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For $32M Gloria Estafan Brings Miami Compound Back To Market

by Richard Surek / Monday, 25 March 2019 / Published in US Lending News

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Pool and backyard

LIFESTYLE PRODUCTION GROUP

The man made Star Island in Miami’s Biscayne Bay is appropriately named given all the celebrities that have been known to live there. Gloria and Emilio Estefan,&nbsp;of Miami Sound Machine fame, are just two of them (other big names include Rosie O’Donnell, Sean &quot;Diddy&quot; Combs and Shaquille O’Neal). The Estefan clan has decided to list an 8,000 square foot home adjacent to their primary house that had previously been the residence for Emilio’s mother. After first bringing&nbsp;the 5-bed, 4.5 bathroom to market in 2017 for $40 million, they have returned it to the multiple listing service for $32 million. The 1.2 acre property has 240 feet of water frontage and includes a 3-bed, 3-bath guest house.&nbsp;In case someone loves the location but doesn’t like the look of the house, the&nbsp;Estefans&nbsp;brought on Uruguayan architect Carlos Ott to design plans for a completely new contemporary style house.

Award recipients Gloria Estefan, left, and husband Emilio Estefan, right, pose with singer Cyndi Lauper during the Library of Congress Gershwin Prize tribute concert held at DAR Constitution Hall on Wednesday, March 13, 2019, in Washington. (Photo by Brent N. Clarke/Invision/AP)

Brent N. Clarke/Invision/AP

There are only about three dozen homes total on the island and only one other home publicly listed for sale. An 18,000 square foot house asking $39.95 million. There is also an empty lot for sale for $16.9 million.

Here’s a view of the island that was developed by the Army Corps of Engineers in 1922. It is a short drive across the causeway to the mainland which is why it is still considered part of Miami Beach.

Star Island

LIFESTYLE PRODUCTION GROUP

The entire home has a white-themed decor to go with the sunshine and blue water surround the property. It also comes with a private boat dock with electric boat lift, Here’s a look at the kitchen of the main house. There is also a summer kitchen&nbsp;in the gazebo, near to the heated pool and jacuzzi.

Kitchen

LIFESTYLE PRODUCTION GROUP

The dining room shows another of the arch top doors that are common to Mediterranean-style design themes.

Dining Room

LIFESTYLE PRODUCTION GROUP

One of the bedrooms, with its private porch, and more of the curved top in the doors to the closet.

Bedroom

LIFESTYLE PRODUCTION GROUP

The backyard shows off the tall palm trees and expanse of land that the property sits on.

Backyard

LIFESTYLE PRODUCTION GROUP

Here’s a first look at the concept by architect Carlos Ott for a more contemporary look to the house that could fit on the 1.2 acres.

Carlos Ott-designed contemporary villa for the property.

Estefan Ott

An overhead view of the new concept shows overlapping crescent moons in honor of Estefan’s recording studio,&nbsp;Crescent Moon Studios.&nbsp;

Overhead

Estefan Ott

The property is co-listed with&nbsp;Stephanie Bienstock of HB Roswell Realty and Liz Lopez of RelatedISG International Realty. Here is a listing page for more information.&nbsp;

Follow me on Twitter @amydobsonRE

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Pool and backyard

LIFESTYLE PRODUCTION GROUP

The man made Star Island in Miami’s Biscayne Bay is appropriately named given all the celebrities that have been known to live there. Gloria and Emilio Estefan, of Miami Sound Machine fame, are just two of them (other big names include Rosie O’Donnell, Sean “Diddy” Combs and Shaquille O’Neal). The Estefan clan has decided to list an 8,000 square foot home adjacent to their primary house that had previously been the residence for Emilio’s mother. After first bringing the 5-bed, 4.5 bathroom to market in 2017 for $40 million, they have returned it to the multiple listing service for $32 million. The 1.2 acre property has 240 feet of water frontage and includes a 3-bed, 3-bath guest house. In case someone loves the location but doesn’t like the look of the house, the Estefans brought on Uruguayan architect Carlos Ott to design plans for a completely new contemporary style house.

Award recipients Gloria Estefan, left, and husband Emilio Estefan, right, pose with singer Cyndi Lauper during the Library of Congress Gershwin Prize tribute concert held at DAR Constitution Hall on Wednesday, March 13, 2019, in Washington. (Photo by Brent N. Clarke/Invision/AP)

Brent N. Clarke/Invision/AP

There are only about three dozen homes total on the island and only one other home publicly listed for sale. An 18,000 square foot house asking $39.95 million. There is also an empty lot for sale for $16.9 million.

Here’s a view of the island that was developed by the Army Corps of Engineers in 1922. It is a short drive across the causeway to the mainland which is why it is still considered part of Miami Beach.

Star Island

LIFESTYLE PRODUCTION GROUP

The entire home has a white-themed decor to go with the sunshine and blue water surround the property. It also comes with a private boat dock with electric boat lift, Here’s a look at the kitchen of the main house. There is also a summer kitchen in the gazebo, near to the heated pool and jacuzzi.

Kitchen

LIFESTYLE PRODUCTION GROUP

The dining room shows another of the arch top doors that are common to Mediterranean-style design themes.

Dining Room

LIFESTYLE PRODUCTION GROUP

One of the bedrooms, with its private porch, and more of the curved top in the doors to the closet.

Bedroom

LIFESTYLE PRODUCTION GROUP

The backyard shows off the tall palm trees and expanse of land that the property sits on.

Backyard

LIFESTYLE PRODUCTION GROUP

Here’s a first look at the concept by architect Carlos Ott for a more contemporary look to the house that could fit on the 1.2 acres.

Carlos Ott-designed contemporary villa for the property.

Estefan Ott

An overhead view of the new concept shows overlapping crescent moons in honor of Estefan’s recording studio, Crescent Moon Studios. 

Overhead

Estefan Ott

The property is co-listed with Stephanie Bienstock of HB Roswell Realty and Liz Lopez of RelatedISG International Realty. Here is a listing page for more information. 

Follow me on Twitter @amydobsonRE

Tagged under: home-purchase, madison, Real Estate, us-lending

About Richard Surek

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