Doctor drops the Jills, hires Julian Johnston to list Palm Island manse for $14M

Dr. Martin Madorsky and Judith Richard completed the home in 2014

TRD MIAMI /
Nov.November 11, 2016 02:15 PM
85 Palm Avenue. Inset: Julian Johnston

85 Palm Avenue. Inset: Julian Johnston

After a few years on and off the market, a Miami urologist and his wife have dropped Coldwell Banker duo the Jills and hired Miami Beach broker Julian Johnston to relist their waterfront Palm Island home for $13.9 million, or $1,432 a foot. 

Records show Dr. Martin Madorsky and Judith Richard own the 9,708-square-foot mansion, which they completed in 2014. Before the Jills had the property listed for the same price, it was on the market with Coldwell Banker’s Jeri Jenkins.

Johnston, owner of Calibre International Realty, said he knew the owners before they hired him to relist the property at 85 Palm Avenue.

The two-story, eight-bedroom home features imported woods from Asia, loggias, an open kitchen, a marble pool and 100 feet of water frontage, according to the MLS. Johnston said it’s set up for entertaining.

Madorsky and Richard paid $4.86 million for the 30,000-square-foot property in 2005, records show. They knocked down the 1978-house and built a tropical modern mansion in its place.

Madorsky is a urologist at the Urology Center of South Florida. Luxury agents in Miami Beach have said that doctors and lawyers are being priced out of the market, including the Venetian and Sunset islands, to financial executives, CEOs and foreign buyers.

On Palm Island, a lot of the same size sold to a spec home developer for $9 million in September, which comes out to $300 a foot for the land. A smaller home than Madorsky and Richard’s sold for $896 per square foot this summer, also on Palm Island at 250 South Coconut Lane.


Related Articles

arrow_forward_ios
387 Ocean Boulevard (Credit: Realtor)

Golden Beach oceanfront home of late attorney sells for price chop

1771 North View Drive, Julian Johnston, Enrique Iglesias, and Caterine Gomez (Credit: Getty Images)

Enrique Iglesias’ former Miami Beach home trades for $13M

Bill Cunningham and Julian Johnston with the Miami Beach skyline (Credit: iStock)

Top Miami Beach broker joins Corcoran Group amid Miami expansion

(Credit: Douglas Elliman)

Fine print no more: New Florida advertising rules kick in for agent teams

90 Palm Avenue and Leo Macedo

Brazilian developer lists his Miami Beach mansion for $29M

Founder of controversial multilevel marketing firm sells Palm Island home

The Real Deal South Florida’s spring issue is now available to all subscribers

Lennar’s Miller family sells Star Island estate at huge price chop

arrow_forward_ios