Despite South Florida real estate’s summer slowdown, a waterfront home in Key Biscayne sold for $18.9 million.
Records show Simon and Claire Mueller sold the house at 510 South Mashta Drive to Ana Paula Creel Sanchez Navarro.
Brigitte De Langeron with DLS International Realty had the listing, and Dolores Urdapilleta with Urdapilleta Real Estate brought the buyer.
The Muellers are longtime owners of the Key Biscayne home. Records show they bought the 0.4-acre waterfront property for $10.4 million in 2010. The 5,200-square-foot home was built in 1981 and has five bedrooms, six bathrooms, one half-bathroom, a pool and a dock, according to the listing.
The couple listed it on and off over the years. It hit the market in 2018 asking $10.8 million before the pandemic market boom, and was relisted asking $19 million in April, according to Zillow.
Key Biscayne has proven to be a magnet for South Florida’s luxury buyers in recent years. In April, Jenny Katherine Lindley Suarez, a scion of Peru’s Lindley family, the makers of Inca Kola, dropped $13.8 million on a waterfront home on South Mashta Drive.
In August, Florida Surface Pro founder Douglas Secrest and his wife, Carmen D’Ambrosio, sold their waterfront house for $15.7 million. That same month, a construction mogul’s widow sold her waterfront home for $19.5 million.
The Stearns family, of the law firm Stearns Weaver Miller, seemed to have found a buyer for their waterfront Key Biscayne mansion in October. It went into contract with an asking price of $26.5 million, but returned to the market in March, and is now asking $24.5 million.
The island enclave also has caught the eye of developers. In April, Terra’s David Martin partnered with Edgardo Defortuna to buy a 3.9-acre development site for a record $205 million. The partners are planning a 56-unit ultra-luxury condo building.
