Chicago buyer pays $19M for Sunset Islands mansion

Miami Beach doctor sold the seven-bedroom, 9K sf home

May.May 16, 2019 05:30 PM
2125 Lake Avenue (Credit: Realtor)

2125 Lake Avenue (Credit: Paul Stoppi)

UPDATED, May 17, 10 a.m.: A Chicago buyer paid $19.15 million for a waterfront spec home in Miami Beach’s Sunset Islands.

Property records show Denise Vohra LLC, led by Dr. Ameet Vohra and his wife Denise, sold the seven-bedroom, 9,097-square-foot mansion at 2125 Lake Avenue on Sunset Island IV.

Ameet Vohra is the founder and CEO of Miramar-based Vohra Wound Physicians Management, one of the country’s largest physicians group focused on wound care, according to a press release. In 2017, the Vohras sold a waterfront home at 2108 North Bay Road for $14 million.

The Sunset Islands mansion sold to an undisclosed buyer from Chicago, according to a spokesperson for Villazzo Realty. Oren Alexander of Douglas Elliman represented the buyer, who paid all cash, and Lisa Blake of Villazzo Realty was the listing agent.

It traded hands for $2,105 per square foot, which is the highest sale on Sunset Islands III and IV, according to Villazzo.

Denise Vohra LLC paid $5.1 million for the 20,000-square-foot pie-shaped lot in 2013 and built a new home. The property features 150 feet of water frontage, a dock, outdoor kitchen, pool deck, marble floors and bronze metalwork.

Ultra-luxury home sales surged in Miami Beach in the first quarter of this year, which brokers attribute in large part to the December 2017 federal tax overhaul, which limited the ability of taxpayers to deduct state and local taxes — dubbed SALT — from their income in 2018. In the first quarter, nine single-family homes priced at $5 million and up in Miami Beach sold for a combined $120 million.

Correction: An earlier version of this story incorrectly listed the buyer’s agent as the listing agent and vice versa. 

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