6 BR, 2 guest apartments, 5-car garage
Resuming our tour of the high-end lifestyle that is Miami, here's a timely reminder that some individuals remain better capitalized than many Wall Street firms. Witness: the above parcel of land, 1.93 acres to be exact fronting 570 feet of bayfront on Sunset Island II, recently traded hands for $22.5 million, reports the Miami Real Estate Blog. According to broker Alex Shay, three other Sunset Island properties have recently traded hands at prices ranging from $4.6 million to $10 million. As we said, well capitalized.
As part of our partnership with Fontainebleau, we're helping them give away a four-day, three-night trip for two to the winner's choice of Fontainebleau Miami Beach or Fontainebleau Las Vegas.