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

You May Also Like
Panel Looks at “Fort Lauderdale Rising: The New Residential Landscape”

The topics of discussion included the current state and future of the city, where luxury is headed and factors driving the demand for real estate in the area.

Read More
Florida Commercial Property Investment Group Launches in South Florida

The firm will be headquartered in Fort Lauderdale.

Read More
Andare Residences by Pininfarina Breaking Ground on Las Olas

Delivery of completed units is expected to take 24 to 28 months after construction begins.

Read More
Green Realty Merges with Global Powerhouse to Become The Agency Fort Lauderdale West

Chris Green and Patty Da Silva have merged their business with Mauricio Umansky’s The Agency.

Read More
Other Posts
Waldorf Astoria Residences Break Ground in Pompano Beach with 70 Percent of Homes Under Contract

The Residences will feature 92 exclusive condominium homes.

Read More
Florida and Texas Are Gaining Residents at a Slower Rate, Redfin Reports

The rising cost of housing and the increasing frequency of natural disasters are slowing migration to Florida and Texas metros.

Read More
Live Local Act Could Finally Make an Impact on Housing

These proposed updates could finally fulfill the Act’s original promise – bringing critically needed housing to high-cost areas.

Read More
Luxury Development Glass House Boca Raton Breaks Ground

The nine-story residential development is slated for completion in Q2 2027. 

Read More