Amazing Miami Beach compound listed for a hefty price tag: $40M

210

This amazing bayfront retreat situated on more than one acre 200 feet away from Biscayne Bay has just been listed for $40-million. Built in the late 1920s, the 12,153 square-foot retreat, composed of three buildings, has recently been renovated so that it combines traditional Mediterranean architectural style with contemporary design. This way it was updated with custom-made stainless steel appliances, temperature-controlled wine cellar for up to 800 bottles, an elevator, security and camera system, Lutron lighting, Creston home automation systems, Petz impact windows and central heating system. Other amenities  include customized walk-in closets, a private expansive terrace, an attached 3-car garage and additional parking space, service entrance and separate guest quarters.

Miami Beach estate (4)

The two-story luxury residence features 7 bedrooms, 8 full and 3 partial bathrooms. The main level encompasses the living room, a formal dining room, a gourmet kitchen, a great room, a library/office, a media room, laundry and a pool house. There is a master bedroom on the upper level complete with a master bath, as well as a gym.

The gated entry leads to landscaped grounds bordering a lush palm forest and a koi pond, which offers a breathtaking view of the water and sunset. A Dominican-inspired coral stone deck wraps around the outdoor pool and spa next to which are a summer kitchen and cabana. The renovations include the extensive dock providing a 20,000-lb capacity boat lift complete with double jet-ski lift. What with the current decreased real estate value such a high-priced property may take some time until it finds its owner.