Overview of the Property
Previously owned by Rosie O’Donnell, a luxurious mansion located in Miami Beach has experienced a price reduction. Originally listed at $19.5 million in the previous year, the price has now been lowered to $16.5 million. This substantial $3 million decrease is noteworthy for such a high-value property.
Details of the Mansion
The property boasts a sprawl over 11,104 square feet and features a remarkable 12 bedrooms and 11.5 bathrooms. Positioned in an affluent area, the mansion offers a prime waterfront setting that enhances its appeal. Notable amenities include a swimming pool, gym, and a private dock, making it a standout property in the Miami Beach real estate market.
History and Market Trends
Rosie O’Donnell’s association with this property dates back to when she purchased it for approximately $6.75 million in 1999. The mansion’s value has significantly appreciated over the years, a testament to both its luxury and the upscale market trends in Miami Beach. This sale is particularly significant as it reflects both the changes in the market and the high standards set for luxury properties in the area.