AquaBlue Group Sells Miami Beach Mansion for $62.5 Million
AquaBlue Group Sells Miami Beach Mansion for $62.5 Million
Philippe Harari's AquaBlue Group has achieved a remarkable feat by selling a luxurious waterfront mansion on Miami Beach's La Gorce Island for a staggering $62.5 million, marking one of the most expensive sales in the island's history. The opulent property, located at 98 La Gorce Circle, was acquired by an entity associated with U.K.-based Sun Consultancy LTD, with the actual buyer remaining undisclosed. Harari, a prominent figure in Miami Beach's luxury real estate market, has previously orchestrated the sales of other high-end properties on the island, including a Palm Island mansion for $24.5 million in 2019 and another for $20.4 million in 2018.
The recently sold mansion, situated on a 0.8-acre lot, was developed by Harari after acquiring the land for $9.3 million in 2019. The 12,800-square-foot estate, completed last year, boasts an array of amenities including seven bedrooms, ten bathrooms, three half-bathrooms, a gym, spa, wine cellar, pool, and a dock. The architectural design was spearheaded by Raphael Levy of Miami-based Choeff Levy Fischman Architecture + Design, who aimed to create a distinctive and forward-thinking home.
Key Takeaways
- AquaBlue Group sells Miami Beach mansion for $62.5 million.
- Mansion located at 98 La Gorce Circle, La Gorce Island.
- Sale linked to U.K.-based Sun Consultancy LTD.
- Designed by Choeff Levy Fischman Architecture + Design.
- Mansion features 7 bedrooms, 10 bathrooms, and a gym.
Analysis
The sale of AquaBlue Group's Miami Beach mansion for $62.5 million underscores the robust demand for luxury real estate in prime locations. Facilitated by U.K.-based Sun Consultancy LTD, this transaction highlights international interest in high-end U.S. properties. The price reduction from $75 million to $62.5 million indicates market adjustments in response to global economic conditions. In the long run, such sales could influence property values and development trends in La Gorce Island, attracting more affluent buyers and potentially leading to increased property development and architectural innovation. This could also impact local real estate firms and architects, like Choeff Levy Fischman, by enhancing their prestige and marketability.
Did You Know?
- AquaBlue Group: A prominent real estate group known for handling luxury properties, particularly in Miami Beach. Founded by Philippe Harari, it specializes in high-end real estate development and sales.
- La Gorce Island: An exclusive residential island located in Miami Beach, Florida, known for its upscale properties and waterfront mansions. It's a prestigious address favored by the affluent due to its privacy and proximity to Miami's urban amenities.
- Choeff Levy Fischman Architecture + Design: A renowned architectural firm based in Miami, known for its tropical modern designs. They have designed numerous luxury homes and commercial properties in South Florida, focusing on integrating indoor and outdoor spaces with a contemporary aesthetic.