The Real Deal Miami

Miami Beach home re-listed for $17.5M

Home has custom finishes and Fendi furniture
By Sean Stewart-Muniz | August 18, 2015 12:00PM

The waterfront home at 5310 North Bay Road and listing agent Darin Tansey of Douglas Elliman

A waterfront mansion on Miami Beach has a new agent and a new price: $17.5 million.

The home, at 5310 North Bay Road, had been on the market for roughly seven months with VG Luxury Properties Realty Corp., a Sunny Isles Beach-based brokerage.

After three price cuts from the original $18.9 million listing, the owner had Darin Tansey of Douglas Elliman take over.

“It’s a revived listing of one of North Bay Road’s most timeless, elegant estates,” Tansey told The Real Deal. “This property was one that really flew under the radar due to lack of sufficient marketing.”

The Georgian-style mansion was built in 2006, measures roughly 8,148 square feet and sits on a quarter-acre lot on North Bay Road’s bayfront side.

Its interiors are custom-made, including Fendi furniture, maple floors in the master bedroom and gold finishes in the master bathroom. The home’s entrance leads to a grand foyer with 25-foot ceilings. It’s being sold turn-key, and includes high-end kitchen appliances, recessed lighting and televisions in every bedroom.

Other features include a large outdoor pool, home theater area and a wine room that can hold roughly 5,000 bottles.

“For the right price, we’ll get the wine included,” Tansey said.

Since he began marketing the property a week ago, Tansey said he’s had interest from referred clients within Douglas Elliman, as well as a professional athlete. The owner, whom Tansey declined to name, doesn’t live in Florida and is selling because the home doesn’t see as much use as he would like.

Miami-Dade County property records show that the home is owned by a company titled Unique Melo Holdings, which shows Italo de Melo as its president and director. The entity paid $9.1 million for the house in 2010.