A Miami Beach board approved Lennar CEO Stuart Miller’s new Star Island compound on Friday morning.
Miller, one of the country’s biggest homebuilders, will build a home to match his title: a 120,000-square-foot property (outdoor space included) with underground parking, a lagoon, guest houses and more.
The property’s trustee came back to the Miami Beach Board of Adjustment to receive approvals, again, for variances the board granted in July plus an additional elevation change. The board OK’d the requests, which included increasing the lot coverage and unit size.
Plans filed with the city in May reveal that the two-story home will surround an open lagoon with a waterfall, feature a library, chef’s kitchen, billiard and game room, wine room, motor court, gym and more. Domo Architecture + Design is designing the waterfront property, which takes up three Star Island lots, and Todd Glaser is part of the development team. Check out more renderings and details on the property here.
Miller, whose net worth ranges from $950 million to $1.5 billion, paid $27 million for the lots in 2006. He also owns 22 Star Island, which includes a 1931 mansion that Miller moved elsewhere on the 1.4-acre plot. There, he’s building a modern, two-story mansion that was approved last year.
Miller made $17.9 million last year, making him the fourth highest-earning South Florida executive.