The Real Deal Miami

Priciest Pinecrest home sale this year yields $5.5M

A relocating family from Central America bought the newly built, 8,000-square-foot residence

September 10, 2016 10:00AM

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9701 Southwest 63 Court, Pinecrest

9701 Southwest 63 Court, Pinecrest

A newly built, 8,000-square-foot house in Pinecrest sold for $5.5 million, the highest-priced house sale in so far this year in Pinecrest.

A family moving to South Florida from Central America paid $655 per square foot in cash for the house at 9701 Southwest 63 Court, which had been on the market for three months.

Tony Rodriguez-Tellaheche, co-founder and broker of Prestige Realty Group, represented the sellers, Giorgio and Adi Balli, who paid $1 million for house’s the 40,510-square-foot lot in 2014.

The house they built there has six bedrooms, six full bathrooms, one half bathroom, a wine cellar for as many as 400 bottles, a home theater and an outdoor kitchen.

The property also features a lap pool, a sauna in the master bathroom, an indoor courtyard with a waterfall, limestone floors,  and a three-car garage.

Rodriguez-Tellaheche told the Miami Herald that the residential real estate market in Pinecrest has been growing since 2011 and “there is currently a strong demand for new construction homes in the $4 million-$6 million range.”

Miami Heat guard Tyler Johnson last month bought a preowned home at a nearby address for $4.87 million or $478 per square foot. [Miami Herald]Mike Seemuth