Waterfront Key Biscayne home sells for discount

The home last sold for $9.1M in 2015

Miami /
May.May 08, 2020 09:45 AM
750 South Mashta Drive (Credit: Google Maps)

750 South Mashta Drive (Credit: Google Maps)

A waterfront home on Key Biscayne’s Mashta Drive sold for $6.6 million, a 27 percent discount from its last purchase price five years ago.

Jorge Caraballo and Glenda Perez sold the house at 750 South Mashta Drive to Maryvadimar LLC, led by Marcela and Dieter Theime of Key Biscayne, records show. The home totals 5,967 square feet, equating to a price of $1,106 per square foot.

It was originally listed for $12.9 million in 2017 and had been on and off the market since then. The asking price was reduced to $7.4 million in February, according to Realtor.com.

The home last sold for $9.1 million in February 2015, according to records.

It was built in 1994 and has five bedrooms and seven bathrooms.

The seller was represented by Monica Defortuna with Fortune International Realty. The buyer was represented by Jose Armesto of Semsch Realty, according to Realtor.com.

The house was renovated in 2015 and has unobstructed ocean views. It features an outdoor summer kitchen, wine cellar, and two separate maid’s quarters, according to Realtor.com. The home also has an infinity pool, private terraces, a gym and a private dock that can hold a yacht up to 50 feet.

Mashta Drive has been home to some of Key Biscayne’s priciest sales. In 2015, the former estate of one of Key Biscayne’s founding family members at 775 South Mashta Drive sold for $47 million. In January, an angel investor paid $5.25 million for a waterfront residential lot at 571 North Mashta Drive, $1.45 million less than the property traded for seven years earlier.


Related Articles

arrow_forward_ios
Olivier Brandicourt and 220 Island Drive in Key Biscayne (Getty, Google Maps)
Former French vaccine chief drops nearly $8M on waterfront Key Biscayne spec home
Former French vaccine chief drops nearly $8M on waterfront Key Biscayne spec home
Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
Eric Soulavy and the $9 million Key Biscayne home (Getty, Compass / Great Properties International LLC)
Developer Eric Soulavy sells waterfront Key Biscayne home for $9M
Developer Eric Soulavy sells waterfront Key Biscayne home for $9M
Eduardo Belmont Anderson with the Key Biscayne property (Berkshire Hathaway Home Services EWM Realty, Belmont)
Peruvian billionaire cosmetics mogul picks up Key Biscayne home for nearly $15M
Peruvian billionaire cosmetics mogul picks up Key Biscayne home for nearly $15M
Jay L. Schottenstein and Dana M. Locniskar and Grand Bay Tower. (SB360, Merrill Lynch, Realtor)
American Eagle CEO sells oceanfront Key Biscayne condo for $5M
American Eagle CEO sells oceanfront Key Biscayne condo for $5M
Alexandra Klim-Wiren and her Key Biscayne home. (Compass, Getty)
German TV personality buys waterfront Key Biscayne home for $15M
German TV personality buys waterfront Key Biscayne home for $15M
Christoph Westphal and Oceana Key Biscayne (Google Maps)
Biotech venture capitalist spends $18M on Key Biscayne penthouse
Biotech venture capitalist spends $18M on Key Biscayne penthouse
500 South Mashta Drive, Key Biscayne (Google Maps)
Venezuelan oil magnate sells waterfront Key Biscayne mansion for $17M
Venezuelan oil magnate sells waterfront Key Biscayne mansion for $17M
arrow_forward_ios

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

Loading...