fbpx

Main Navigation

Sections

Social Media Connect
Our Other Brands
SFBW
South Florida Business & Wealth
Web Extras

Newly Constructed Waterfront Spec Home in Miami Beach for $16 Million

| SFBW Staff

A new 5,243-square-foot waterfront home on a 0.24-acre lot located at 79 N. Hibiscus Drive in Miami Beach sold for $16 million on July 19. Sabal Development, an award-winning Miami-based builder and developer specializing in luxury custom homes, constructed the development within the exclusive Hibiscus Island.

Lourdes Alatriste of Douglas Elliman represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. Marko Gojanovic and Reid Heidenry of ONE Sotheby’s International Realty represented the buyer, Alejandro Montealgre.

The waterfront home was built this year and overlooks Biscayne Bay. Built by Sabal Luxury Builder with interior design by TOGU Design, the home features five bedrooms, five full bathrooms and one powder room. The home’s unique elements include an open dining area with a spacious chef’s kitchen, a full suite of Miele appliances, solid oak wood furnishings, Cotto d’Este tile throughout and Toto and Kohler fixtures in each bathroom. Residences on Hibiscus Island can enjoy tennis courts, basketball courts, a playground and 24-hour police security.

“We are pleased to sell this impressive waterfront property in Miami Beach’s exclusive Hibiscus Island for $16 million,” Nicolai says. “Miami continues to be a hot real estate market, and we take pride in creating homes that offer modern, luxury living.”

Sabal Development works to understand its valued clients’ unique needs and lifestyles as a custom home builder. Sabal Luxury Builder works with engineers, architects, and designers to fulfill each project from start to finish. Nicolai has more than 30 years of experience in the industry, with completed projects in Europe and the U.S. Sabal Development and Sabal Luxury Builder earned over $130 million in custom-built home sales in 2021.

Photos courtesy of Sabal Development

You May Also Like

More Web Extras Posts
Construction Begins on Luxury Apartment Project in Royal Palm Beach
 |  SFBW Staff

Lynd Development recently commenced building The Villas at Tuttle Royale, a 401-unit luxury apartment project in Western Palm Beach County. The real estate firm partnered with Tuttle Land Investments on the project, which required a $126 million construction loan from S3 Capital and $21 million in preferred equity from Declaration Partners. The 401-unit rental community will

Nicklaus Children’s Health System Appoints Kevin Snyder to Serve as Vice President of Marketing and Communications
 |  SFBW Staff

Kevin Snyder has been hired as Vice President of Marketing and Communications at Nicklaus Children’s Health System (NCHS) in South Florida. NCHS is the parent organization of Nicklaus Children’s Hospital, South Florida’s only licensed specialty hospital exclusively for children. “We are delighted that Kevin will lead our marketing and communications programs,” Jennifer McCafferty-Fernandez says, Ph.D.,

Vinya Wine to Celebrate National No Phone Day With Miami’s Top Restaurants
 |  SFBW Staff

Wanting restaurant guests to enjoy their meal and camaraderie with friends and family, Vinya Wine is spearheading an initiative to encourage patrons to enjoy a sip of wine with friends or family on National Phone Day. Organized by Allegra Angelo, Vinya Wine partner and sommelier, Tuesday, April 18 has been declared No Phone Day, with

Sales Launch at New Broward Community
 |  SFBW Staff

Pulte Homes, one of the nation’s largest homebuilders, recently commenced sales at Cassia Commons, a new townhome community in Lauderdale Lakes. The 44-home gated development is located between the Florida Turnpike and I-95, bordered by NW 30th Street to the north, NW 33rd Ave to the west, and Somerset Drive to the east. It is

Other Posts

NSU Broward Center of Innovation Hires Catarina Suplicy as New Director of Community Engagement
 |  SFBW Staff

The Alan B. Levan | NSU Broward Center of Innovation in Fort Lauderdale hired Catarina Suplicy as the new Director of Community Engagement. Suplicy’s diverse background includes experience in operations, events, sales, catering, and conferences. Suplicy brings excellent organizational and leadership skills, an entrepreneurial mindset, and fluency in three languages to the Levan Center of

Major League Baseball Star Max Scherzer Purchases Luxury Jupiter Estate
 |  SFBW Staff

Lori Schacter of Illustrated Properties closed the nearly $18 million sale of a waterfront estate in Jupiter’s exclusive Admirals Cove community purchased by Major League Baseball player Max Scherzer. Schacter successfully listed the corner lot at 217 Commodore Drive and secured a sale close to the property’s asking price.  Scherzer, a three-time Cy Young Award

Waterfront Mansion in Boca Raton Lists for Over $22 Million
 |  SFBW Staff

La Casa Delle Palme, a gated estate offering 150 feet of waterfront property in Boca Raton overlooking the Royal Palm Waterway and Capone Island, was recently listed for $23 million. The Listing Agent is Matthew Quattrociocchi of CENTURY 21 Tenace Realty. The home has seven bedrooms, nine full baths, and two and a half baths

Innovative Mental Health Brand Opens in Coral Gables 
 |  SFBW Staff

Ellie Mental Health, a franchise focused on making quality mental health services more accessible, continued its national expansion by opening its first location in Coral Gables to provide innovative mental health care services for all ages. The Coral Gables clinic is located at 1533 Sunset Dr, Suite 225. Local owner Nicholas Machado developed a passion