Yet Another Luxury Sale! 27 Star Island Drive Sells For $10.75M
May 6, 2011 by Lucas Lechuga
![27 Star Island Drive 27 Star Island Drive](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-drive-miami-beach.jpg)
This has been quite a week for the luxury real estate market in Miami. Tuesday a condo at Continuum South Beach sold for $6.5M; Wednesday a luxury, waterfront home on Hibiscus Island closed for $9.35M and today I discovered that a waterfront home on Star Island sold for $10.75M. The sale closed Monday but the status in the MLS wasn't changed until earlier this afternoon. The 12 bedroom/13.5 bath waterfront estate for sale in Miami resides on a 40,000 square foot lot and has 15,000 square feet of living space, a bayfront swimming pool and a boat dock with 100 feet of water frontage. The property sold in 300 days at a 17 percent discount from its initial asking price of $12.95M. The estate was previously purchased in 1999 for $5.9M.
![27 Star Island 27 Star Island](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-1.jpg)
![27 Star Island 27 Star Island](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-2.jpg)
![swimming pool swimming pool](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-3.jpg)
![living room living room](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-11.jpg)
![dining room dining room](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-7.jpg)
![master bedroom master bedroom](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-5.jpg)
![master bathroom master bathroom](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-6.jpg)
![bedroom bedroom](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-9.jpg)
![patio patio](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-13.jpg)
![guest house guest house](https://www.miamicondoinvestments.com/wp-content/uploads/2011/05/27-star-island-12.jpg)
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