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

Home, which will be completed in May, listed for nearly $2,500 psf

TRD MIAMI /
Mar.March 02, 2017 05:00 PM

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

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.


Related Articles

arrow_forward_ios
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol

Pesticide exec pays $14M for Palazzo Del Sol condo

Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive

Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

Hospitality mogul David Grutman lists Sunset Islands home

Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
2138 Bay Avenue, Miami Beach (Credit: Google Maps)

Toronto financier pays $14M for Sunset Islands home

Toronto financier pays $14M for Sunset Islands home
Map of priciest condo sales and Palazzo Del Sol (Credit: Google Maps and Douglas Elliman)

$12M Fisher Island closing tops weekly condo sales in Miami-Dade

$12M Fisher Island closing tops weekly condo sales in Miami-Dade
Fisher Island (Credit: Fisher Island)

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
arrow_forward_ios

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

Loading...