Italian fashion designer Renato Balestra wants to sell his South Beach condo.
Balestra listed the three-bedroom, 3,000-square-foot unit at Murano Grande for $4.95 million with Cervera Real Estate’s Sildy Cervera, she said. Property records show Balestra paid $1.75 million for unit 2904 at 400 Alton Road.
It’s on the market for $1,664 per square foot. Cervera said Balestra is listing his condo because he’s spending more time traveling. The 93-year-old Italian designer is based out of Rome.
Balestra designs and sells haute couture, menswear, accessories, ready-to-wear collections and more. He’s designed clothing for foreign leaders and celebrities, including the Empress Farah Diba and the queen of Thailand, according to Cervera.
His Murando Grande condo was built in 2003 and features a split floor plan, marble and wood floors, Miele appliances and amenities like a gym, spa, restaurant, pool and tennis court.
Previous owners in the building include Timbaland, who sold his unit for $4.8 million in 2013.