The Real Deal Miami

Italian restaurateur lists newly redeveloped home in Miami’s Bay Point for $14M

Lakefront home was gut-renovated, now asking nearly $2,000 psf

November 30, 2016 03:00PM

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4445 Lake Avenue in Miami. Inset: Nicola Schon (Credit: Getty Images)

4445 Lake Avenue in Miami. Inset: Nicola Schon (Credit: Getty Images)

Italian restaurateur Nicola Schon has completed his waterfront, Italian-style home in Miami’s Bay Point neighborhood and hired the Jills to sell it for $13.9 million.

Schon, who owns Quattro Gastronomia Italiana in South Beach, owns the property at 4445 Lake Road through an LLC. Records show the entity paid $2.55 million for the 23,020-square-foot site in 2011 and completed a partial demolition of the 1957 home and made additions to the property.

The Jills of Coldwell Banker are listing the six-bedroom, 7,000-square-foot home for nearly $2,000 a foot, an asking price that’s on par with other new construction in the neighborhood. Architect Luigi Vitalini and designer Fabrizio Cocchi, both of Italy, designed the single-story house overlooking Sabal Lake. It features millwork, marble, appliances and furniture from Schon’s home country, in addition to a fireplace, spa, sauna, steam room and gym, and staff quarters. The property includes 111 feet of lake frontage and a private concrete dock.

Bay Point is home to the “King of Latin Pop” Enrique Iglesias, who upgraded to a waterfront mansion on Sabal Point Road in 2013.

Schon is a partner of the Miami Beach-based KNR Restaurant Group. Quattro, which has locations in New York City and Mexico City, is a high-end restaurant at 1014 Lincoln Road. His Bay Point home includes an outdoor kitchen with a grill, refrigerator, ice maker and wood-burning pizza oven.

Schon is also a real estate investor: in 2010, he paid $1.8 million for a condo at the Epic in downtown Miami and persuaded 19 of his Italian friends to buy units there as well, according to the Miami Herald.  – Katherine Kallergis

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