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South Florida

Vacant Star Island property trades for $10.5M

27 Star Island Drive (inset: John Jansheski)
27 Star Island Drive (inset: John Jansheski)

A vacant residential property next to DenTek founder and CEO John Jansheski’s Star Island mansion changed hands for $10.5 million, The Real Deal has learned.

Villa Maria Helena Holdings sold the 40,000-square-foot parcel adjacent to 27 Star Island Drive on May 23, according to Miami-Dade County records. The county recorded the transaction on Friday. Jeannette Varela is identified in the deed as Villa Maria’s managing member.

MIP 28 Star Island is the buyer. The company is registered in Delaware, which does not identify principals in its state corporate records. MIP did not obtain financing for the purchase.

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The buying company lists 27 Star Island Drive as its mailing address on the deed. The 10,444-square-foot mansion at 27 Star Island Drive is owned by Knoxville, Tenn.-based Starboard Florida IV. Jansheski is Starboard’s managing member.

Jansheski paid $10.8 million for 27 Star Island Drive in May 2011. He put it on the market for $21 million in March 2012 but was unable to find a buyer.

Jill Eber and Jill Hertzberg of The Jills brokerage team at Coldwell Banker arranged the transaction on behalf of the seller. Lipe Medeiros of Douglas Elliman Real Estate represented the buyer.

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Island Real Estate