The Piano Man Sells MB Mansion for $1 Million Less than Asking Price
by Sep Niakan | 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.
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.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...