A German genuine estate developer offered a waterfront mansion in Miami Beach’s Biscayne Level neighborhood for a record $15 million.
Property information present 1388 Biscayne Point Highway LLC, a Florida entity managed by Ugo Hensgen, marketed the residence at 1388 Biscayne Point Street to the German company Vitaro Americas GmbH & Co. The true purchaser is unknown.
The off-marketplace offer marks a rate document for household profits in Biscayne Position, even though it may perhaps not hold the title for long. In December, the estate of late Continental National Bank founders Fanny and Charles Dascal listed their waterfront Biscayne Place mansion for $36 million, the Wall Street Journal documented.
Hensgen is a true estate developer centered in Dusseldorf, Germany. He bought the Biscayne Place Street house for $2.3 million in 2018, house records clearly show. He tore down the existing household and finished a 8,700-square-foot mansion on .3 acres in 2022. Spanning 6 bedrooms, six bathrooms and two 50 %-loos, the dwelling also has a pool and a dock.
Selling prices have surged in Biscayne Place in the latest yrs. In 2022, Cognito co-founder John Backus purchased a waterfront residence for $13 million from hospitality mogul Francis Milon. In 2021, author and photographer Ira Resnick purchased a waterfront spec residence for $8.2 million.
Much more not too long ago in Miami Beach front, psychological health experts Dr. John H. Burger Jr. and James Gerhardstein bought a waterfront household for $9.9 million in January. Also final thirty day period, the son of an Irish retail magnate, Bernard Heffernan, offered a non-waterfront Venetian Islands home for $6.5 million.
