Miami’s latest nine-figure listing to hit the market this season is the 1.6-acre waterfront estate neighboring Ken Griffin in Coconut Grove.
Four years after the billionaire Citadel founder bought the bayfront compound for $106.9 million, his neighbors are looking to beat that price for their home at 3149 Brickell Avenue, which hit the market this week asking $110 million.
Miami’s ultra-luxury market is heating up amid reports of major purchases by prominent billionaires, including Google co-founders Larry Page and Sergey Brin. Meta CEO Mark Zuckerberg is also reportedly considering a $200 million Indian Creek Island listing. The estate has been marked under contract since the story broke that Zuckerberg and his wife Priscilla Chan were eyeing the under-construction mansion.
Records show the sellers of the Coconut Grove estate are Jim Nunes and Karen Romfh Nunes, the latter of whom is a descendent of Miami’s prominent Romfh pioneer family. Her grandfather, Edward C. Romfh was Miami’s 12th mayor and president of First National Bank of Miami from 1902 till 1946, according to published reports.
Ashley Cusack with Berkshire Hathaway HomeServices EWM Realty has the listing.
The compound spans 170 feet of waterfront along Biscayne Bay, according to the listing. Records show Karen Romfh Nunes and her husband bought the home from her late mother, Emily Romfh, for $6.6 million in 2012. Built in 1920, the estate includes a 5,700-square-foot home with seven bedrooms, five bathrooms, one half-bathroom and a dock.
The $110 million asking price makes it the third-most expensive home on the market in Miami-Dade County, following MSP Recover CEO John Ruiz’s $175 million listing for a waterfront Coral Gables estate and Todd Glaser’s $169 million asking for a 2.3-acre waterfront site on Miami Beach’s North Bay Road.Agents say the ultra-luxury segment of the market, meaning for homes $30 million and up, is booming, fueled by an influx of Californians fleeing the state’s proposed wealth tax. However, other price segments with more sensitivity to economic conditions aren’t seeing the same rush of activity.
Read more
Residential
South Florida
Trophy properties for sale: Record-breaking listings hit market as South Florida’s busy season revs up
Residential
South Florida
Zuckerberg, Palantir splash down, but will Big Tech’s Miami moves ripple out?
