Italian fashion designer lists South Beach condo

Renato Balestra paid $1.75M for the Murano Grande unit in 2010

Miami /
Nov.November 15, 2017 10:42 AM

Renato Balestra and his unit at Murano Grande (Credit: Getty Images)

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.


Related Articles

arrow_forward_ios
Larry Ellison and 12525 Seminole Beach Road (Getty, Elliman, iStock)
Billionaire Larry Ellison plans to knock down $80M mansion
Billionaire Larry Ellison plans to knock down $80M mansion
Daren Metropoulos and 7815 Atlantic Way (Douglas Elliman, iStock)
Playboy Mansion owner pays $18M for oceanfront Miami Beach home: sources
Playboy Mansion owner pays $18M for oceanfront Miami Beach home: sources
Maggie Cordish and Palazzo Della Luna (David x Prutting/Patrick McMullan/Getty)
Maggie Cordish, former White House adviser, pays $7M for Fisher Island condo
Maggie Cordish, former White House adviser, pays $7M for Fisher Island condo
Miami-Dade condo sales map and Arte by Antonio Citterio (Google Maps)
Miami condo sales drop in early April
Miami condo sales drop in early April
Ronny Finvarb with a rendering of 1790 Alton Road (GEK Architecture)
Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
The home will be developed by Andres Isaias-led Andian Group and Alejandro Diaz Bazan of Coldwell Banker’s The Jills Zeder Group. (Bazan, Jills Zeder)
Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
Tommy Mottola and Thalía with an aerial view of 31 La Gorce Circle (Getty)
Hedge funder flips Miami Beach teardown to Tommy Mottola and Thalía
Hedge funder flips Miami Beach teardown to Tommy Mottola and Thalía
7-Eleven at 6348 Collins Avenue in Miami Beach (Google Maps, iStock)
Fill ‘er up: Power Petroleum buys Miami Beach 7-Eleven with gas station for $11M
Fill ‘er up: Power Petroleum buys Miami Beach 7-Eleven with gas station for $11M
arrow_forward_ios

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

Loading...