Introduction to the Record-Breaking Sale
Move over Ken Griffin. Billionaire Vladislav Doronin just set a new real estate record in Miami-Dade County after selling his Star Island mansion for $120 million.
The Russian-born developer and businessman sold the sprawling estate to an entity tied to tech entrepreneur Michael Ferro Jr., according to the Real Deal.
Details of the Sale
The sale of the Star Island mansion is a significant event in the Miami-Dade real estate market, surpassing previous records. The mansion, located on the exclusive Star Island, boasts stunning views of the Miami Beach coastline and offers a unique blend of luxury and privacy.
The Buyer and Seller
Vladislav Doronin, the seller, is a well-known figure in the real estate industry, with a portfolio of high-end properties around the world. Michael Ferro Jr., the buyer, is a tech entrepreneur with a passion for luxury real estate. The entity tied to Ferro Jr. acquired the property, marking a significant investment in the Miami-Dade real estate market.
Impact on the Miami-Dade Real Estate Market
The sale of the Star Island mansion for $120 million sets a new benchmark for luxury real estate in Miami-Dade County. The transaction demonstrates the ongoing demand for high-end properties in the area, driven by the region’s growing appeal to wealthy individuals and families.
Features of the Mansion
The Star Island mansion is a testament to luxury living, with its expansive grounds, sleek design, and premium finishes. The property offers a unique blend of indoor and outdoor living spaces, perfect for entertaining and relaxation.
Conclusion
The sale of the Star Island mansion for $120 million marks a significant milestone in the Miami-Dade real estate market. The transaction highlights the area’s appeal to high-net-worth individuals and sets a new standard for luxury properties in the region.
FAQs
- Q: Who sold the Star Island mansion?
A: Billionaire Vladislav Doronin sold the Star Island mansion. - Q: How much was the Star Island mansion sold for?
A: The Star Island mansion was sold for $120 million. - Q: Who bought the Star Island mansion?
A: An entity tied to tech entrepreneur Michael Ferro Jr. bought the Star Island mansion. - Q: What is the significance of the sale?
A: The sale sets a new real estate record in Miami-Dade County, surpassing previous records and demonstrating the ongoing demand for luxury properties in the area.
