Conceived in the late 1990′s by the extraordinary Belgian designer, Axel Vervoordt and architect, Joe Brennan, 14 Indian Creek Drive represents the austere Palladian grace of another time while maintaining a modern decadence aptly befitting a $40,000,000 property in sunny south Florida. Completed in 2002, this estate occupies 2.71 acres on Biscayne Bay and offers 17,000SF of living space. Currently hedge fund manager Edward Lampert has it under contract; the transaction will be the highest residential sale for Miami Dade County to date.

AVAILABLE: INDIAN CREEK ISLAND

• 3 Indian Creek Drive: Built in 2010, this slick, contemporary home recently had a significant price reduction from $60,000,000 —> $52,000,000.
• 2 Indian Creek Drive: At the moment, this 80,000SF lot is the only vacant land available on Indian Creek Island, asking $16,900,000, this property offers the largest residential boat dock in Miami Dade County. *

SOLD 2011-12: INDIAN CREEK ISLAND

• 4 Indian Creek Drive: This 80,000SF parcel of vacant land closed for $15,000,000 in July 2011. *
• 18 Indian Creek Drive: This 4Bed/4Bath home closed for $14,500,000 or $1,922psf  in July 2011.

*My exclusive listing

Aerial View: 94 La Gorce Circle, Miami Beach, FL

Rap star, Lil Wayne, went from tenant to home owner closing on 94 La Gorce Circle earlier this month for $11,600,000. After leasing the property for about one year, spending $65,000 per month in rent, Mr. Wayne cut a fair deal at $768psf. Prior owners of the 94 La Gorce lot include: a relative of Julio Iglesias’ and former Peoples’ National Bank of Commerce exec, Sonny Wright. The waterfront estate, located on the east side of this guard gated Miami Beach island, is relatively new construction.

94 La Gorce Circle:

• Living Area: 15,101SF
• Lot Size: 20,857SF
• Water Frontage: 120FT
• Bed/Bath: 9/9 (plus 2 half baths)
• Built: 2004

Capri South Beach-Newly Renovated Lobby

Life is good at Capri South Beach this Spring.

The construction for the newly designed Sam Robins lobby is complete. Upon entry, homeowners  and visitors are transported to an elegantly nautical space, naturally complementing this bayfront retreat.

Inventories are decreasing in Miami Beach’s market place overall, and Capri South Beach is no exception, the three buildings are more than 50% sold. Financing may now be available.

For those buyers seeking the ultimate turnkey experience, several units were recently upgraded by Artefacto as well as Sam Robins.

Capri South Beach sets the bar for tropical, luxury living.

Cher’s first Miami property, 64 La Gorce Circle, is located in one of Miami Beach’s most exclusive guarded island communities. Built in 1953, this completely renovated home offers 11,000sf-plus of living space with 158ft. of water frontage. Just reduced to $10.2M, currently this property offers the best value on La Gorce Island among the six waterfront homes listed for sale.

…It’s been on and off…with celebrities like Janet Jackson and Julio Iglesias each taking a turn as tenants, but was most recently listed for $11.5 million in July…listing broker Nelson Gonzalez of Esslinger-Wooten-Maxwell told The Real Deal today. Gonzalez said he believes the latest price cut puts the estate at well below market value, pointing to a recent, $8.2 million listing on La Gorce Island for a roughly 5,000-square-foot home with fewer feet of waterfrontage.

“The market has been absolutely on fire in Miami Beach recently,” Gonzalez said. “There are a lot of transactions, but at lower prices. People just don’t want to miss the boat at the bottom so they’re sort of getting off the fence.”

-The Real Deal 3/2/11

64 La Gorce Circle:

• Lot Size: 29,507SF
• On the H2o: 158′
• Living Area: 11,460SF
• 6 Bed / 7 Bath / 1 Half Bath
• Cabana with Exercise Room
• 60ft Heated Pool
• Built in 1953

Miami Beach Waterfront Estate: 4411 Pinetree Drive

Originally listed for $17,000,000, I just lowered the ask of this regal property to $7,900,000. Centrally located in Miami Beach, this newly built residence is luxuriously appointed with ultra amenities including:

• 39,000SF lot
• 11,8787SF of living space
• 100ft of water frontage
• Electronic Gated Entry
• Home Theater
• Wine Cellar
• Summer Kitchen
• Private Guest House
• Staff Quarters
• 25ft. Fireplace

2060 North Bay Road, Miami Beach

As the new Miami Heat guard settles in on North Bay Road, the veteran moves on. I sold Rony Seikaly 2060 North Bay Road in 2002 for $2.15M. He tore down the house and built anew, selling it last week for $11.5M/$1,228psf. I believe the buyer, Marcelo Claure-President and CEO of Miami Based Brightstar Corporation, made a fair deal. This sale in addition to recent purchases made by Heat stars Chris Bosh and Dwayne Wade, are evidence that waterfront homes on North Bay Road and Miami Beach have rebounded from the bottom.

