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Bal Harbor's Villa Bougainvillea listed for $19.9M

January 30, 2013

Bal Harbor’s renowned “Villa Bougainvillea” has just been listed for $19,900,000. The villa, located in the exclusive Bal Harbor Estates, has long been one of the most luxurious and sought-after Miami Properties on the market. According to The Real Deal, a website about South Florida real estate:

The property, which is located at 88 Bal Bay Drive, has seven bedrooms, eight bathrooms and two half baths on a 0.25-acre lot.

 

It has more than 200 feet of water frontage and direct ocean access; it was designed by architect Cesar Molina in 2007. The original home on the site was built in 1961.

 

Alan Zelcer is listed as the owner of the property, according to Miami-Dade County Property Appraiser records.

 

He paid $2.23 million for the property back in 1998.

Built in 1962, the home significant remodeling in 2007 by Caesar Molina accounts for its significant price increase. Additional amenities include a lavish 2,700 square foot master suite, intercom system, 3-car garage, circular driveway, walk-in closets, boat dock, and more. Bal Harbor Estates is also one of the safest and most affluent communities inSouth Florida, which further adds to the property’s appeal.

The listing of the Villa Bougainvillea is one of many high-profile sales of world-class homes. Not long ago, Penthouse #2, located atop the South Tower of the Continuum South Beach, listed for $39 million, making it one of the most exclusive and expensive properties on the market. A couple of weeks before that, the Palazzo D’Oro (Italian for “PalaceofGold), a penthouse located in the Trump Group’s prestigious Mansions at Acqualina, was being listed at an eye-watering $55 million.

These sales are a testament to the desirability of Miami Real Estate and the growing health of the market. Metro 1 Properties deals in a wide-variety of real estate throughoutMiami. To see what the city has to offer, contact us at 305-571-9991.

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