The Real Deal Miami

Venetian Islands home in Miami Beach sells for $6M

Last recorded sale price was in 2007 for $6.9M

August 17, 2015 09:45AM
By Katherine Kallergis

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205 East San Marino Drive in Miami Beach

205 East San Marino Drive in Miami Beach

An 18,375-square-foot estate on San Marino Island in Miami Beach has sold for just more than $6 million, according to Miami-Dade County records.

Biscaya San Marino Holdings sold the five-bedroom, five-bathroom and one half-bath home at 205 East San Marino Drive. A Doral-based LLC, Azenda Properties, was the buyer.

The two-story, Mediterranean-style residences was built in 1938, property records show. It was last sold out of foreclosure in July 2014 for an undisclosed amount. Before that, it sold for $6.9 million in 2007.

The 5,982-square-foot Venetian Islands home features marble floors, a pool and dock. It was renovated in 1988, according to the listing. Oded M. Kaiser and Pablo A. Camposano, principals of Ocean Max Realty, are managers on the seller’s LLC. Robles International Realty represented the buyer, which lists manager Aida Pertsch on its corporate records.

Previous owners include former El Popular publisher Marco Laureti and his wife, Giovanna. El Popular was an alternative Hispanic newspaper in South Florida.

Earlier this year, tech executive Tom Jermoluk sold his waterfront home at 1374 South Venetian Way for $7.9 million. And a half-acre vacant lot on San Marco Island sold for $10.5 million in April, more than ten times its last sale.

  • Jozsef Poór

    Interesting so it was purchased at an undisclosed amount and sold for $6 million. The person who bought at foreclosure made money, so why the article “home in Miami Beach sells at loss..” Did the seller declared that he lost from the “undisclosed amount” he bought for?
    I wonder how “undisclosed amounts” enter into capital gain tax records. Did I just found a loophole?

    • Katherine Kallergis

      Hi Jozsef. Thanks for your comment. We’re looking into the last sale amount, and have updated the headline.