The Real Deal Miami

Venetian Islands home listed for sale at $11.5M

Sellers spent $500,000 on the kitchen alone

June 09, 2015 09:45AM
By Sean Stewart-Muniz

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The home at 440 West Dilido Way and Jeff Miller of Zilbert International Realty

The home at 440 West Dilido Way and Jeff Miller of Zilbert International Realty

A freshly built waterfront home on the Venetian Islands has just been listed for sale at $11.5 million, The Real Deal has learned. 

The home, at 440 West Dilido Way, was just completed this year by owners Ricardo Moraes and Maria Gonzalez Moraes, according to Miami-Dade County property records. Ricardo Moraes is the U.S. distributor for Officine Gullo, a design company based out of Florence, Italy, that has worked exclusively with kitchens for the past 90 years.

Moraes spared no expense building his Venetian Islands dream home. The kitchen cost $500,000 to build — an Officine Gullo design, of course — and even the two-car garage door is made out of the same Ipe wood paneling as the pool deck and outer fence.

Listing agent Jeff Miller of Zilbert International Realty told TRD that the owners decided to move elsewhere, though he declined to go into more detail. He said to entice buyers, he threw in a membership to any beach club, plus a one-year subscription to the Anatomy fitness club, which starts at around $185 a month.

The home features open spaces, tall ceilings and a straight view to the bay. Other features include a 1,600-square-foot rooftop deck, oak floors throughout the home, and a massive retractable glass wall in the master bedroom than opens into the quarter-acre property’s backyard.

“More and more people are looking for single-family homes for the value,” Miller said. “When [buyers] look for a three-bedroom apartment, they’re confined to 3,000 square feet. For single-family homes, you can get a brand new product here for half the price and twice the size.”