Miami Condo Market and Lifestyle Updates
The Only Private House South-of-Fifth Lists for $15 Million

The Only Private House South-of-Fifth Lists for $15 Million

by Sep Niakan | February 02, 2015

In arguably the most expensive part of Miami, with million-dollar condos all around the neighborhood, there are still only a few fully detached single family homes south of Fifth Avenue.

Shareef Malnik, the owner of The Forge restaurant, put his 222 Ocean Drive mansion on the market for $15 million under Dora Puig in December. Malnik has owned the home for 20 years, and it remains one of two private homes left in the area.

Malnik has said that he was going for a contemporary beach house feel for the home. After two remodels and a three-story addition were finished, the 7,000 square-foot mansion is a unification of a historic 1930’s Mediterranean Revival house with the feeling of deep emotion. Plus, there’s a rooftop pool.

The other two homes are located on Fourth Street and Jefferson and on Washington Avenue, but neither are as notable as the one on Ocean Drive.

 

Source: therealdeal.com

Photo credit: Home therealdeal.com

Recent posts

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...

Real Estate News

What’s behind Downtown’s Latest Population Explosion?

by Sep Niakan | October 31, 2016

From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...