Jose Lambiet

Former party promoter Casares loving her Grove Isle condo

Ingrid Casares’ Grove Isle condo.
Ingrid Casares’ Grove Isle condo. MLS

Former Miami Beach nightlife promoter Ingrid Casares has just spent a small bundle of cash on an apartment on Grove Isle, the tiny island off the mainland just south of the Rickenbacker.

Casares, 53, paid $840,000 for the two bedroom crib across the bridge from Coconut Grove in late July.

“I love Grove Isle because it’s a real island where I feel like I’m on vacation,” Casares tells us from her ninth-floor unit. “It’s also very private. The condo is worth much more than what I paid for it. It’s a real jewel.”

Casares is sharing the 1,800-square-foot home with her 17-year-old son, Nico. It came furnished with primo Art Deco but does carry a $1,500-a-month HOA fee.

“It’s got the amenities of a first class resort,” Casares said. “And I’ll end up making money.”

She ain’t kidding. Casares has a knack for flipping condos. Just last year, she sold her condo at the nearby Gables On The Green to tennis legend Mary Jo Fernandez for $970,000 — close to an 85 percent profit.

Known for her co-ownership of Miami Beach’s Club Liquid with convicted killer Chris Paciello in the late 1990s, Casares was the dark-haired pixie who was attached at the hip of Madonna, back when the singer lived in Miami.

These days, she promotes events at Gulfstream Park, including the televised high-stakes Pegasus World Cup in late January.