The Piano Man Sells MB Mansion for $1 Million Less than Asking Price

Aug 21, 2013 August 21, 2013

Grammy-winning musician Billy Joel has sold his bayside, Miami Beach home for $13.75 million; $1 million shy of his initial asking price of $14.75 million. The nearly 9,000 square foot waterfront mansion was purchased by Joel in 2006 for $13.5 million. Located on La Gorce Island, the seven-bedroom, 8.5 bathroom residence shares space with homes previously owned by celebrities such as Cher, Shakira, and Lil’ Wayne.                                                                 

                                                                               Billy Joel 

Joel historically purchases, and occasionally flips, high-dollar real estate from property he bought in Central Island, N.Y. for $22 million, to a West Village, N.Y. apartment he bought in 2005 for $5.9 million (and subsequently sold for $11.65 million in 2011). As recently as 2007, Joel purchased two beach homes in the Hamptons for his then-wife Katie Lee. His current sale was an all-cash deal that netted the artists a relatively meagre $25,000.

The house, which also includes a vast outdoor kitchen, wine cellar, infinity pool, tiled courtyard, and second-floor balconies, was put on the market in May 2012 and was eventually purchased by Diego Della Valle, a majority shareholder in Saks Fifth Avenue. Built in 2004, the mansion, which faces 165 feet of Biscayne Bay waterfront, served as Billy Joel’s residence for six years before the sale.

Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Family Friendly Condos: The Top 3 Buildings in Edgewater, Miami
Real Estate News Family Friendly Condos: The Top 3 Buildings in Edgewater, Miami
The decision to buy a new home is one of the most exciting ones you'll ever make. And when you're moving with a family, you've got the kiddos to consider. At the top of the list when looking for a family friendly home is, what's the neighborhood like? Are there many family friendly activities and parks? And what amenities does the condo building have? Do the condos have a children's room or teen room? Kiddie pools? How about some spaces dedicated for parents? Talking about Edgewater, this residential neighborhood has been climbing popularity charts in recent years, and fast, especially with young families. Edgewater has emerged as one of the most desirable residential destinations in Miami, with new luxury construction and branded condo developers eyeing this bayfront area, which comes dotted with cafés, restaurants, convenience stores, and parks. So, which are the most family friendly condos in Edgewater? Condo BlackBook has created the following point system to rank the most family...
October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
Lifestyle October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
It’s that time of year again, when orange skies fill the air and pumpkin spice lattes fill your coffee mug. Fall in Miami is truly beautiful - the weather is cooler, the sunsets are stunning and the pace of our lives starts to wind down a bit. October in Miami is great time to experience the outdoors and get in some nature walks to recharge the senses without breaking much of a sweat - not to mention have some fun! So, for things to do in Miami this month, we’ve got a mixed goodie bag of online and on-ground events to help you have some Halloween fun. (We highly recommend double checking the availability of the on-ground events before heading out.) There’s also a virtual run, online jazz series, boat show, and carnival to keep you in the highest of fall spirits. Look below for the complete list of virtual and on-ground events to spice up your October in the Magic City: Halloween Specials Drive-Through Pumpkin Patch: October 3-31 Miami-Dade County Fair & Expo Center, University...
Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Lifestyle Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Nothing embodies the Miami lifestyle better than a day of sailing on the beautiful blue waters of Biscayne Bay, the Atlantic Ocean, or the Intracoastal Waterway. Boating is a way of life in South Florida. For those who want to board a boat and join the fun, here is a list of our 10 favorite sailing and boating clubs in Miami.  1) Biscayne Bay Yacht Club 2540 S Bayshore Dr, Coconut Grove  The Biscayne Bay Yacht Club (BBYC) is Miami’s oldest boat club, dating back to 1887, when it leased the Florida Cape Lighthouse as its headquarters.  The club purchased its current clubhouse in 1932 and has been involved in practically every important sailing race in South Florida to date.  Today, the club continues to be among the most popular sailing clubs in Miami, with regattas throughout the year, sailing lessons, and all kinds of sailing events. The BBYC has also become popular among windsurfers and is now known as the international hub for this popular sport, turning out Olympic-caliber...
These Two New Miami Towers Could Become Edgewater’s Latest Developments
Real Estate News These Two New Miami Towers Could Become Edgewater’s Latest Developments
Edgewater is expanding. Again! With two new residential towers planned - one condo and one multifamily - the Miami waterfront neighborhood is once again proving it’s continuing to be Miami’s most desirable neighborhood. Both projects are currently awaiting a vote from the City of Miami’s Urban Development Review Board. Developers have been attracted to Edgewater for residential projects, given its family-friendly vibe. The Bayfront neighborhood further benefits from close proximity to the shops and restaurants of Midtown, high-end shopping at the Design District, the eclectic art scene of Wynwood, and general vivacity of Downtown. It is also minutes from a Metromover station that takes people through to Downtown and Brickell. New Edgewater Condo Grupo T&C: 36-story, LEED-certified Condo Tower designed by Kobi Karp Sitting just behind Quantum on the Bay and 1800 Club, Lima-based developer Grupo T&C is proposing a 322-unit, 36-story tower at 1825 and 1837 NE Fourth Avenue. The...
Must-Have Tech to Make Your Condo a Smart Home
Opinions and Advice Must-Have Tech to Make Your Condo a Smart Home
Smart Home technology has been improving year after year and has probably been making your life easier without you even knowing. In the last few years, the home-tech market has exploded leading to a new generation of smart home devices that let you automate your condo.  Whether it’s an energy-saving, AI-powered thermostat keeping your condo at the right temperature, or maybe a smart security system that keeps burglars at bay. There is no question the smart home market is growing and here to stay. What: Philips Hue - The Smart Light Bulb Why: The Philips Hue Smart Bulbs give you access to the color and tone of the lights in your condo all from an app on your phone. These smart light bulbs communicate through Bluetooth and wifi, letting you control the lighting around your condo with just a smartphone! Depending on which model you buy, you’ll be able to not only change the strength and hue of the light but even the color. Dim purple lighting in your living room? Easy. All without...
Need to Get Away from It All? Escape to a Miami Sandbar
Lifestyle Need to Get Away from It All? Escape to a Miami Sandbar
Destination: Sandbar Miami Miami’s coastline provides plenty of adventure, fun and stress relief, the perfect life hack for destressing! Whether you’re into boating, kayaking, swimming, or scuba diving, our coast provides plentiful areas where natural beauty and cooling relief from the hot sunny weather await you. Among the many delights that the Miami coastline has to offer are the sandbars that emerge along the beach at low tide. While most sandbars come and go with the tides and shifting sands, there are several that are established as permanent, and three in particular within Miami. These sandbars are sunny oases in the middle of the sea, accessible only by boat or kayak, and have become popular fun zones where families and singles can swim, relax, and party.  If you are looking to enjoy a special adventure in the water, set out on the waters and check out these gorgeous Miami Sandbars the next time you go out boating or kayaking. Haulover Sandbar 10800 Collins Ave, Sunny...