Elysee Miami designer sells Miami Beach home for $7.5M

It marks a price-per-foot record for Flamingo Drive at $1,816 psf
By Katherine Kallergis | May 30, 2019 01:30PM

2979 Flamingo Drive, Jean-Louis Denoit and Nelson Gonzalez

2979 Flamingo Drive, Jean-Louis Denoit and Nelson Gonzalez

French architect and interior designer Jean-Louis Deniot sold a mid-century modern home he renovated in Miami Beach for $7.5 million.

Deniot and his partner William Holloway sold the waterfront five-bedroom, five-bathroom house at 2979 Flamingo Drive to a European buyer, according to Nelson Gonzalez of EWM Realty International, who was the listing agent. The home has 4,779 square feet of interior space and 5,881 square feet of total space.

The property, which Deniot and Holloway spent more than $2.5 million and two years gut-renovating, including pouring new terrazzo flooring, sold for $1,816 per square foot. It’s the highest per-foot price for a single-family home in the Flamingo Drive area, Gonzalez said. The home was originally built in 1958.

Gonzalez said the buyer, whom he declined to identify, had been renting the house for about a year before he closed on the property.

Deniot, who has been featured on Architectural Digest’s AD100 list, is designing the common areas and amenity spaces at Elysee Miami, a 57-story, 100-unit tower under construction in Edgewater.

The Flamingo Drive home features a sunken living room with 14-foot ceilings, marble countertops, custom marble sinks, high-end fixtures, smart home amenities, a new pool, dock and seawall, outdoor grill and waterfront lounge area.

The quiet street is home to Turkey’s wealthiest family, the Koçs, who paid $10.12 million on a pre-war home at 3525 Flamingo Drive in 2016; Isser Elishis, managing partner of Waterton Global Resource Management; spec home developer Todd Glaser; and the Related Group’s Steve Patterson, property records show.