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Most Expensive Sale on Sunset Island III in Miami Beach

Posted by Esther Percal | on July 11, 2014

Categories: Miami Beach Real Estate, Modern Homes, Sunset Island III, Waterfront Homes

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EWM Realty International’s Esther Percal and David Solomon set a new record for a single family home on Sunset Island III, one of the most sought after addresses in the red hot Miami Beach Luxury Real Estate Market. That sales record may not hold for long. Miami Beach’s inventory of single family homes is shrinking, and practically every new sale sets a new price point.

The newly-built  modern home has 9,904 square  foot, eight bedroom, eight bath residence at 2305 Lake Ave., designed by noted developer Todd Michael Glasser, sold for $14.5 million. It sits on a 23,857 square foot lot that includes 160 feet of waterfront and a private dock.

It’s important for Miami Beach to record sales of this caliber, which are indicative of our market’s growth and recovery,” added David. “This vibrant neighborhood, in particular, is flourishing, and it is an honor to be showcasing its attributes in tandem – and team member Cyndi Henriksen.”

Read the entire article as seen in Miami Today edition of Thursday July 10, 2014 click here.Miami Today 07 10 2014 #2