Developers sell Venetian Islands spec mansion for $13.6M

It hit the market nearly a year ago for $18.5 million

941 North Venetian Drive (Kris Tamburello for Douglas Elliman)
941 North Venetian Drive (Kris Tamburello for Douglas Elliman)

A group of developers sold a newly built Venetian Islands spec home for $13.6 million.

Eduardo Otaola, Rodrigo Diaz and Eduardo Lucca sold the waterfront mansion at 941 North Venetian Drive in Miami to a land trust managed by Eric A. Jacobs.

The 9,228-square-foot mansion was completed last year and hit the market in October for $18.5 million. It sold for a 26 percent discount off the original asking price.

Dina Goldentayer

Dina Goldentayer

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Dina Goldentayer of Douglas Elliman represented the buyer and seller. Elliman declined to comment on the deal.

The Venetian Islands home has five bedrooms and eight bathrooms, a movie theater, office, staff wing and a three-car garage.

The developers bought the Biscayne Island lot in 2015 for $4.8 million and broke ground on the spec home a year later. They hired interior designer James Wall of Thirlwall Design to furnish the home with Minotti furniture and more than $2 million of artwork and sculptures, according to the listing.

In June, the former CEO of Bolthouse Farms listed his newly built Venetian Islands estate for $34 million. Professional race car driver and investor Chapman Ducote sold his home on San Marco Island for $8.4 million in July.