The Real Deal New York

Gloria and Emilio Estefan-owned villa listed for $40M

The South Florida estate last sold for $1.84 million

March 01, 2015 10:00AM
By Ina Cordle and Katherine Kallergis

Emilio and Gloria Estefan, 1 Star Island Drive, and The Jills

Emilio and Gloria Estefan, 1 Star Island Drive, and The Jills

From the South Florida website: “Nena’s Villa,” a Star Island mansion owned by entertainment industry heavyweights Gloria and Emilio Estefan has hit the market asking $40 million.

The Estefans — who have collectively received 26 Grammy Awards — actually live in another mansion at 39 Star Island Drive. “They own a beautiful property on two acres, on Star Island,” said Jill Eber of Coldwell Banker, who listed the home with her partner Jill Hertzberg. “This was a guest house for them that they were not using any more.”

The 1.34-acre estate, located at 1 Star Island Drive in Miami Beach, last sold in November 1993 for $1.84 million. The property consists of a main house, built in 1940, and a guest house built in 1995, property records show. The main villa has 4,747 square feet, with four bedrooms and five bathrooms. The 2,661-square-foot guest house has three bedrooms and three bathrooms. It was offered as a rental for $30,000 a month in 2013.

“The property is phenomenal,” Eber told TRD. “It’s a just under 60,000-square-foot lot, with 240 feet on the bay with spectacular views to downtown and the bay.”

In addition to the Estefans, Star Island is home to Sean “Diddy” Combs; the “Boob God” Leonard Hochstein and his wife, Lisa, of the Real Housewives of Miami who have torn down their home and are constructing a new mansion; billionaire Phillip Frost and Lennar Corp. Chief Executive Stuart Miller, who is seeking Miami Beach design review board approval to rotate his home and build a new 22,00o square-foot mansion the newly created space.

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