About Miami Beach's Star Island

Where do celebrities in Miami live? Without a doubt it has to be the Star Island. Star Island is a private exclusive island located on the Biscayne Bay, between Miami Beach and Downtown Miami. Star island is popular among celebrities and elite people from around the world. A few of those star celebrities who live in the Star Island are Gloria Estefan, Rosie O'Donnell, Shaquille O'Neal, Daniel 'Tommy' Mottola, and business leaders such as Phillip Frost. Star island is the most exclusive among the tri-island homeowner association comprised of Star, Palm, and Hibiscus Islands. Most notably, in the midst of the most severe housing downturn in a generation, high end estate homes such as the one highlighted below sold in just four months. Also of note is that the discount from the original asking price is relatively small.

Star Island Old World Charm



Located on an oversized 48,300 SF lot with over 220 linear ft. of watefront, this classic southern-style home features Old World charm. Featuring Southern and Eastern exposure towards Miami Beach, Fisher Island, and the cruise ships. Located only only five minutes from the excitment of South Beach. This single family estate offers exclusivity, privacy and is located on a 24 hour guard gated island community. Owners dock their yachts and live among the stars (the next door neighbor is Rosie O'Donell)!

: Oversized Waterfront Proeperty with 220 ft. on Water, Spectacular location on Star Island, Gated Island Community

: Orientation towards busy causeway and potential for traffic noise.

Sold Price: $8,100,000 (2008)
Original Asking Price : $9,750,000 (2008)
Bedrooms: 6
Bathrooms: 6
House S.F.: 4,720
Land S.F.: 48,300
Sold Date: September, 2008
Sold Price per S.F.: $1,716/S.F.
Discount from Original Asking Price: 17% (132 days on market)