In the most costly house on the market in Bal Harbor, Forida

The most expensive single family home for sale in Miami Beach’s exclusive Bal Harbor Village is called Villa Magnolia and is priced at $ 35 million.

The view from above Bal Harbor’s most expensive residential property.

Lifestyle Production Group / The Jills Zeder Group

The two-story residence at 182 Bal Bay Drive includes eight bedrooms, 11 bathrooms and more than 12,800 square feet of living space, according to listing agent Jill Hertzberg of The Jills Zeder Group.

Hertzberg told CNBC that there are several reasons the property should fetch the highest price in the area. “The main reason is location, location, location.”

Villa Magnolias villa gate and brick driveway.

Lifestyle Production Group / The Jills Zeder Group

The property was built on the northern tip of Miami Beach in a residential complex between the Atlantic Ocean and Biscayne Bay. The exclusive neighborhood includes its own police force and a marina.

Villa Magnolia living room.

Photo: Luis Travieso

With the asking price of Villa Magnolia, the price per square foot is north of $ 2,900. For comparison, in the fourth quarter of 2020, the average single-family home in the Miami Beach-Barrier Island area sold for about $ 3.79 million, with the average price per square foot being $ 1,047, according to luxury real estate data from the Elliman Report. This puts Villa Magnolia at the top of the market with a price per square foot that is 277% above average.

The vaulted ceilings of Villa Magnolia and the column-filled halls.

Photo: Luis Travieso

Hertzberg described the Villa Magnolia as “a modern house in the neoclassical style”. It features classic elements such as columns, coffered ceilings and handcrafted stone.

Villa Magnolia’s water front extends over 221 feet.

Lifestyle Production Group / The Jills Zeder Group

One of the house’s biggest selling points, according to Hertzberg, is the 221-foot-long waterfront in the backyard.

You will also find a single-story waterfall there. At the push of a button, water flows from an infinity pool on a terrace on the second floor into the main pool overlooking Miami’s Biscayne Bay.

182 Bal Bay, Bal Harbor, FL

Image source: Luis Travieso

The boardwalk includes 100 feet of piers clad in white stone.

Inside, the house is just as impressive. Here’s a look:

Dining room with Fendi furniture.

Photo: Luis Travieso

The house is being sold fully furnished and much of the furniture has been designed by Fendi. The Italian dining table shown here offers space for 16 people.

At the head of the table hangs a picture of Marilyn Monroe, which can be set in motion by remote control to reveal a flat-screen TV.

Owner’s suite

Photo: Luis Travieso

The owner’s suite has a king-size bed with a headboard and moldings covered with white crocodile skin.

Next to the owner’s suite there is a terrace and an infinity pool.

Photo: Luis Travieso

Off the owner’s bedroom there is a terrace and an infinity pool.

The stunning closet has floor-to-ceiling mirrors.

Photo: Luis Travieso

The “Her’s Closet” has floor-to-ceiling mirrors and its own terrace.

The “his” bathroom has a floating onyx washbasin.

Photo: Luis Travieso

The “his bathroom” has a floating onyx washbasin, which is illuminated by the lighting embedded under the stone.

Villa Magnolia has a cinema with walls made of black alpaca fleece.

Photo: Luis Travieso

The walls of the cinema room are lined with black alpaca fleece. Surround sound speakers are built into the walls and hidden behind individually framed movie posters.

There is a 750-gallon saltwater aquarium in the kitchen of Villa Magnolia.

Photo: Luis Travieso

And while Villa Magnolia is the most expensive villa for sale in Bal Harbor, it’s not the most expensive property for sale in the village.

“A six-acre waterfront property at 200 Bal Bay Drive was recently listed for $ 65 million,” said Hertzberg.

The $ 65 million lot at 200 Bal Bay Drive does not include a home.

Lifestyle Production Group / Douglas Elliman

The view of the pool and water at 224 Bal Bay Drive.

Photo: Lifestyle Production Group

In comparison, Villa Magnolia has more square meters, a larger plot of land, the double waterfront and is offered turnkey with all designer furniture, Herzberg said.

182 Bal Bay Drive, Bal Harbor

Lifestyle Production Group / The Jills Zeder Group

Although Covid-19 prevented in-person screenings of Villa Magnolia for about a month, demand has increased dramatically due to the pandemic, leading to a record year, Hertzberg said.

“In 2020 our team, The Jills Cedar Group, had sales of over $ 1 billion,” she said.

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