The unit is owned by Merck Mercuriadis, the former manager of Elton John, Beyonce, & Guns N’ Roses, and owner of Hipgnosis, the music catalog that partnered with Blackstone Group.

Coming in at six bedrooms and eight bathrooms, the 10,000-square foot property’s milk and honey lies in the private rooftop pool and expansive outdoor terrace space. Entertaining is top of mind with a grand living room and family room. The contemporary kitchen features a walk-in pantry and separate butler's pantry. In addition, find a wine cellar, a massive bedroom with a huge walk-in closet, a study, private foyer entry, formal dining room and more.

Building amenities include a private marina, lighted tennis court, waterfront clubhouse, lap pool and hot tub, and state-of-the-art fitness center.

Santa Maria PH 4902 is listed for $15 million by Liz Hogan with Compass.

Images via 1Oak Studios / Liz Hogan

Pinecrest Spec Home Sells For Record $10.25 Million

A spec home in Pinecrest has just sold for a record $10.25 million which is the priciest sale ever in Pinecrest. The newly constructed home is located at 6155 SW 106th Street and spans 9,886 SF spread over 7 bedrooms and 8.5 bathrooms on a 1.06 acre lot. Angel Nicolas and Jose Nicolas with Compass represented the buyer, while Jo-Ann Forster with Compass represented the seller.

The home features walls of glass to take in 360 views of tranquil water elements, sunlight, and foliage. The estate also features smart home technology, high end finishes, home theater, elevator, large den, two driveways and a 1, 300 SF primary suite with sitting area, spa-like bathroom and walk-in closet with laundry. Folding glass doors provide seamless indoor/ outdoor living, opening to a 75' tiled pool and jacuzzi, summer kitchen with electric screens, and cabana with dramatic marble slabs and full bath.

Inside PROFILEconnect: The Evolution of Downtown Miami Into a Global Cultural And Business Hub

On Tuesday, November 15th, PROFILEmiami teamed up with PARAMOUNT Miami Worldcenter, Royal Palm Companies, PMG and E11EVEN Partners to host PROFILEconnect: The Evolution of Downtown Miami into a Global Cultural and Business Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders for an evening soirée of networking and cocktails, while hearing from the top developers transforming Downtown Miami into a global cultural and business hub. Guests enjoyed cocktails by E11EVEN Vodka as well as juice and bites by Pura Vida while they heard from a panel including Michael Simkins of E11EVEN Partners, RPC CEO Dan Kodsi, PMG Managing Partner Dan Kaplan and moderated by legendary architect Kobi Karp. The evening was hosted by PROFILEmiami Co-Founders Demetri Demascus and Katya Demina, CEO of RPC Dan Kodsi and Michael Simkins of E11EVEN Partners.

The evening was attended by an exclusive group of top real estate industry leaders and executives including Michael Simkins, Dan Kodsi, Kobi Karp, Nancy Karp, Dan Kaplan, Patrick Lee, Scott Sherman, David Eyzenberg and Eva Garzon, amongst others. Guests had the opportunity to network and share their experiences developing and building in South Florida through thoughtful discourse, while forging new relationships with senior executives.

The event was sponsored by Eyzenberg & Co., Shorecrest Construction, KOPU Water, Artefacto, ALTARA Properties, University of Miami Herbert Business School, Torose Equities, Master Brokers Forum, Galium Capital, Lionheart Strategic Management, Finvarb Group and The Allen Morris Company.

PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting and is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests had the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders. The third edition of PROFILEconnect is being organized for Q1 2022.

Record Breaking Condo Sale At The Bristol In West Palm Beach Tops $3,364 Per Square Foot

A 3-bedroom condo at The Bristol in West Palm Beach has just traded for $12,025,000, marking a record sale at the iconic condo tower at $3,364 per square foot. Samantha Curry and Daniel Ekerold with Douglas Elliman represented the seller, while Brooke Murphy and Kyle Blackmon of Compass represented the buyer.

Located at 1100 S Flagler Drive #1403, the stunning 3 bed + den residence features over 4,200 total square-feet, including 2 spacious terrace and breathtaking direct ocean and intracoastal views from the living room, dining room, master suite, and kitchen with dramatic 11-foot sliders/windows. The master suite features dual master baths and dual dressing rooms. The residence was sold fully furnished with all designer furniture and decor by Artefacto. Other finishes include electronic shades/blackouts, custom closets, speakers, and marble flooring throughout.

The Bristol features world-class amenities including two immaculate spas, waterfront fitness center, stunning beauty salon, spacious outdoor entertaining terrace, club lounge, private dining room, conference room, 75-foot swimming pool, indoor, outdoor jacuzzi, card room and more.

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. 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