The Real Deal Miami

Inside look: Waterfront Palm Island home listed for $9.6M

Owners have the property on the market for rent, as well: $45,000 a month

November 24, 2015 04:00PM

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Rooftop of 233 North Coconut Lane Water view of 233 North Coconut Lane Bathroom at 233 North Coconut Lane Interior of 233 North Coconut Lane Pool at 233 North Coconut Lane

The founder of a multi-level marketing company has listed his Palm Island home for $9.6 million, or $1,453 per square foot.

Nick and Ashley Sarnicola own the five-bedroom, four-bathroom home at 233 North Coconut Lane. Nick is a co-founder of ViSalus Sciences, a Los Angeles-based company that markets weight management nutritional products, dietary supplements and energy drinks in the United States, Canada and United Kingdom, according to published reports.

Julian Johnston of Calibre International Realty is listing the 6,600-square-foot waterfront home. It features a 1,500-square-foot rooftop deck, polished volcanic stone flooring and floor-to-ceiling windows, according to a press release. It’s also available for rent at $45,000 a month, according to the MLS.

Miami-Dade County property records show that the Sarnicolas paid $6.5 million in 2013 for the home, which sits on a 7,000-square-foot lot. It was developed in 2010.

Palm Island is no stranger to multimillion-dollar residences. In July, a 30,000-square-foot estate at 130 Palm Avenue in Miami Beach sold for $8.6 million. Al Capone’s former mansion, at 93 Palm, is getting a facelift and new life as a production, filming and photo shoot venue, TRD previously reported.  And earlier this year, 10 Palm Avenue was listed for a whopping $39 million. Former executive and hospitality CEO Christian Jagodzinski owns the property. — Katherine Kallergis