Italian restaurateur lists newly redeveloped home in Miami’s Bay Point for $14M

Lakefront home was gut-renovated, now asking nearly $2,000 psf

TRD MIAMI /
Nov.November 30, 2016 03:00 PM
4445 Lake Avenue in Miami. Inset: Nicola Schon (Credit: Getty Images)

4445 Lake Avenue in Miami. Inset: Nicola Schon (Credit: Getty Images)

Italian restaurateur Nicola Schon has completed his waterfront, Italian-style home in Miami’s Bay Point neighborhood and hired the Jills to sell it for $13.9 million.

Schon, who owns Quattro Gastronomia Italiana in South Beach, owns the property at 4445 Lake Road through an LLC. Records show the entity paid $2.55 million for the 23,020-square-foot site in 2011 and completed a partial demolition of the 1957 home and made additions to the property.

The Jills of Coldwell Banker are listing the six-bedroom, 7,000-square-foot home for nearly $2,000 a foot, an asking price that’s on par with other new construction in the neighborhood. Architect Luigi Vitalini and designer Fabrizio Cocchi, both of Italy, designed the single-story house overlooking Sabal Lake. It features millwork, marble, appliances and furniture from Schon’s home country, in addition to a fireplace, spa, sauna, steam room and gym, and staff quarters. The property includes 111 feet of lake frontage and a private concrete dock.

Bay Point is home to the “King of Latin Pop” Enrique Iglesias, who upgraded to a waterfront mansion on Sabal Point Road in 2013.

Schon is a partner of the Miami Beach-based KNR Restaurant Group. Quattro, which has locations in New York City and Mexico City, is a high-end restaurant at 1014 Lincoln Road. His Bay Point home includes an outdoor kitchen with a grill, refrigerator, ice maker and wood-burning pizza oven.

Schon is also a real estate investor: in 2010, he paid $1.8 million for a condo at the Epic in downtown Miami and persuaded 19 of his Italian friends to buy units there as well, according to the Miami Herald.  – Katherine Kallergis


Related Articles

arrow_forward_ios
387 Ocean Boulevard (Credit: Realtor)

Golden Beach oceanfront home of late attorney sells for price chop

(Credit: Douglas Elliman)

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

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

Top brokers The Jills and Judy Zeder join forces at Coldwell Banker

Jamie LeFrak in contract to buy Pine Tree Drive spec mansion: sources

Agent convicted of extorting “The Jills” sent back to jail for violating probation

Enrique Iglesias’s former Miami home sells at a loss

arrow_forward_ios