A spectacular Miami Beach complex is coming on the market for $170 million, the highest price ever in Florida’s storied real estate history.
Located on the hyper-exclusive La Gorce Island, the property consists of four separate plots and three homes spread over three beachfront acres, according to Coldwell Banker agents Jill Eber and Jill Hertzberg.
“This is a prized trophy compound that most discerning buyers have been waiting years to hit the market,” Eber said in a statement.
Famous doctor, businessman and philanthropist Mr. Lee Pearce paid $3.1 million for four adjacent properties in the 1980s, according to the Wall Street Journal.
Pearce, who lived on the estate for several decades, then purchased additional contiguous plots to create the luxurious expanse that exists today.
The new listing includes a 5,000 bottle wine storage area, a theater and a conference center.
But officers said the “crown jewel” of the resort is a private park called “Domain of Peace and Love” which includes a marble gazebo, extensive gardens and views of the bay.
Hertzberg told the Journal that the unprecedented price reflects the unusually large size of the land for the area and the potential for a subdivision in one of Miami Beach’s most exquisite enclaves.
She also noted that the property has 600 feet of water frontage that can accommodate a yacht.
The island of La Gorce, home to just 60 houses, has become coveted territory for the super-rich due to its privacy, security and panoramic sea views.
Proceeds from what is expected to be a gigantic final sale will go to Pearce’s foundation and his support of medical research and the arts, according to The Journal.
New York Post