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

1840 South Bayshore Lane in Coconut Grove
1840 South Bayshore Lane in Coconut Grove

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. 

South Bayshore Lane

1840 South Bayshore Lane

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.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“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.