Priciest Pinecrest home sale this year yields $5.5M

A relocating family from Central America bought the newly built, 8,000-square-foot residence

Sep.September 10, 2016 10:00 AM

A newly built, 8,000-square-foot house in Pinecrest sold for $5.5 million, the highest-priced house sale in so far this year in Pinecrest.

A family moving to South Florida from Central America paid $655 per square foot in cash for the house at 9701 Southwest 63 Court, which had been on the market for three months.

Tony Rodriguez-Tellaheche, co-founder and broker of Prestige Realty Group, represented the sellers, Giorgio and Adi Balli, who paid $1 million for house’s the 40,510-square-foot lot in 2014.

The house they built there has six bedrooms, six full bathrooms, one half bathroom, a wine cellar for as many as 400 bottles, a home theater and an outdoor kitchen.

The property also features a lap pool, a sauna in the master bathroom, an indoor courtyard with a waterfall, limestone floors,  and a three-car garage.

Rodriguez-Tellaheche told the Miami Herald that the residential real estate market in Pinecrest has been growing since 2011 and “there is currently a strong demand for new construction homes in the $4 million-$6 million range.”

Miami Heat guard Tyler Johnson last month bought a preowned home at a nearby address for $4.87 million or $478 per square foot. [Miami Herald]Mike Seemuth

Related Articles

9121 Southwest 62nd Court (Credit: Realtor)

Retired US Steel CEO buys Pinecrest mansion

From left: Dion Waiters, James Johnson, Erik Spoelstra, Dwayne Wade, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

Heat Map: Here are the homes of Miami Heat’s elite

Zillow CEO Rich Barton (Credit: iStock)

Zillow Offers launches in South Florida

(Credit: iStock)

Rough quarter: Resi sales fall in Broward, increase slightly in Miami-Dade

Miami skyline (Credit: iStock)

Bringing some sunshine to South Florida’s opaque resi report outlook

June residential sales plummet (Credit: iStock)

Resi sales plummet across South Florida’s three counties in June

South Florida skyline (Credit: iStock)

South Florida resi markets reported choppy sales in Q2: Elliman

The Miami skyline (Credit: iStock)

South Florida home sales rise in May as price growth slows