Marco Iacovelli lists Star Island mansion for $65M

Miami /
Nov.November 01, 2016 03:00 PM

Marco Iacovelli, the founder of Rally Manufacturing, is listing his Star Island mansion for $65 million – marking the priciest home on the market in Miami-Dade County. 

Iacovelli’s home, at 46 Star Island Drive, is sandwiched between one of Lennar Corp. founder and CEO Stuart Miller’s properties and Phillip and Patricia Frost’s estate.

The 18,400-square-foot, 10-bedroom house was built in the early 1920s and extensively renovated since then, according to the Wall Street Journal. It will hit the market for about $3,530 per square foot with listing agents Mirce Curkoski and Albert Justo of One Sotheby’s International Realty. The owner’s daughter, Alexa Iacovelli, is also listing the mansion.

The family’s business, Rally Manufacturing, is an auto accessories company based in Miami.

A penthouse unit at Faena House ($55 million) and Casa Bahia in Coconut Grove ($50 million) follow Iacovelli’s home in terms of most expensive listings in Miami-Dade.

The waterfront property has more than 40 rooms, 255 feet of frontage on Biscayne Bay, two private docks, a boat lift, an outdoor swimming pool and cabana. Two separate staff living areas, with living rooms and kitchens, are also part of the home, which comes in handy for the full-time staff of five needed to maintain the property, the owner told the newspaper.

Property records show Iacovelli paid about $1.83 million for the 1.4-acre estate in 1987. Iacovelli said he and his wife no longer need the space and are spending more time at their homes in the Bahamas and Canada.

The exclusive island has been home to celebrities like Sean “Diddy” Combs, Gloria and Emilio Estefan, Don Johnson, Rosie O’Donnell and Shaquille O’Neal. The Estefans have 1 Star Island Drive on the market for $37 million.

Stuart Miller, who heads one of the biggest homebuilders in the U.S., is building himself a two-story mega mansion with underground parking, a lagoon, guest houses and more at 11 Star Island. He also owns 22 Star Island. [WSJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International)
Home run: Jeter sells waterfront Tampa estate for record $23M
Home run: Jeter sells waterfront Tampa estate for record $23M
Shore Park building with Gloria and Emilio Estefan (Douglas Elliman, Getty)
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Dave Portnoy with the Morningside home (Getty, 5811 North Bayshore Drive/Dora Puig)
Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
Barstool Sports founder revealed as buyer of record $14M waterfront home in Miami’s Morningside
Victor Oladipo joined the Miami Heat earlier this year. (Getty)
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
Tommy Hilfiger and Grant Cardone with 605 Ocean Boulevard (Getty)
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
Tomo Kipp, LeBron James, Jeff Conry and the Crystal View Court Mansion. (Getty, iAero, Compass)
Former Coconut Grove mansion of LeBron James sells for $13M
Former Coconut Grove mansion of LeBron James sells for $13M
Major Food Group's Jeffrey Zalaznick and Mike Piazza with the Miami Beach mansion (Getty, The Jills – Photography by Luxhunters)
Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
arrow_forward_ios

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

Loading...