After spending 5.5 years on significant renovations and imported furniture, Igor Olegovich Nesterenko, a businessman in the meatpacking industry from Moscow, sold his Fisher Island property for $21 million.
The unit located at the Palazzo Del Mare unit 7153, features 5 bedrooms, 5.5 bathrooms, a terrace, a playroom, and a conference room spanning over 7,025 square feet. It also has a private 2-car garage on the parking level of the building and a private cabana near the pool.
Nesterenko spent the 5.5 years refurbishing the condo because Fisher Island only allows for roughly half of a year’s time for construction due to noise restrictions.
Furthermore, much of the furniture was purchased from abroad and was rather large and proved difficult to ship overseas. The bathtub in the master bedroom was fashioned from a solid block of Greek White Thassos marble and was carried into the apartment using a crane. The majority of the furniture was also brought by crane since it was too large for the elevator.
The 7,025-square-foot Unit 7153 located at Palazzo Del Mare was sold to Fana Fisher Palazzo 7153 LLC, managed by a trust in Bellevue, Washington purchased the condo for $21 million equals $2,989 price per square foot.
The trust is under the umbrella of the Fana Group of Cos., a real estate corporation located in Bellevue led by Chairman and CEO Firoz Lalji.
The apartment was designed by Augusto Busnelli of Milan, according to Flikshteyn. The previous owner spent around $10 million on upgrades. The property was last sold in 2011 for $8.3 million.
The Palazzo Del Mare was built in 2007 and with an expansive amenity package including a 9-hole golf course, 18 tennis courts, a marina and yacht center, a gourmet market, 8 restaurants, and Spa Internazionale. A Fisher Island Day School and a mile and a half of pristine beaches.
Fisher Island, America’s wealthiest zip code, is a 216-acre barrier island located across Government Cut from Miami Beach. Fisher Island condominiums are in a class of their own when it comes to ultra-exclusive living in South Florida.
The island, which can only be reached by ferry, boat, helicopter, or seaplane, provides unrivaled protection. All visitors to the island must first be checked by security at the Fisher Island port.
Total Number of Transactions Increased for this Week’s Miami Dade Condo Sales
Over the past few weeks, we have seen a steady incline in overall condo sales including volume and number of sales. This is of no surprise with the increase of companies, execs, and people taking up residency in Miami-Dade County.
Coming in at $123 million, this week’s condo sales volume increased from $85.3 million in the week prior. The total number of sales has risen to 198 for this week, up from 128.
The average price for condo sales reached $622,000 which has actually decreased from $666,000 then the week prior.
Leading this week’s condo sales in a luxury unit at Continuum South Beach that sold for $8 million or $2,708 per square foot. This luxury property located at 100 S Pointe Dr. Unit #3507 was sold to tech entrepreneur Hari Ravichandran, who is the CEO of Jump Ventures and Aura.
Last week’s highest condo sale was lead by Lucas Lechuga (Luxe Living Realty-Miami Condo Investments) with the sale of a Setai Miami Beach condo that sold for $12.3 million.
The sale coming in second includes a luxury unit at Palazzo Della Luna on Fisher Island. The property sold for $7.5 million or $2,045 per square foot and was on the market for 324 days. Luxe Living Realty’s Dora Puig represented the seller.
Fisher Island’s Palazzo Della Luna Tops Off (Time-Lapse Construction Video)
Fisher Island’s Palazzo Della Luna has officially topped off its 10-story tower. With prices from $6.5 million, Palazzo Della Luna will feature 50 residential units with three-, four-, five-, six-, and seven-bedroom options. The ultra-luxury condo development is slated to be completed in summer 2019. The interiors at Palazzo Della Luna have been designed by New York-based firm Champalimaud Design.
The cool time-lapse video below shows the entire construction process from start to finish:
Palazzo Della Luna Launches Sales with Interiors Designed by Champalimaud Design
Following the great success of Palazzo Del Sol (named 2017-2018’s “Best Residential Development in the United States” by International Property Awards), the project’s second phase, Palazzo Della Luna, has officially launched sales! This ultra-luxury condominium is located on the last remaining waterfront parcel of Miami’s ultra-exclusive Fisher Island, accessible only via the island’s own auto-ferry or private yacht.
While the interiors at Palazzo Del Sol were designed by award-winning duo Alison Antrobus and Ruby Ramirez, Palazzo Della Luna will feature interiors designed by New York-based firm Champalimaud Design. It will be the firm’s first-ever completed project in Miami. Both towers are led by PDS Development LLC with architecture by Miami-based Kobi Karp and landscape architecture by Enzo Enea.
The two-part development incorporates the island’s Mediterranean design into an aesthetic that is sophisticated, yet contemporary. “The design of Palazzo Della Luna embraces the tranquil and natural environment of Fisher Island, creating a lifestyle experience that emphasizes refined living,” says Winston Kong, Partner at Champalimaud Design. “By crafting a series of spaces that are epicurean yet subdued, and curating bespoke finishes, the public realm provides a sense of ‘luxury upon arrival’ while the residences become havens of serenity. Material choices such as plaster bas relief, gilded glass, statuary marble, terrazzo, and cerused oak contribute to an atmosphere of understated elegance and ease with just the right touch of indulgence.”
Residences will feature only the finest of finishes, private elevator entry, European oak wood flooring throughout open floor plans, and deep terraces overlooking stunning, panoramic views. Their Lualdi doors, BOFFI kitchens with Miele appliances and Sub-Zero refrigeration, and BOFFI master bathrooms exude the highest quality of interiors. The building will also offer three penthouses featuring 15 foot ceilings and Viking outdoor summer kitchens, each with a private stainless-steel pool and outdoor shower, in addition to four ground-floor lanai residences, three of which will enjoy their own private pools.
Seemingly endless amenities at Palazzo Della Luna will include a waterfront lobby lounge with butler-serviced aperitivo bar, a beauty salon, private massage and treatment suites, a media room, business center, children’s playroom, and a fitness center by The Wright Fit. A lush Central Park will connect Palazzo Della Luna and Palazzo Del Sol with tea gardens, a croquet lawn, bocce ball court, and a serenity yoga lawn. The residents of both sister properties will enjoy sunrise and sunset infinity-edge pools, a pool bar with towel and refreshment service, his & her spa cabana with sauna, steam, and shower, and spacious pool terraces with nine poolside cabanas available for purchase.
Boasting white-glove multi-lingual concierge service, Palazzo Della Luna will offer boutique condominium living with the highest level of luxury. The 10-story tower will feature 50 three- to seven-bedroom waterfront residences priced from $6.5 million to $40 million, and is currently slated for completion in summer 2019. For more information about Palazzo Della Luna or to schedule your personal sales presentation, please contact info@miamicondoinvestments.com or 305-428-3860.
