Venetian Islands spec home sells for $12M

10,500 sf property last sold for $2.25M in 2012

Aug.August 26, 2015 09:45 AM

A luxury, waterfront home on Dilido Island in Miami Beach sold for $12 million on Monday, The Real Deal has learned.

The 6,400-square-foot home was designed by architect Max Strang, and includes six bedrooms, six bathrooms and one half-bath. It also features family and dining rooms that open into the backyard pool deck, views of Biscayne Bay and tropical landscaping. The property has 60 feet of water frontage.

Julian Johnston, of Calibre International Realty, brokered the sale. Luxury home developer Luis Bosch sold the 10,500-square-foot property in the Venetian Islands. Bosch, who is from Spain, has lived in Miami Beach for more than a decade and started developing homes in Palm Island. His next project is at 306 West San Marino, also in Miami Beach. It will be completed next year, Johnston told TRD.

“There are not too many houses on Venetian like it,” Johnston said. “There’s a lot of wood, rock – a modern style.”

New York-based 709 East Dilido Drive LLC, the seller, paid $2.25 million for the property in 2012, according to Miami-Dade County property records. Johnston would not reveal the buyers’ identity, but did say that they were from South America. 

Josh Stein of Gary Hennes Realtors represented the buyer, Hennes told TRD

The home also features Miele appliances, Delta lighting, an Italian Binova kitchen, interior design by New York-based Gachot, custom limestone floors and white oak floors. It was completed in June, Johnston said. The two-story home was on the market for $13.8 million.

Earlier this year, tech executive Tom Jermoluk sold his waterfront home at 1374 South Venetian Way for $7.9 million. And a half-acre vacant lot on San Marco Island sold for $10.5 million in April, more than ten times its last sale.

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