A magnificent estate on the exclusive Star Island has just shattered Miami's real estate records, selling for an unprecedented $120 million. This landmark transaction, reported by the South Florida Business Journal, now stands as the most expensive single-family home ever sold in Miami.
The extraordinary property spans 2.5 acres of prime waterfront land and features an impressive 18,704-square-foot residence. This sale surpasses the previous Miami record set in 2022, when billionaire Ken Griffin acquired a Brickell Avenue property in Coconut Grove for $107 million.
Star Island, a private man-made island in Biscayne Bay, has long been one of Miami's most prestigious addresses, attracting celebrities, business magnates, and high-net-worth individuals seeking privacy and luxury. This record-breaking sale further cements Star Island's status as the crown jewel of Miami's ultra-luxury real estate market.
The transaction reflects the continued strength of Miami's position as a global destination for ultra-high-net-worth buyers and highlights the growing appeal of South Florida's luxury residential market despite broader economic uncertainties.
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