Demolished 42 Star Island scores homestead exemption

Miami /
Mar.March 31, 2014 03:00 PM

Legally speaking, you don’t necessarily need to live at your home to claim a homestead exemption. Case in point: 42 Star Island.

Preservationists lost the fight to save the 89-year-old mansion from a celebrity couple set on demolishing it. And last week, the home was finally destroyed. But that hasn’t kept the owners, Leonard and Lisa Hochstein —a plastic surgeon known as the “boob god,” and a cast member of Bravo’s “The Real Housewives of Miami” — from claiming it as their primary residence for tax purposes.

In fact, the couple scored a $50,000 homestead exemption on the Star Island property, according to the Miami Herald.

“It’s an ‘all-the-facts-and-circumstances’ test,” said Tallahassee lawyer Tom Findley, who has represented the Florida Association of Property Appraisers. “You don’t necessarily have to reside there, but you do have to have the intent to make it your permanent residence.” [Miami Herald]Christopher Cameron


Related Articles

arrow_forward_ios
Moishe Mana, 48 East Flagler Street (left) and 76 East Flagler Street (right) (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Google Maps)
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
Moishe Mana’s downtown Miami tenants allege fraudulent eviction
The Deauville Beach Resort at 6701 Collins Avenue (Google Maps, Office of the City Manager)
Miami Beach orders historic oceanfront Deauville resort to be demolished
Miami Beach orders historic oceanfront Deauville resort to be demolished
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Rest of Champlain South to be demolished Sunday ahead of Tropical Storm Elsa
Rest of Champlain South to be demolished Sunday ahead of Tropical Storm Elsa
Naples mansion that sold for $48.8M is demolished to make way for a new one
Naples mansion that sold for $48.8M is demolished to make way for a new one
Naples mansion that sold for $48.8M is demolished to make way for a new one
Livin’ on a tear-down: Jon Bon Jovi is razing and replacing his Palm Beach home
Livin’ on a tear-down: Jon Bon Jovi is razing and replacing his Palm Beach home
Livin’ on a tear-down: Jon Bon Jovi is razing and replacing his Palm Beach home
City of Homestead may demolish its “field of dreams” baseball stadium
City of Homestead may demolish its “field of dreams” baseball stadium
City of Homestead may demolish its “field of dreams” baseball stadium
Redevelopment of CocoWalk advances as demolition starts on property’s east side
Redevelopment of CocoWalk advances as demolition starts on property’s east side
Redevelopment of CocoWalk advances as demolition starts on property’s east side
Palm Beach plans to simplify demolition permit process
Palm Beach plans to simplify demolition permit process
Palm Beach plans to simplify demolition permit process
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...