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Waterfront Miami Beach home sells for $9.35M

401 East Rivo Alto Drive in the Venetian Islands
401 East Rivo Alto Drive in the Venetian Islands

A recently redeveloped Miami Beach home on Rio Alto Island sold to Richard Comras for $9.35 million, The Real Deal has learned. 

Julian Johnston and Dora Puig

Julian Johnston and Dora Puig

440 Somma LLC, an entity tied to Miami Beach-based Aquablue Group, sold the 10,500-square-foot property, also known as Villa Swan, listing agent Julian Johnston told TRD. Johnston, of Calibre International Realty, said the waterfront home was completed in 2014.

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Dora Puig, owner and broker of Luxe Living Realty, represented Comras, whose brother Michael was part of a partnership that sold an entire block of Lincoln Road for $370 million last month.

The seven-bedroom, seven-bathroom and one-half home at 401 East Rivo Alto Drive, features Italian furnishings, state-of-the-art lighting, high ceilings and natural light. The property also includes a bayfront pool, Ipe wood dock and a courtyard entrance.

It last sold in 2012 for $3.17 million, according to Miami-Dade County property records. The AquaBlue Group, led by Philippe Harari, is a boutique design and development firm. In its portfolio are single-family homes and a boutique South-of-Fifth office project, SoFi Executive, according to AquaBlue’s website.

The sale has not yet cleared county records.

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