2017-08-10 / Real Estate News

Miami Beach mansion priced at $65 million

COURTESY PHOTOS COURTESY PHOTOS Miami Beach was an unnamed barrier island with a few avocado trees, dense mangroves, lots of mosquitoes, very few people and almost impossible to get to until an Indiana promoter and entrepreneur began its historic transformation. Carl G. Fisher looked at the strip of desolate Florida sand and saw a grand resort city.

When early developers such as John Collins (think Miami Beach’s Collins Avenue main drag) ran short of money to build the first bridge from the mainland to Miami Beach, it was Mr. Fisher who stepped in with his money and vision to move the project along.

To get people to his new Miami Beach, Mr. Fisher paid for a billboard in Times Square in the middle of the winter advertising that it was June in Miami Beach. Vacationers and transplants began flocking to Miami Beach. The population increased by more than 400 percent from 1920 to 1925.

In 1923, Mr. Fisher built the Miami Yacht Club on Star Island, which he later turned into a private residence.

With the double whammy of the Florida real estate collapse following the Great Miami Hurricane in 1926 and the 1929 Great Depression, Mr. Fisher lost his fortune and spent the remainder of his life as a handyman living in a small home in Miami Beach, where he died in 1939.

Now, for the first time in 30 years, his former estate on Star Island is for sale.

Priced at $65 million, the 1.5-acre property is on the tip of the island with commanding views of Biscayne Bay. The 18,400-square-foot mansion has 10 bedrooms, 12 baths, a two-story formal living room, a 3,000-bottle wine cellar, three offices and two separate staff living areas currently used by a full-time staff of five employees. There is 255 feet of bay frontage, two docks and a boatlift, swimming pool and cabana.

The listing agents are Alexa Lacovelli, Mirce Curkoski and Albert Justo from One Sotheby’s International Realty in Miami Beach. For more information, visit www.sothebysrealty.com. ¦

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