search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff
South Florida

Steven Witkoff sells second Star Island property in less than a month

New York investor Steven Witkoff has sold his lot at 36 Star Island Drive in Miami Beach for $8.5 million, less than a month after he sold the adjacent 35 Star Island property for an identical price, The Real Deal has learned.

The property was purchased by an undisclosed buyer late Tuesday night.

It was not the same buyer as the initial property, which was purchased by a limited liability company, according to Douglas Elliman Florida.

Sign Up for the undefined Newsletter

“This lot was sold 10 days after it was listed,” said Vanessa Grout, CEO of Douglas Elliman Florida, which had the listing through a management referral.

“Star Island continues to be a major focal point of the luxury market,” she said. “There is low inventory, and that’s because of incredible demand right now in the luxury side of the market.”

Witkoff, the president and founder of the New York-based Witkoff Group, owned both lots through a limited liability company called Rex II, whose address is listed as 220 East 42nd Street in New York City.

Witkoff could not be reached for comment.

Tags
Douglas EllimanReal Estate CompaniesReal Estate Groups