Beauty moguls buy Venetian Islands spec home for $12M

Five-bedroom bayfront home sold for $2,159 psf

TRD MIAMI /
Dec.December 13, 2019 10:35 AM
120 West Rivo Alto Drive, Julian Johnston and Silke Dietrich

120 West Rivo Alto Drive, Julian Johnston and Silke Dietrich

The founders of the skin care and cosmetics company M. Asam paid $11.55 million for a spec home on the Venetian Islands.

Property records show Arbo Mia LLC sold the five-bedroom, 5,350-square-foot house at 120 West Rivo Alto Drive. The seller is tied to developer Mort L. Brous. The buyers are Marcus and Mirjam Asam, according to Brown Harris Stevens Miami.

The Miami Beach house sold for $2,159 per square foot.

120 West Rivo Alto Drive

120 West Rivo Alto Drive

Silke Dietrich of Brown Harris Stevens Miami represented the buyers, and Julian Johnston of the Corcoran Group was the listing agent.

Architect Rene Gonzalez designed the bayfront home, which was completed in January, according to the listing. It features an open floor plan, a rooftop deck, custom oak and marble floors and Carrara stone bathrooms, an outdoor kitchen and pool.

It hit the market in 2017 for $14.25 million and was relisted this year for $12.9 million. The 10,500-square-foot lot last sold in 2013 for $3 million.

The sale is the second highest on the Venetian Islands in 2019. In November, spec home developer Emmanuel Sebag sold the five-bedroom, 5,600-square-foot home at 802 West Dilido Drive for $15.55 million, or about $2,750 per square foot.


Related Articles

arrow_forward_ios
Stephen and Petra Levin, David Deshe and 4350 North Bay Road (Credit: Nicholas Hunt/Getty Images, LinkedIn, and Google Maps)

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul
citizenM founder Rattan Chadha, Russell Galbut and a rendering of 1212 Lincoln

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
1 Hotel South Beach (Credit: Google Maps)

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Venetian Islands estate (Credit: Paul Stoppi)

Venetian Islands estate with $1M aquarium hits the market for $34M

Venetian Islands estate with $1M aquarium hits the market for $34M
Ziel Feldman and Richard Branson with renderings of the Shore Club (Credit: Getty Images)

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished
Mitchell Kaplan and Books & Books at 927 Lincoln Road (Google Maps) 

Books & Books closes its chapter on Lincoln Road

Books & Books closes its chapter on Lincoln Road
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...