Yet Another Luxury Sale! 27 Star Island Drive Sells For $10.75M
May 6, 2011 by Lucas Lechuga
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.
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