Miami spec home developers buy waterfront Key Biscayne house

Developers Sergio and Fernando Guardazzi paid $5.2M for the home, which has an attached guest house

TRD MIAMI /
Jun.June 13, 2019 01:30 PM
220 Island Drive

220 Island Drive

A company tied to Miami spec home developers Sergio and Fernando Guardazzi paid $5.2 million for a waterfront house in Key Biscayne.

The Guardazzis bought the 4,900-square-foot house with an attached guest house at 220 Island Drive for $1,061 per square foot, records show. Delphia Enterprises, which lists Rodrigo Ernesto Avila Alvarez as a manager, sold the property.

Built in 1961, the home has three bedrooms and three bathrooms, while the attached guest house has two bedrooms and two bathrooms.

The property has 160 feet of water frontage and sits on a 20,840-square-foot lot. It was last purchased in 1976 for $275,000, records show.

The seller was represented by Brigitte Nachtigall with Great Properties International. The buyer was represented by Alex Lipzer with Key Biscayne Realty Group, Inc, according to realtor.com.

Fernando and Sergio Guardazzi are spec home developers who have built in Miami and Key Biscayne. Fernando Guardazzi built and sold a nearly 10,000-square-foot mansion at 1641 South Bayshore Drive in Miami to Donald J. Edwards for $8.1 million in November.

Key Biscayne is home to a number of high-end homes. In January, a Greek shipping family sold a waterfront Key Biscayne mansion at 250 Harbor Drive for $10.1 million.


Related Articles

arrow_forward_ios
The city of Miami Beach issued a stay-at-home order (Credit: iStock)

Miami Beach becomes first South Florida city to order residents to stay at home

571 North Mashta Drive

Angel investor scoops up waterfront lot in Key Biscayne

Jose Valls and Ocean Tower II unit 208 (Credit: Realtor and Redfin)

Nissan North America’s head honcho buys Key Biscayne condo

Listing broker Manny Chamizo and 12 Crandon Boulevard (Credit: Google Maps)

A rarity in Key Biscayne: commercial land hits the market for $21M

Map of priciest condo sales and Grand Bay Tower unit 502 (Credit: Google Maps and AF Realty)

The week in luxury: A map of Miami-Dade’s priciest condo sales

Sweet deal: Former Coca-Cola chief buys Key Biscayne condo

Sweet deal: Former Coca-Cola chief buys Key Biscayne condo

The week in luxury: A map of Miami-Dade’s priciest condo sales

The week in luxury: A map of Miami-Dade’s priciest condo sales

Greek shipping family sells waterfront Key Biscayne mansion

Greek shipping family sells waterfront Key Biscayne mansion

arrow_forward_ios
Loading...