Sunset Islands double lot listed for $23M

Together, two sites span 22,800 sf with 189 feet of water frontage

Oct.October 14, 2015 01:00 PM

Two adjacent estates in Miami Beach’s Sunset Islands have been listed for a combined $22.9 million, The Real Deal has learned.

The waterfront lots, at 1620 and 1630 West 21st Street, feature 22,800 square feet and 189 feet of water frontage, according to Fortune International Realty’s Allan Kleer and Fabian Garcia Diaz, who are both listing the properties on Sunset Island IV.

“We thought that putting the two properties together would satisfy a growing demand for big mansions on oversized lots,” Garcia Diaz told TRD.

Catania Properties owns the first, at 1620 West 21st Street. It’s also being listed on its own for $13.9 million. Local developer Michael Capponi built the six-bedroom, five-bathroom and one half-bath home, which spans 5,810 square feet. The LLC paid $5.175 million for the 8,700-square-foot lot in 2011, according to Miami-Dade property records. It features a heated pool, rooftop terrace for entertaining, as well as an Argentine grill and upscale outdoor kitchen.

The second is on the market for $9 million. The Kerr family estate owns the 4,155-square-foot home. It sits on a 14,183-square-foot lot and includes six bedrooms and six bathrooms. It was originally built in 1945, records show. The property includes a new, elevated seawall and two adjacent docks with electric lifts.

Together, the properties total 12 bedrooms, 11 bathrooms and one half-bathroom.

“The ultra luxury buyer – high net worth individuals and foreign nationals – are looking for brokers to be outside the box and this is an example of that,” Kleer said. “These buyers are very demanding.”

Both brokers said the docks could “easily park a 100-foot yacht.”

“It’s very rare to have over 160 feet of linear frontage so close to South Beach. It has all the benefits of being in a condo, but you’re in a single-family home,” Kleer said.

Residential properties in the Sunset Islands have been selling at a premium. In August, Miami’s “Boob God,” aka celebrity plastic surgeon Dr. Leonard Hochstein, sold a Sunset Islands mansion for $10.1 million. Also in August, a mid-century home was sold to a luxury homebuilding company for $8.2 million.

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