The Real Deal Miami

Mansion on Miami Beach’s La Gorce Island sets record with $30M sale

European corporation buys 11-bedroom estate once owned by disgraced banker

June 24, 2013 03:00PM

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castello-del-sole

Castello del Sole interior

An 11-bedroom estate known as Castello del Sol has been sold for a record-breaking $30 million, making it the most expensive home ever bought on La Gorce Island in Miami Beach, according to EWM Realty International and Coldwell Banker, the brokerages handling the deal.

The mansion, at 42 La Gorce Circle, is tied for the third most expensive sale  in Miami-Dade County, MLS records show, the releases said. An unnamed European corporation purchased the property from another corporation, 1418518 Ontario Inc., which bought it in 2001 for $12.45 million.

Coldwell Banker  superstar broker team the Jills, aka Jill Eber and Jill Hertzberg, had the listing;  EWM’s top producer Esther Percal acted as the sales agent.

The home, which sits on a 70,914-square-foot lot, has 14  bathrooms and three half-baths, as well as 349 feet of Biscayne Bay water frontage. Former Centrust Bank Chairman David Paul,  convicted on fraud charges in 1993, once owned the property.

“You truly feel like you are in your own private resort, with lagoon-style pool, cascading waterfall, three teak docks with room for a large yacht, gym, tennis court and the most magnificent grounds,” Eber said in the Coldwell Banker statement.

“This is a stunning estate — one of the most unique properties on the Eastern Seaboard,”  Percal noted in the EWM release.  –Mark Maurer

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