Real Estate

$29 million home sale sets Star Island record

 
 
A new contemporary-style mansion at 30 Star Island sold for $29 million. Agents Jill Eber and Jill Hertzberg of The Jills Team at Coldwell Banker say the island is in keen demand among high-end house hunters.
A new contemporary-style mansion at 30 Star Island sold for $29 million. Agents Jill Eber and Jill Hertzberg of The Jills Team at Coldwell Banker say the island is in keen demand among high-end house hunters.
Luis Travieso

mbrannigan@MiamiHerald.com

A new contemporary-style mansion at 30 Star Island Dr. sold Friday for $29 million, the highest price recorded for the Miami Beach island.

“We’re in a very healthy market and Star Island has always been and continues to be sought after,” said luxury superbroker Jill Eber, half of The Jills Team at Coldwell Banker, which sold the listing on the gated island for developers Todd Glaser and the Posner Group.

“We’re seeing a market that is very strong,” said Jill Hertzberg, the other Jill on the team, which also sold 15 Star Island Dr. in March for $17.5 million. That property, which sits on a 40,000-square-foot lot, is expected to be knocked down and supplanted with a more lavish manse.

The seller of 15 Star Island was Alfonso C. Rey, founder and chairman of Miami-based Centurion Air Cargo, and the buyer was George Lindemann, a Palm Beach investor who is No. 488 on Forbes magazine’s list of billionaires with assets listed at $3.4 billion.

The latest sale at 30 Star Island is a spectacular, 16,000-square-foot estate, also on a 40,000-square-foot lot, with glass walls to take advantage of the views of Biscayne Bay. It has 11 bedrooms, 11 full and 2 half baths, and an 1,800-square-foot guest house with a private pool. The main home has a spa bathroom off the master suite, a theater, a gym, a gourmet chef’s kitchen, an elevator, a rooftop deck, a cabana and a five-car garage.

The sale was below the asking price of $35 million.

Several other properties on the island changed hands recently. Rosie O’Donnell sold her place there in 2013.

Read more Business stories from the Miami Herald

  • In Miami, the art of Beatriz Milhazes fills museum, condo

    Brazilian artist Beatriz Milhazes is in the Miami spotlight this week as her solo goes up at the Perez Art Museum Miami and a Key Biscayne condo featuring her work is completed.

  • ECONOMY

    Fed signals firm end to bond buying

    The Federal Reserve, while keeping interest rates near zero, said it would further taper its monthly purchase of bonds and likely end the practice after its late October meeting.

  • Atlantic Broadband offers 1 Gigabit service

    Atlantic Broadband, the nation's 13th largest cable operator, announced Wednesday that it is delivering 1 Gigabit symmetrical Internet within its Miami footprint. Atlantic Broadband launched this service to residents of Indian Creek Village this summer and is evaluating expansion opportunities.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category