The Real Deal Miami

Restaurateur Mathieu Massa lists Sunset Islands spec home for $18M

Home, which will be completed in May, listed for nearly $2,500 psf
By Katherine Kallergis | March 02, 2017 05:00PM

Rendering of 1826 West 23rd Street. Inset: owner Mathieu Massa

French restaurateur Mathieu Massa is listing a spec home he developed on Miami Beach’s Sunset Islands for $17.95 million. 

Julian Johnston, Calibre International Realty

Listing agent Julian Johnston

Massa, who calls himself “Mr. Hospitality,” is about two months away from completing Villa Aman, a seven-bedroom, 7,359-square-foot home at 1826 West 23rd Street, listing agent Julian Johnston of Calibre International Realty told The Real Deal.

The waterfront home marks the first for Massa in Miami, but he has developed properties in France, Johnston said. Records show he paid $5.75 million for the 13,125-square-foot property in 2014. He owns Baoli Miami in Miami Beach, Marion in Brickell and El Tucan, a Latin-inspired supper club with live entertainment, also in Brickell.

The two-story home, designed by Cesar Molina Architects, features an open floor plan, lofted ceilings, Porsche lighting, a gourmet kitchen with SubZero and Wolf appliances, Dornbracht fixtures and sliding telescopic doors. The property also has 75 feet of waterfront, a pool and Jacuzzi. At $17.95 million, the price breaks down to $2,449 per square foot.

“Houses have been selling at $2,000 a square foot, but everything on the west end of Sunset has a 30 percent premium,” Johnston told TRD. He’s shown the home to New Yorkers, Brazilian buyers and Europeans, and most have considered it for a second home.

Workers are installing flooring, doors and fixtures before the home is completed in May.

Developer Todd Glaser is also active in the Sunset Islands. In February, he sold the non-waterfront house at 2300 Sunset Drive for $5.775 million, or $1,132 per square foot, to a New York hedge funder. A Glaser-built mansion on the water hit the market in September for $19.5 million, or nearly $2,000 a foot.