Powerboat racer sells Belle Meade mansion for neighborhood record of $13M

Sale beats previous record of $7M in 2020

Miami /
Dec.December 29, 2021 06:00 PM
Ross Romash and the Belle Meade mansion (Boat Racing Experience, iUse for One Sotheby’s International Realty)

Ross Romash and the Belle Meade mansion (Boat Racing Experience, iUse for One Sotheby’s International Realty)

A waterfront mansion on Miami’s Belle Meade Island sold for $13.3 million, a record for the neighborhood.

Powerboat racer, developer and poker player Ross Romash and his wife, Caroline Romash, sold the 8,200-square-foot home at 1133 Belle Meade Island Drive to Waterfront LLC.

(iUse for One Sotheby’s International Realty)

The buyer is a Puerto Rican LLC that lists José A. López Cáceres as an authorized person, records show.

The home, with five bedrooms, five bathrooms and one half-bathroom, was completed this year. The sale beats the previous record of $7 million for the waterfront spec home at 7311 Belle Meade Island Drive, which was sold to Televisa Studios head Patricio Wills and his wife Adriana Santos in October 2020.

(iUse for One Sotheby’s International Realty)

The Romashes mansion includes a 12-car garage, poker table, six Tesla power walls, an art gallery and a 50-foot infinity pool with a 10-foot waterfall, according to the listing. Allan Kleer and Fabian Garcia-Diaz with One Sotheby’s International Realty represented the buyer and seller.

The couple bought the property in 2017 for $1.6 million, and filed an application with the city of Miami the following year to build a new pool and spa on the property, records show.

(iUse for One Sotheby’s International Realty)

In April, Romash paid about $2.5 million for a bayfront property two doors down at 1155 Belle Meade Island Drive.

The latest deal shows how prices have risen in many neighborhoods throughout South Florida. In Belle Meade, sales in recent years include red light camera millionaire John Petrozza’s $10.4 million purchase of two bayfront homes in 2018, and prior to that, restaurateur Steven Perricone’s sale of his waterfront home for $4.3 million.

Residential sales in Miami-Dade, Broward and Palm Beach counties of $10 million and up from December 2020 to November 2021 topped that of the previous two years combined, according to an analysis by The Real Deal.





    Related Articles

    arrow_forward_ios
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Billionaire founder of LoanDepot adds to South Florida resi portfolio
    Shane Caiazzo, co-founder and co-CEO, CFGI, in front of 100 Ebbtide Drive in North Palm Beach (CFGI, Lux Hunters)
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    Financial advisory CEO pays $9M for waterfront North Palm Beach home featured in “Mansion Quest” show
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    December residential sales fall in Broward and Palm Beach counties, rise in Miami-Dade
    Daniel Kordash in front of 444 Royal Plaza Dr in Fort Lauderdale (Getty Images, Realtor.com)
    New York investment honcho flips waterfront Fort Lauderdale home for $8M
    New York investment honcho flips waterfront Fort Lauderdale home for $8M
    (Illustration by Kevin Rebong for The Real Deal)
    “One non-stop boom”: After surge in home sales, inventory keeps shrinking in South Florida
    “One non-stop boom”: After surge in home sales, inventory keeps shrinking in South Florida
    From left: Alejandro Diaz Bazan, David Solomon, Brett Harris and Ana Bozovic (Andian Group, Brett Harris Homes, Miami Girls, iStock)
    Build it and they will come: Resi agents join the South Florida spec home development craze
    Build it and they will come: Resi agents join the South Florida spec home development craze
    From left: Andres Isaias and Alejandro Diaz Bazan of Andian Group (Andian Group, Thamann Architecture + Design)
    Waterfront Sunset Islands home featured on “Miami Vice” sells for $14M
    Waterfront Sunset Islands home featured on “Miami Vice” sells for $14M
    554 Lakeview Dr, Miami Beach and Jarett Fein (Zillow, KV National)
    Title insurance honcho pays $15M for restored waterfront Mid-Miami Beach house
    Title insurance honcho pays $15M for restored waterfront Mid-Miami Beach house
    arrow_forward_ios

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

    Loading...