The Real Deal Miami

Golden Beach waterfront home hits the market at $7.25M

Price for the six-bedroom, six-and-a-half bath home breaks down to $1,026 psf
By Ina Cordle | December 01, 2016 03:00PM


572 North Island Drive and Sue Honowitz

A home on the Intracoastal Waterway in Golden Beach, dubbed “Villa D’Amore,” just hit the market for $7.25 million.

The 7,068-square-foot house at 572 North Island Drive was built in 2007. It is being listed by Sue Honowitz of Rusty Stein & Co. The price breaks down to $1,026 per square foot.

The six-bedroom, six-and-a-half bathroom, gated home has an elevator and a gym, Honowitz said. “It has fabulous outdoor appeal,” with 75 feet water frontage, she told The Real Deal.

According to Miami-Dade property records, the owners are Izac and Abby Ben Shmuel, with a New York address. They paid $1.7 million for the property in 2004, records show.

“It was custom-built,” Honowitz said. “Outside is Mediterranean, but two years ago she redid the house modern.”

Residents of Golden Beach, an exclusive waterfront enclave in north Miami-Dade, have access to a private beach.

Several Golden Beach homes have hit the market recently. Last week, a 10,530-square-foot house at 170 South Island Drive, also on the Intracoastal, hit the market for $14.95 million. The asking price breaks down to $1,420 per square foot.

Other listings in Golden Beach include the waterfront house at 443 Ocean Boulevard, which hit the market in October for $20 million. That property is being marketed as a teardown and breaks down to $4,349 per square foot for the home and $571 a foot for the land.

Nearby, the Jills reduced the asking price for 387 Ocean Boulevard from $42.5 million to $29 million or $2,500 per square foot. The 10-bedroom, 11,600-square-foot oceanfront mansion sits on a 1.44-acre lot and is owned by the estate of the late South Florida philanthropist Barbara Schlesinger.