A Modern Miami Mansion Sells for $15.4 Million in One of the City’s Biggest Non-Waterfront Deals

A Miami mansion across the road from hedge funder Ken Griffin’s $107 million estate offered previous week for $15.424 million, according to The Corcoran Team. 

Situated in the Coconut Grove neighborhood, the 7,720-square-foot contemporary residence is 1 of the major gross sales ever of non-waterfront house in the town, home information clearly show. It is also the most high-priced deal for a dwelling which is not on Miami’s oceanfront so much this 12 months. 

The seven-bed room, seven-and-a-half rest room dwelling was 1st listed in June 2022 for $18 million with Jelena Khurana and Julian Johnston of Corcoran. It went into deal in mid-November. 

Mansion Global could not determine the purchasers, who were being represented by Daniel Ekerold of Douglas Elliman. Home data for the offer were not nevertheless offered. 

“We are continue to in a low-inventory sector, and new, fashionable homes are very demanded unicorns,” Ms. Khurana reported in an e mail. “We are observing some major product sales this winter season time and I assume it to continue on through spring. Even so, consumers are in a far better posture than final yr with leverage to negotiate.”

This dwelling was designed in 2019, making use of all-natural resources these types of as wooden and stone to distinction with the property’s lush environmentally friendly landscaping, according to the listing. Of training course, there are floor-to-ceiling windows and disappearing glass doors all through to get the most of the Florida sunshine. 

“The cost tag was not just centered on the small inventory for new development in this locale but centered on the actuality that this is a large-top quality, personalized-created house,” Ms. Khurana ongoing. “Today’s educated consumers recognize the distinction between customized and spec homes, and are willing to spend a top quality for a fantastic build.”

The house attributes an open dwelling and eating spot with doors that lead to the pool and spa a chef’s kitchen area with a huge island, wine storage and tailor made cabinetry an business office and a next-ground loved ones place with sights of the treetops, according to the listing. 

There is also a lot of outside space, like a 2,000-sq.-foot roof terrace and an outdoor dining space and kitchen. 

It’s also in a key area, in accordance to Ms. Khurana.

“Brickell Avenue has turn into just one of the most popular addresses in Miami, with proximity to Brickell places of work, buying, dining places and really rated Coconut Grove and Coral Gables educational facilities,” she explained. “This sale is a witness to it. This certain locale feels like a quiet suburb, but you are in the coronary heart of the town, and only minutes away from the airport.”

Mr. Griffin definitely observed the positive aspects of the space, and plunked down $106.875 million for a additional than 4-acre estate with two houses that is also on Brickell Avenue, according to The Wall Road Journal. It was Miami’s greatest sale on report.

The underlying residence past marketed in 2013 for about $1.8 million, in accordance to records with PropertyShark. The owners have been not offered for remark.