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Tal and Oren Alexander with 2135 Lake Avenue (Getty)
High Douglas Elliman brokers Oren and Tal Alexander paid $10 million for a waterfront teardown in Miami Seaside the place they plan to construct a brand new residence.
The Alexander brothers closed on 2135 Lake Avenue final week in an all money deal, Oren Alexander mentioned. Property information present Alan P. Rosefielde bought the five-bedroom, four-bathroom home on Sundown Island IV. Oren Alexander represented the vendor and himself, in keeping with Realtor.com.
The greater than half-acre Sundown Islands property options almost 150 toes of water frontage. A mansion of as much as 11,500 sq. toes may be constructed on the lot.
The brothers employed Cesar Molina to design the brand new residence. Their father, Shlomy Alexander, will construct it. Oren Alexander mentioned he and his brothers will promote their mansion at 3541 Flamingo Drive when the brand new home is almost accomplished.
Close by, hospitality mogul David Grutman not too long ago bought his waterfront Sundown Island IV residence for $8.3 million, and the brand new proprietor relisted it for $10.2 million. Grutman gained approval on Tuesday to construct a brand new mansion on Alejandro Sanz’s former property on North Bay Highway that he purchased in November.
The waterfront single-family residence market in Miami Seaside has been on hearth through the pandemic, with consumers and renters fleeing high-tax states in favor of South Florida. There has additionally been a wave of superstar consumers, together with Cindy Crawford and Rande Gerber, Karlie Kloss and Joshua Kushner, and Tom Brady and Gisele Bündchen choosing up properties in Miami Seaside and close by Indian Creek Village.
Final month, developer Zachary Vella paid $15.2 million for 2 adjoining waterfront Venetian Islands heaps the place he plans to construct a house for his household.
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