Up, up, and away! After being hammered during the onset of the Covid-19 pandemic, the South Florida real estate market bounced back starting in July 2020. Ever since, pent-up demand has outpaced supply and broken records for the highest price ever, the most transactions per quarter, and so on. Take, for instance, this brand new mansion along swanky North Bay Boulevard. Five years ago, it would have been ludicrous to ask such a high price. Nowadays, the sky-high $42 million price seems, well, expected.
Unsurprisingly, the place offers pretty much everything well-heeled buyers want these days. In the affluent La Gorce neighborhood, right on Biscayne Bay, the boxy wood, glass and stucco structure was designed by Touzet Studio and built by the AquaBlue Group. There are a total of seven bedrooms and eight and a half bathrooms in just over 11,700 square feet.
Modern and contemporary with high ceilings and lots of crisp right angles, the house offers a distinct and by-design Italian flair; There’s custom Italian millwork, an imported Italian kitchen, and a boatload of bespoke Italian furniture, all of which is included in the price according to listings held by Mirce Curkoski at ONE Sotheby’s International Realty. All a buyer really has to do is turn the key, put one their cashmere house slippers so as not to scuff the sugar-white floors, and hang their designer clothes in the custom closets.
Emphasized by the reflecting pools that send splashes of sunlight into the house, the beauty of the watery environment blends seamlessly into the elegant, modern interiors that are cool and spare, a perfect counterpoint to the lush tropical landscaping. With walls of glass on two sides, the cavernous double-height great room offers a close connection to nature without sacrificing luxury (or air conditioning), while the colossal eat-in kitchen is dressed up with classy flannel-grey countertops. The master suite includes more bay views as well as a morning kitchen, a lavish master bathroom, and plenty of closet space. Six other bedrooms are on the property, including staff quarters and a guest wing with its own garden and water views. There’s even commercial grade elevator as well as a comprehensive home automation system to control A/V systems, heating and cooling, security, and window treatments.
Facing west, the .55-acre property offers stunning sunsets as well as great city and bay views through double-height windows. Especially nice features include the indoor/outdoor living green walls and the private dock for parking the yacht. Next to the infinity-edge pool, which blends visually with the waters of the bay beyond, is an open-air pavilion with an outdoor kitchen and pool bath. And for chillier evenings, curl up in the seating area with an outdoor fireplace.
So is the price up, up, and away? We’ll see. But with tech moguls like Peter Thiel and Keith Rabois moving to South Florida and snapping up trophy homes left and right, it seems a solid bet this new home is quickly headed for a new and very, very rich owner.