New Construction Home Lists for Nearly $6 Million in Morningside

The home at 531 NE 52nd St. is one of Limestone Asset Management’s first two spec homes.

Limestone Asset Management, a Miami-based company, recently unveiled its latest construction home listed for sale. The contemporary home is at 531 NE 52nd St. in Morningside, a charming, historic, and secure residential community in Miami. The property is currently being offered for $5.85 million, making it the most expensive non-waterfront home in Morningside if sold at that price per square foot. 

Additionally, it is the only new construction house available for purchase in Morningside at this time. Brandon Brugal and Uccio Zecchini from BZG International, a full-service Miami-based real estate brokerage firm, are the listing agents. They are also part of Tetra Group, a reputable Miami-based real estate investment firm. The 4,480-square-foot, two-story home was completed in July 2023 and includes six bedrooms, five bathrooms, an outdoor pool, and a one-car garage. On an 8,363-square-foot lot, it is near the 42-acre Morningside Park, a historic and protected area on Biscayne Bay.

Designed by top Miami architecture firm Preschel + Bassan Studio, the residence epitomizes modern elegance with features including:

  • Top-of-the-line fixtures and finishes, including porcelain stone-walled bathrooms, large format porcelain tiles, custom Italian doors, white oak wood floors and wood tongue and groove ceilings
  • Nine-foot wooden pivot front door
  • Open floor plan and 22-foot living room ceiling allowing natural light to pour in
  • Oversized custom Italian kitchen offering a surplus of cabinet and storage space, Wolf gas appliances, Sub-Zero refrigerator, chef hood, double kitchen sink, wine cooler, and a built-in dining bench for eight
  • Sliding hurricane-resistant impact windows
  • Expansive principal bedroom suite, including a walk-in closet and a terrace overlooking the pool and backyard
  • Full cabana bath with access to the pool
  • Three A/C units
  • Indoor wooden floating stairs
  • Indoor and outdoor prewired sound system
  • 20 x 12 pool with Aqualink Wi-Fi control with up to ten variations of lighting
  • Outside built-in grill
  • Native buttonwood and Florida thatch palms in the backyard and oak trees in the front yard
  • Landscape lighting
  • Shellstone paver driveway
  • Roof-designed solar ready for one to install solar panels

“This stunning, contemporary home is ideal for the luxury buyer who wishes to enjoy the tranquility and unique style of Morningside, an upscale, historic suburb featuring Mediterranean Revival-style homes,” Ibrahim Al-Rashid says, chairman of Limestone Asset Management. “Morningside is a highly sought-after community, and this new construction home is a wonderful addition to the single-family home neighborhood, as we anticipate it will sell as the most expensive non-waterfront lot per square foot in Morningside.”

Limestone Asset Management invests in and acquires real estate properties across all asset classes throughout North America and expanded to add a residential development division in 2022.

Photo Credit: Inflight

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Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.