The Real Deal Miami

Turchin Companies’ owner lists Miami Beach estate for $9.8M

Turchins paid $630,000 for the Dilido Island property in 1993

October 07, 2015 01:30PM
By Katherine Kallergis

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215 East Dilido Drive

215 East Dilido Drive in Miami Beach

John Turchin, head of the Miami Beach-based Turchin Companies, has listed his Dilido Island home for $9.8 million, The Real Deal has learned. 

Listing agent Martina Formanek and owner John Turchin

Listing agent Martina Formanek and owner John Turchin

Turchin and his wife, Susan are looking to sell their restored Mediterranean-style estate at 215 East Dilido Drive, listing agent Martina Formanek told TRD. “It’s more for an art lover or someone who wants to keep it as it is,” she said. “Everybody is tearing down original homes nowadays.”

The late Russell Pancoast, a Miami Beach architect, designed the five-bedroom, five-and-a half bathroom home, built in 1937. The two-story home spans 5,163 square feet, according to the listing. It’s surrounded by tropical landscaping and sits on a 10,500-square-foot lot on Biscayne Bay. The Turchins updated the property with imported coffered ceilings and fresco ceilings, and stone and wood flooring.

The exterior features a swimming pool, Jacuzzi, courtyards, 60 feet of water frontage and a 50-foot dock.

Formanek, of ONE Sotheby’s International Realty, said she has shown the home to domestic and European buyers. The Turchins paid $630,000 for the Dilido Island property in 1993, Miami-Dade records show.

The Turchin Companies is a construction, development, design, marketing and management company. It was founded in 1927 by Ben Turchin.