Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Andrew Mirmelli sold the partially completed 4,700 sf home

1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

UPDATED, Oct. 27, 9:25 a.m.: Spec home developer Todd Michael Glaser paid $5.9 million for a waterfront home he is building, and plans to list it for nearly $10 million.

Andrew Mirmelli sold the partially completed home at 1500 West 21st Street on the Sunset Islands to Glaser, who said he will list it for $9.9 million with Douglas Elliman agent Dina Goldentayer.

Glaser was building the Miami Beach home for Mirmelli, but ended up buying the property from him. The 4,700-square-foot house, which is on Sunset Island IV, is about three months from completion, Glaser said. It will have 1,600 square feet of terrace space, six bedrooms, seven-and-a-half bathrooms, a negative edge pool, boat dock and a new seawall. The three-story home also features a rooftop terrace. It’s being designed by Domo Architecture + Design.

Dina Goldentayer

Dina Goldentayer

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Property records show Mirmelli paid nearly $3 million for the 8,700-square-foot lot last year.

Mirmelli owns M&M Parking Management in Miami Beach, which owns private parking lots. He is also a real estate investor. In June, he sold a retail center in Lauderhill for nearly $13 million, one year after acquiring it for $10.6 million.

Glaser has been especially active over the past six-plus months in Miami Beach and Palm Beach. Last month, he sold the waterfront spec mansion at 6650 Allison Road for $15.2 million. Also in September, he and his partner Rony Seikaly acquired a partially completed home on Sunset Island III from architect Kobi Karp for $6.7 million, with plans to list the finished mansion for nearly $18 million.

Glaser also sold a $14.4 million spec home on Sunset Island IV in Miami Beach to Tampa Bay Rays co-owner Randy Frankel in August.

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