The Real Deal Miami

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

Home was designed by noted Miami architect Russel Pancoast
The waterfront mansion at 1616 West 28th Street and EWM agent Nelson Gonzalez

The waterfront mansion at 1616 West 28th Street and EWM agent Nelson Gonzalez

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.