Venetian-style estate in Coconut Grove to be auctioned May 18

Miami /
May.May 06, 2016 02:20 PM

A Venetian-style bayfront estate in Coconut Grove is heading to the auction block on May 18.

The 9,947-square-foot mansion, with 30-foot vaulted ceilings, stained glass windows and Jerusalem stone floors with Palladian designs will be open to live bidders for a minimum bid price of $5.6 million after being on the market for $7.9 million. 

Listing agent Toni Schrager, co-founder of Avatar Real Estate Services, and Fisher Auction Company, will handle the sale of the six-bedroom home at 1840 South Bayshore Lane.

“It’s just like a house on the grand canal in Venice,” Schrager told The Real Deal. The property includes a keystone swimming pool, large stone fireplace, gourmet chef’s kitchen with La Cornue, Sub-Zero and Miele appliances, an art studio and library tower and high-end finishes, according to a press release. It also features at least $1 million worth of stonework around the windows, Schrager said.

Property records show the owners are Richard and Cristina Daniels, who paid $750,000 for the plot in 2000. They custom-built the three-story home in 2009 on a 11,851-square-foot lot. Schrager said the home was “much too big for them” and that they have already moved out. The fourth floor is a rooftop deck, she said.

Bidders are required to pre-register two days prior to the on-site auction.

Several high-end South Florida homes have hit the auction block recently, including a 1930s-era home on Miami Beach’s ritzy Pine Tree Drive, set to be auctioned on Monday; an oceanfront estate in Vero Beach earlier this month; and a 1937 Miami Beach home owned by a Miami Beach developer was auctioned on Friday with a reserve of $3.9 million.


Related Articles

arrow_forward_ios
2550 South Bayshore Drive, Coconut Grove (JLL)
Here’s how much Suntex paid for Monty’s Raw Bar and adjacent marina in Coconut Grove
Here’s how much Suntex paid for Monty’s Raw Bar and adjacent marina in Coconut Grove
Jorge Pérez with One Park Grove (Getty, Robin Hill)
Related developer Jorge Pérez buys condo at one of his Miami projects
Related developer Jorge Pérez buys condo at one of his Miami projects
Stephanie & André Dua with 3829 Stewart Avenue, Miami. (LinkedIn via Stephanie Dua, Mckinsey & Company, Lifestyle Production Group for ONE Sotheby’s International Realty)
Ceres Global Advisory founder sells Coconut Grove home
Ceres Global Advisory founder sells Coconut Grove home
Fuse Group CEO Eyal Peretz and Metronomic's Ricky Trinidad with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic)
Bankruptcy judge paves way for Metronomic property auction
Bankruptcy judge paves way for Metronomic property auction
3608 Stewart Ave, Miami (Redfin)
Entity tied to private equity firm buys Coconut Grove spec home for $5M
Entity tied to private equity firm buys Coconut Grove spec home for $5M
3187 Royal Road, Coconut Grove (Realtor)
Ransom Everglades sues developer Caroline Weiss over backyard boat dock
Ransom Everglades sues developer Caroline Weiss over backyard boat dock
Matthew B. Gorson and One Park Grove (Google Maps)
Greenberg Traurig chairman pays $7M for One Park Grove condo
Greenberg Traurig chairman pays $7M for One Park Grove condo
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)
Miami developer Metronomic files for bankruptcy
Miami developer Metronomic files for bankruptcy
arrow_forward_ios

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

Loading...