The absolute highest end of the Miami Beach market is sizzling.
Broker Oren Alexander of Prudential Douglas Elliman’s the Alexander Group has just closed on a $47 million deal for the 30,000-square-foot mansion at 3 Indian Creek. Alexander brought in the unnamed Russian buyer after co-listing the mansion (built by Alexander’s father, Shlomi, and Felix Cohen) with Coldwell Banker’s Jill Eber and Jill Hertzberg. The price is a record for a single-family home in Miami-Dade County.
And up in Bal Harbour, Prudential Douglas Elliman’s Senada Adzem recently closed on a $24.6 million deal for a combined five units, a total of 16,430 square feet, at the St. Regis Bal Harbour hotel-condo development. The price is a record for a condo sale in Bal Harbour. Sources say that the buyer, an investor who is also Russian, might keep one unit and rent out the rest.
“We are currently in talks with them,” Oren Alexander says of the St. Regis buyer with the potential rental units.
And now that Alexander is done with 3 Indian Creek, he is focused on 252 Bal Bay Drive in Bal Harbour Village. He and his brothers have closed on a nearly $6 million deal to buy the vacant bayfront lot. As The Post first reported, Alexander has plans to construct an almost 11,000-square-foot “tropical modern beach house” — designed by architect Chad Oppenheim and built by Alexander’s father — on the lot.
The asking price for the mansion? $25 million. “Miami Beach has just started heating up in the past six months, with most buyers being from overseas and paying cash,” Alexander says. “I see no reason for cooling off anytime soon.”