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 | February 26, 2017
The first days of Spring in Miami are arriving and so is a wave of exciting new events. Whether you’re enjoying the spring break (or trying to avoid those on one), here are some great events to look forward to in the month of March: Miami...
by Sep Niakan | February 22, 2017
A previous blog on how a petition to privatize an alley adjacent to Cité Condo sparked rumors of a new hotel coming to Edgewater did spark another thought process. It seems the latest trend for developments in Edgewater is to either be a...
by Sep Niakan | February 15, 2017
Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...
by Sep Niakan | February 14, 2017
Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...