• 9,363SF-interior
• 26560SF-lot
• 9Bed/10Bath
• 125FT-water frontage
• Built in 2005
• Builder: John Turchin
• Designer: Sam Robins

2060 North Bay Road, Miami Beach

2060 North Bay Road

2060 North Bay Road, Miami Beach

5150 North Bay Road

Sold in February 2010 for $3.75M, 5150 North Bay Road was just listed for $5.49M.

Have the flippers returned?

6396 North Bay Road

It’s official, Miami Heat star Chris Bosh paid $12.5M to have a piece of Miami Beach’s fabled waterfront. Completed in 2009, Bosh’s new home at 6396 North Bay Road has 12,000SF of living space with 100FT of Biscayne Bay frontage.

5800 North Bay Road

5800 North Bay Road, Biscayne Bay, Miami Skyline

5800 North Bay Road,  a 1929 Mediterranean estate and former J.Lo manse, was transformed into a contemporary residence fit for the twenty-first century. While maintaining the original footprint, the sophisticated contributions of designers Lorraine Letendre, Edwina von Gal and Tom Webber propel this residence to a new level of luxury for Miami Beach real estate. I’ve noticed a confidence among top end sellers today who feel the market lacks ULTRA luxury high end product, my client @ 5800 North Bay Road is a perfect example, asking a cool $29M.

The Ipe gated entry opens to a well appointed Royal Palm forest. An exotic whimsy permeates the acre plus lot with clumpy Zoysia grass, Dominican coral stone, westardly curved Coconut Palms, a Koi Pond and a continuous bay breeze. During this epic renovation, the entire roof was removed, elevating the second floor. A lofty expansiveness prevails through the  master suite and the four upstairs bedrooms. Belgium craftsman skillfully treated the interior walls creating a textural effect throughout. The finishes are exceptional; the amenities immense.The second highest residential offering in Dade County today, 5800 North Bay Road has it ALL:

• 12,152SF Living Area
• 52,881SF Lot
• 200FT of Biscayne Bay Frontage
• 7Bed/8Bath/3Half Bath
• Electronic Gated Entry
• Summer Kitchen and Pool Cabana
• New Dock and Seawall w/ 20,000lb Boat Lift and 2-Jet Ski Lift
• Wine Cellar: 800 bottle capacity
• Petz Windows manufactured in Germany
• 150 year old reconditioned wood floors
• Lutron and Crestron Systems
• Integrated Security System w/ 32 cameras
• Theater
• Elevator
• Staff Quarters
• 3-Car Garage

And if that’s not enough, new North Bay Road residents and Miami Heat Dream Teamers Dwayne Wade and Chris Bosh are moving down the street! Both paid north of $10M.

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Top 5 Residential Listings in Dade County:

1. 3 Indian Creek Drive $60M*
2. 5800 North Bay Road $29M*
3. 40 Star Island Drive $29M*
4. 420 Harbor Drive $25M
5. 1736 W 28 Street $25M*

*located in Miami Beach

Capri South Beach Views: Biscayne Bay and Downtown Miami Skyline

Capri South Beach is a gem, with dramatic views of Biscayne Bay and the Downtown Miami skyline, this new boutique condo is ideally located a few blocks west of Lincoln Road. Under new ownership, the remaining inventory of 46 units are priced to SELL. Internationally renowned designer, Sam Robbins, was enlisted to improve the lobby and common areas providing the spaces with an upscale South Beach aesthetic.

Three Modernist buildings, with 69 residences between them, comprise Capri South Beach. Located on two acres of prime waterfront property, each unit is luxuriously appointed with Travertine floors, Armadi custom closets, sleek European kitchens with Miele and Sub Zero appliances and spectacular views from over sized terraces.

Now offered from $388k to $2.5M, this property is the best condo deal in town. Dock-o-miniums also available.