UPDATED March 20, 6 p.m.: Miami developer Avra Jain is looking to sell a personal project.
Jain is listing her waterfront Venetian Islands home at 608 West Dilido Drive for $8.95 million, according to her listing agents, Allen Davoudpour and Filippo Incorvaia of Douglas Elliman.
Property records show Jain paid $925,000 for the 10,500-square-foot waterfront lot in 2002. She built the five-bedroom, 5,600-square-foot home in 2003 for her family, and decided to renovate the property now that she’s living in Miami’s Upper Eastside neighborhood, near her Vagabond Hotel.
“We were going to resell the house, but in the end we realized we needed to do the work,” Jain said. “The current market really warranted this sort of significant upgrade.”
That upgrade includes smart home appliances, an Italian kitchen, floor-to-ceiling windows, Italian tile and American oak floors, and a swimming pool, patio and boat dockage.
Jain heads the Vagabond Group. Her properties include the Vagabond, the Miami River Inn, and projects in Midtown, Overtown and Little River.
Her Di Lido Island home will be finished within two months, Jain said. She owns a unit at the Palm Bay Tower in Miami’s Upper Eastside, where she lives with her partner, and at Ten Museum Park near downtown Miami.