Gloria and Emilio Estefan-owned Star Island villa listed for $40M

“Nena’s Villa,” a Star Island mansion owned by Gloria and Emilio Estefan was just listed for $40 million, The Real Deal has learned.

The 1.34-acre estate at 1 Star Island Drive in Miami Beach, last sold in November 1993 for $1.84 million. The property consists of a main house, built in 1940, and a guest house built in 1995, property records show. The main villa has 4,747 square feet, with four bedrooms and five bathrooms. The 2,661-square-foot guest house has three bedrooms and three bathrooms.

Jill Eber and Jill Hertzberg, of the Jills, of Coldwell Banker, have the listing.

“The property is phenomenal,” Eber told TRD. “It’s a just-under 60,000-square-foot lot, with 240 feet on the bay with spectacular views to downtown and the bay.”

Eber also cited the property’s “magnificent” landscaping.

“You can create whatever you want with this property,” Hertzberg said.

The Estefans actually live in another mansion on the exclusive island retreat, at 39 Star Island Drive. “They own a beautiful property on two acres, on Star Island,” Eber said. “This was a guest house for them that they were not using any more.”

The newly listed property’s guest house has been offered for rent in the past, and was marketed for $30,000 a month in 2013, as originally reported by TMZ.

In addition to the Estefans, Star Island is home to Sean “Diddy” Combs; the “Boob God” Leonard Hochstein and his wife, Lisa, of the Real Housewives of Miami — who have torn down their home and are constructing a new mansion; billionaire Phillip Frost and Lennar Corp. Chief Executive Stuart Miller, who is seeking Miami Beach design review board approval to rotate his home and build a new 22,00o square-foot mansion the newly created space.