Sunset Islands double lot listed for $23M

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

TRD MIAMI /
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.


Related Articles

arrow_forward_ios
Rendering of Ten30 and Masoud Shojaee

Shoma Group launches lower-priced condo project near Lincoln Road

Condo at Glass Miami Beach sells at 15% loss

The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

Ritz-Carlton Residences Miami Beach

Dialysis exec nabs condo at Ritz-Carlton Residences Miami Beach

1835 West 27th Street and Oren Alexander

Venezuelan oil tycoon lists waterfront Miami Beach mansion for $17M

Miami Beach Mayor Dan Gelber and Natalie Nichols home at 1531 Stillwater Drive (Credit: Getty Images)

Miami-Dade judge strikes down Miami Beach short-term rental ban

Daily Digest Miami

Soffer in talks to buy Diplomat resort in Hollywood, 1-800 PetMeds founder sells Miami Beach house: Daily digest

1771 North View Drive, Julian Johnston, Enrique Iglesias, and Caterine Gomez (Credit: Getty Images)

Enrique Iglesias’ former Miami Beach home trades for $13M

arrow_forward_ios