Newly built waterfront house in Miami Beach sells for $15M

Miami /
Dec.December 21, 2015 03:45 PM

The owners of a newly built home on Rivo Alto Island in Miami Beach just sold their property for $14.5 million.

Located at 303 East Rivo Alto Drive, the waterfront residence was finished earlier this year by owners Stephen and Athena Bradway.

It’s contemporary in style and features a wide open floor plan, outdoor pool, floor-to-ceiling glass windows and a wood deck overlooking 60 feet of water frontage.
Dora Puig of Luxe Living Realty represented the sellers, who she said had been on the fence about getting rid of their custom-built house.

On the other side of this off-market deal was Horacio LeDon of Douglas Elliman, who brought the buyers: two New York clients who are finally taking the plunge on moving to Florida after several years of discussion. He declined to name them, and the sale has not yet cleared public records so their identities are unknown.

“They’re big fans of architecture and design,” LeDon said. “They definitely skew toward contemporary.”

The house has 6,182 square feet of interior space, so this sale breaks down to a whopping $2,345 per square foot.

The Bradways paid $1.625 million for 393 East Rivo Alto Drive in 2010, according to Miami-Dade County property records. At that time, the property was a Spanish-style home that was built in the 1940s and measured 2,907 square feet.

Puig said the Bradways originally renovated that home, but eventually decided to raze it instead and build the new two-story contemporary house.

“In Miami Beach, design pays,” Puig said. “The finishes are stunning.”


Related Articles

arrow_forward_ios
Finvarb's Ronny Finvarb and 1685 Washington Avenue (Finvarb Group, Google Maps, iStock)
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Stephen Ross, Miami Beach Commissioner Kristen Rosen Gonzalez, Miami Beach Mayor Dan Gelber and Frank Gehry with the Deauville Beach Resort (Wikipedia, Getty, Visit Florida, Related, Rosen Gonzalez)
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
BH Properties' Steve Gozini and Vornado's Steven Roth with 1100 Lincoln Road (BH Properties, Getty, Google Maps)
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
The apartment building at 1770 Meridian Avenue, Miami Beach with Victory Investments Group CEO Anil Monga (Google Maps)
Hotel Astor owner buys Miami Beach apartment building
Hotel Astor owner buys Miami Beach apartment building
Leon Patitsas, CEO of Atlas Maritime, and 225 North Hibiscus Drive in Miami Beach (LinkedIn/Leon Patitsas, Redfin)
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
The lot where the Champlain Towers South once stood (Getty)
Settlement in Surfside condo collapse now over $1B
Settlement in Surfside condo collapse now over $1B
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
A photo illustration of the Apogee Residences Miami Beach at 800 South Pointe Drive (Zilbert, iStock)
Closing at Apogee tops Miami-Dade’s weekly condo sales
Closing at Apogee tops Miami-Dade’s weekly condo sales
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...