Sunset Island mansion back on the market after $2M price cut

Home was designed by noted Miami architect Russel Pancoast

TRD MIAMI /
Feb.February 08, 2016 12:00 PM

A waterfront mansion on one of Miami Beach’s Sunset Islands is back on the market after its price was cut by $2 million to $11.9 million.

The home, located at 1616 West 28th Street on the northernmost island, was first put up for sale by owner Marsha Rappaport for $13.9 million in early 2015.

It’s a 1930’s-era estate that was built by noted architect Russell Pancoast, who designed a number of historic buildings in Florida like the original Surf Club in Miami Beach.

In 2000 — three years after Rappaport paid $1.125 million for the estate — the home underwent an extensive renovation, which included partial demolition and rebuilding. More recently, Rappaport installed a new dock and seawall, according to Miami-Dade County records.

Nelson Gonzalez of Esslinger Wooten Maxwell has the listing. The asking price breaks down to $1,389 per square foot.

Measuring 8,567 square feet, the estate has eight bedrooms, seven bathrooms and 100 feet of water frontage on its nearly half-acre lot.

Some its updated features: a modern kitchen, marble and herringbone oak floors, updated master bathroom complete with standing shower and tub, plus a redone swimming pool that faces the water.


Related Articles

arrow_forward_ios
1835 West 27th Street and Oren Alexander

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

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

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

Steve Witkoff and the property at 2805 Lake Avenue

Developer Steve Witkoff revealed as buyer of Sunset Islands home

Peter D’Aloia and 1435 West 27th Street

Former Honeywell exec trades Sunset Islands home for Fisher Island condo

2979 Flamingo Drive, Jean-Louis Denoit and Nelson Gonzalez

Elysee Miami designer sells Miami Beach home for $7.5M

2125 Lake Avenue (Credit: Realtor)

Chicago buyer pays $19M for Sunset Islands mansion

Miami Beach hedge funder sells Sunset Islands spec home

Yext founder revealed as buyer of $17M Miami Beach home: sources

arrow_forward_ios