The Real Deal Miami

Sunset Islands home sells for $20 million

Four-bedroom home was among the priciest sales closed in 2012.

January 11, 2013 01:30PM
By Alexander Britell

The Sunset Islands

A home at 2550 Bay Avenue on Sunset Island #2 off Miami Beach has closed for $20 million, The Real Deal has learned.

The four-bedroom, four-bathroom home, which has 7,209 square feet of living space, officially closed at the end of December, according New York-based real estate information firm Streeteasy.

The seller was Jorge Chammas Neto, who paid just $2.15 million for the property when he bought it in 1991, according to the Miami-Dade County Property Appraiser’s office. The buyers were Anne and Patrick Markert.

The sale marks one of the largest of 2012. Another Sunset Island home (on Sunset Island #2) at 1835 West 27th Street recently closed for $12.9 million.

It was was not listed on the MLS.

2 Responses to “Sunset Islands home sells for $20 million”

  1. January 11, 2013 at 6:15 pm, Kevin Tomlinson said:

    This home was on Sunset II. It sold for land value. It is at the tip of the Island next to Robert Toll’s property.

    http://www.southbeachrealestateblog.com/2008/10/08/miami-beach-real-estate-sunset-island-lots-sell-for-record-225m/

  2. May 15, 2013 at 9:17 pm, sohbet said:

    I like to look around the online world, regularly I will just go to Digg and follow thru…ee

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