Inside the most costly residence on the market in Bal Harbour, Forida

The costliest single-family residence on the market within the unique Bal Harbour Village part of Miami Seaside known as Villa Magnolia, and it has an asking value of $35 million.

The 2-story residence at 182 Bal Bay Drive consists of eight bedrooms, 11 baths and greater than 12,800 sq. ft of dwelling area, in line with itemizing agent Jill Hertzberg of The Jills Zeder Group.

Hertzberg informed CNBC there are a number of causes the property ought to command the highest price ticket within the space, “the primary one being location, location, location.”

The property was constructed on the northern tip of Miami Seaside, inside a gated neighborhood nestled between the Atlantic Ocean and Biscayne Bay. The unique neighborhood consists of its personal police power and a marina. 

Villa Magnolia’s asking value places the house’s value per sq. foot north of $2,900. For comparability, within the fourth quarter of 2020, the typical single-family residence within the Miami Seaside-Barrier Island space offered for about $3.79 million with a median value per sq. foot of $1,047, in line with the Elliman Report’s luxurious actual property information. That locations Villa Magnolia on the very prime of the market with a value per sq. foot that is 277% above common.

Hertzberg described Villa Magnolia as “a contemporary neoclassical-style residence.” It options classical parts similar to columns, coffered ceilings and hand-crafted stone all through.

One of many residence’s greatest promoting factors, in line with Hertzberg, is its 221 ft of water frontage in its yard.

There you may additionally discover a one-story waterfall. The press of a button sends water cascading from an infinity pool on a second-floor terrace into the primary pool overlooking Miami’s Biscayne Bay.

Its waterfront consists of 100 ft of dockage clad in white stone. 

Inside, the house is equally spectacular. Here’s a look:

The house is being offered totally furnished and far of its furnishings was designed by Fendi. The Italian-made eating desk, pictured right here, seats 16.

Hanging on the head of the desk is a picture of Marilyn Monroe that may be set in movement by distant management to disclose a flat-panel TV.  

The proprietor’s suite has a king-size mattress with headboard and trim upholstered in white crocodile pores and skin.

Off the proprietor’s bed room is a terrace and infinity pool.

The “her’s closet” has floor-to-ceiling mirrors and consists of its personal terrace.

The “his bathtub” encompasses a floating onyx vainness illuminated by lighting embedded beneath the stone.  

The cinema room partitions are lined with black alpaca fleece. Encompass-sound audio system are constructed into its partitions and hidden behind custom-framed film posters.

And whereas Villa Magnolia is the most costly mansion on the market in Bal Harbour, it’s not the most costly property on the market within the village.

“A 1.8-acre waterfront parcel at 200 Bal Bay Drive was lately listed for $65 million,” Hertzberg mentioned.

By comparability, Villa Magnolia has extra sq. footage, a bigger lot, double the water frontage, plus it is being supplied turn-key with all of the designer furnishings, Herzberg mentioned.

Though Covid-19 prevented in-person showings of Villa Magnolia for a few month, there was a dramatic enhance in demand via the pandemic and it led to a record-breaking 12 months, Hertzberg mentioned.

“In 2020, our staff, The Jills Zeder Group, exceeded $1 billion in gross sales,” she mentioned.