Real estate boom continues with $90 million estate with 2 homes on Star Island – CBS Miami

MIAMI (CBSMiami) – Star Island is home to Miami Beach’s most coveted addresses with just 30 waterfront homes, including one owned by Gloria and Emilio Estefan.

These mega-mansions have been hot sellers during Miami’s recent housing boom.

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“More than a third of the island has done fair trade since 2019,” said Alyssa Morgan, estate agent at One Sotheby’s International Realty.

“What do you attribute that to?” asked CBS4’s Lisa Petrillo.

“I think it has to do with domestic and during COVID people were moving here for tax reasons. Also, people are swapping homes on the island,” Morgan said.

Island of 27 Stars (CBS4)

27 Star Island is a one-of-a-kind estate featuring two separate homes on the same property.

The original house built in 1924 by prominent architect Walter De Garmo is the first residence on the island. In 2014, it was bought for $10.4 million by business tycoon Mark Jansheski.

27 Star Island has two houses on the property. (CBS4)

He literally picked it up and moved it to the south side of the property to make way for a second home he built, a modern masterpiece overlooking 100 feet of waterfront, designed by the architect Saota.

“It’s really unique and rare to have two houses on one property,” Morgan said.

House Of Garmo (CBS4)

The De Garmo house really feels like old Miami history and when you walk into the new Saota designed house.

It is an 18,000 square foot modern masterpiece. It’s really cool to see the difference in life in Miami between history and today.

Chandelier (CBS4)

“This chandelier was handmade on an island in Italy. All the chains are superfine almost like a chain from Tiffany’s,” Morgan said.

The 8-bedroom house with 3 large living rooms also has a wine bar that holds 1,400 bottles and a single room with real roots.

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Wine bar (CBS4)

“This beautiful olive tree, which was actually born in Italy, was taken to California and moved here in a trailer. He is 85 years old,” Morgan pointed out.

They head upstairs to the vast master suite and its balcony, then to the VIP suite.

“You have this beautiful open concept of bathrooms and open closets. You have your private deck and a view of the water,” Morgan said.

Water View (CBS4)

“It’s beautiful and then that direct view of the water,” Petrillo said.

Outside, they find the huge wrap-around pool, Jacuzzi and oversized deck space plus a brand new boat dock.

Wraparound pool (CBS4)

Back to the 1924 De Garmo guesthouse with 3 bedrooms, reimagined with a 1920s vibe.

All floors are restored Miami-Dade Pine which were the original home’s underwater piles.

Umbrella ceiling art piece. (CBS4)

One room features more than a dozen photographic umbrellas as ceiling artwork.

“It’s so Mary Poppins,” joked Petrillo.

27 Star Island, where old meets new and is ready for the taking.

It is priced at $90,000,000.

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