The Real Deal Miami

South Florida by the numbers: Focus on Miami’s Megalistings

May 21, 2015 03:00PM
By Master Brokers Forum

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1 Casuarina Concourse

1 Casuarina Concourse in Coral Gables

“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

Cue the “2001: A Space Odyssey” music … and behold … the Megalistings! Miami’s continued real estate recovery has certainly produced some mind-warping listing prices in recent months; as outsized, diverse, and spectacular as the city itself. You may notice that this big-number club only includes single family homes (which, if you think about it, is only fair — how else can these attention-starved estates compete with all those headline-hogging condos)? Only time will tell if and how long these stately mansions will stay on the market, so for now, simply bask in the glory of this Miami Megalistings edition of South Florida by the Numbers.

$75 million: Little is known about this Star Island estate, listed by Daniel Bortunk of Wide Bay Luxury. Its description is quite sparse compared to its competitors, and it has not generated much news coverage. It is, however, the most expensive current listing in Miami. []

$67 million: This Gables Estates home, owned by Miami auto magnate Alan Potamkin, made big headlines when it hit the market earlier this month. Listed by The Jills, the extraordinary 20,862-square-foot home, sits on a 3.6-acre lot that juts into Biscayne Bay. Potamkin bought the property in 1987 for “just” $2 million. [The Real Deal]

$65 million: “La Brisa” is a historic Coconut Grove mansion located at 3551 Main Highway, with nearly 14,000 square feet of living space. Built in 1920 by the same architect who built Vizcaya, it was nearly destroyed by Hurricane Andrew, but was eventually restored by its present owner. The 6.9-acre lot features extremely lush foliage and a private port off of Biscayne Bay that can easily accommodate a 70-foot yacht. The home is listed by William Pierce. [Local 10]

$55 million (Originally $60 million): Key Biscayne’s Mashta Point is an extremely rare, unique, and historic property. Noted for its distinctive hook-shaped peninsula at the tip of Mashta Island, it was originally built by William J. Matheson as his private cove and deepwater anchorage, and was the site of lavish festivities welcoming the likes of the Vanderbilts, Carnegies, and Mellons during the 1920s. The original home has since been replaced by a 12,000-square-foot, five-story residence, and the entire property is listed by Jorge E. Uribe. [Curbed Miami]

$40 million: Get on your feet, do that conga, and get ready to hand over way more than 1, 2, 3 if you want to buy this 6,500-square-foot Star Island house owned by Miami musical icon Gloria Estefan. Listed by The Jills, this seven-bedroom and nine-bathroom palace sits on a corner lot, and has unobstructed views of Biscayne Bay and Downtown Miami. [The Real Deal]

This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.

  • Jordan Weiss

    40 Star Island for $75M? Really? I guess when it didn’t sell in the past for $29.5M or $35M a year later, $75M was only the natural next step.