A private equity fund investor sold her North Bay Village home for $5.1 million, marking an all-time record in the city that runs along the 79th Street Causeway.
Property records show Karoline Starostik sold the five-bedroom, 5,400-square-foot house at 1520 South Treasure Drive to Susan Minster, CEO of ASR Ventures. Starostik, of Beverly Hills, is listed on federal campaign donation records as a private equity investor. She paid $2.1 million for the lot in 2009.
The two next highest-priced sales, both spec homes, closed this year. In April, 1620 South Treasure Drive sold for $4.4 million, and in September, 1610 South Treasure Drive sold for $4.5 million. Each was listed for more than $5 million. Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented both sellers.
In the latest sale, Connie Cabral, now with Berkshire Hathaway HomeServices EWM Realty, represented the seller, while Heather Zibelli of Keller Williams Realty brought the buyer. Cabral was with Florida Realty when she listed the property.
“North Bay Village obviously is very old, and it’s such a tiny neighborhood that it really has gone under the radar,” Cabral said. “What people forget is there’s that golden strip there where developers have come in and knocked down these 1950s homes.”
The two-story house sits on a 15,000-square-foot lot with 100 feet of waterfront and a private dock. The property is on Treasure Island, near Bal Harbour, North Beach and La Gorce Island.
It was built in 2012 and features a heated saltwater infinity-edge pool, a spa, summer kitchen, fire pit, a home theater, full-house generator, three-car garage and a Creston Smart Home system.
The property is one island away from rapper Lil Pump’s home. He paid $4.6 million in July to purchase 5,100-square-foot, five-bedroom house on Bay Drive.
Developer Metronomic recently opened an office in North Bay Village to work on at least three developments in the area.