The Queen of Motown found a renter for her waterfront Venetian Islands home in Miami for $95,000 a month, The Real Deal has learned.
Diana Ross rented her house at 1379 North Venetian Way on San Marco Island for six months, according to a press release. Tanya Vanterpool of Macken Realty represented Ross, and Dean Bloch of Douglas Elliman represented the tenant. He declined to identify the tenant.
Ross, the iconic songstress, Grammy winner and former lead singer of the Supremes, bought the home for $15.6 million in 2022, property records show.
The Venetian Islands home was built in 2017 on a quarter acre, and spans 4,900 square feet, with four bedrooms and five bathrooms. The house also has a pool and 60 feet of waterfront, according to the release. Ross poured an additional $1.2 million into upgrades for the home, and tapped Carlos Rodriguez as the interior designer, the listing shows.
She also has it listed for sale asking $17.9 million, according to Redfin. Vanterpool is the listing agent.
Pricey rentals have been on the rise in South Florida. A penthouse in Faena House in Miami Beach is renting for $135,000 a month, the same price for which a 3,800-square-foot condo in the Four Seasons Residences at the Surf Club in Surfside rented. Luxury single-family home rentals in Miami Beach have asked as much as $350,000 in monthly rent in recent years.
The luxury rental market is also expanding beyond South Florida, with many deciding the challenges of insurance and property taxes aren’t worth the headache.