Business

Miami Manor has more than doubled the price to $48 million

This Florida mansion is twice as big as it used to be — at least for its price.

A 80,000-square-foot Mediterranean-style space in Miami’s historic Coconut Grove neighborhood has more than doubled in price after several years on the market.

The five-bedroom, six-bathroom bayfront mansion was originally listed for $28 million in 2017 before being demolished in November and relisted for $25 million. This price point gradually lowered over the following months before hitting a low of $18.7 million in May 2019. Insiders reported. It was pulled from the market again in July 2019 before relisting this month for $48 million — more than double its original asking price.

The double list price reflects in part a renovation completed last year by owner, Ernst Swietelsky, the retired founder of wholesale floral supplies, Pots Company Importer. The work included updating the kitchen and lighting fixtures, said listing agent Elena Bluntzer of ONE Sotheby’s International Realty The Wall Street Journal.

The price increase can also be explained by the fact that “the South Florida market has gained tremendous momentum since 2019,” with sales in the $5 million and above range up 360% over the past year compared to 2019. have risen, Bluntzer said to the publication.

3080 Munroe Drive Miami
A pool of pebbles.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The mansion sits on half an acre of land.
A Sotheby’s International Realty
3080 Munroe Drive Miami
Vaulted ceilings in a covered outdoor area.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The sprawling home has its own gym.
A Sotheby’s International Realty
3080 Munroe Drive Miami
One of numerous indoor and outdoor entertainment areas.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The mansion has a 40 foot boat dock with boat lift.
A Sotheby’s International Realty
3080 Munroe Drive Miami
Each level has 12 foot wide terraces.
A Sotheby’s International Realty
3080 Munroe Drive Miami
There are six bathrooms in total.
A Sotheby’s International Realty
3080 Munroe Drive Miami
One of five bedrooms.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The owner made various updates last year before putting the house back on the market at a higher price.
A Sotheby’s International Realty
3080 Munroe Drive Miami
A columned terrace.
A Sotheby’s International Realty
3080 Munroe Drive Miami
An office area.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The chef’s kitchen.
A Sotheby’s International Realty
3080 Munroe Drive Miami
An indoor living room.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The design was inspired by the owner’s Austrian childhood.
A Sotheby’s International Realty
3080 Munroe Drive Miami
There are Jerusalem stone floors everywhere.
A Sotheby’s International Realty
3080 Munroe Drive Miami
A grand entrance with 30 foot ceilings.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The property is located in the historic district of Coconut Grove.
A Sotheby’s International Realty
3080 Munroe Drive Miami
The property features a 300-foot waterfront promenade.
A Sotheby’s International Realty

The reason the home couldn’t initially be sold wasn’t a lack of interest, she added, but because Swietelsky was hesitant to sell the three-story mansion before his children finished high school. Now his youngest is graduating, and he’s finally ready, Bluntzer said.

Swietelsky purchased the 0.2-acre lot on which the home, Villa Positano, sits for about $880,000 in 1997, or about $1.59 million today, the Journal reported. The home features over 300 feet of waterfront, new seawall, pebble pool, 40 foot boat dock with boat lift, arched carport, elevator and ceilings between 10 and 30 feet. There are Jerusalem stone and mahogany floors throughout and “four-foot-wide Caribbean-style terraces on each level,” according to the statement a website for the property.

The design of 3080 Munroe Drive is inspired by Swietelsky’s childhood growing up in his family’s rural villa in the Austrian mountains south of Salzburg.

“This experience touched my soul so much that I went in search of a comparable country in the tropics,” he said, according to the website.

https://nypost.com/2022/04/26/miami-manor-more-than-doubles-asking-price-to-48-million/ Miami Manor has more than doubled the price to $48 million

DUSTIN JONES

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button