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    American Eagle CEO’s Oceanfront South Florida Penthouse Hits the Market for $34 Million

    After a lengthy tenure, Jay Schottenstein has decided to relinquish ownership of his South Florida home on the Miami-area barrier island of Key Biscayne. Records show the billionaire American Eagle Outfitters chairman and CEO is asking a speck under $34 million for his sprawling penthouse at the exclusive beachfront Grand Bay Tower development, with the listing jointly held by Brigitte Nachtigall of ONE Sotheby’s International Realty and Ohad Fisherman of the Fisherman Group.

    Property records show Schottenstein and his wife Jeanie initially paid $5 million for a penthouse atop the 14-story structure in 2007 and subsequently picked up a neighboring penthouse for an undisclosed amount. They then spent the next five years combining the two units, which comprise the northeast and southeast corners of the building.

    Art-friendly walls and built-in display cabinets are prominent in the Geoffrey Bradfield-designed aerie.

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    RELATED: A Billionaire’s Revamped South Florida Penthouse Splashes Onto the Market for $39 Million

    Altogether, the four-bedroom, six-bath dwelling features a little more than 10,400 square feet of Geoffrey Bradfield-designed living space boasting sleek marble floors, high wood-paneled ceilings, gallery walls, and built-in cabinetry throughout. Floor-to-ceiling walls of glass and over 3,200 square feet of wraparound terraces also offer sweeping views of the Atlantic Ocean, Biscayne Bay, and Miami skyline.

    Other highlights include two private elevator landings and a sprawling living area spotlighted by a mosaic mural. The formal dining room connects to a gourmet kitchen outfitted with dual islands, top-tier stainless appliances, and a breakfast nook, while an opulent primary suite features a luxe bath that comes with a floating spa tub nestled alongside a glass-encased shower.

    An expansive network of wraparound terraces overlook stunning ocean, bay, and skyline views.

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    RELATED: A Hot Dog Mogul Is Serving Up This Oceanfront Florida Penthouse for $32.5 Million

    Elsewhere are dual offices and an entertainment-ready family room equipped with a seated bar, as well as an outdoor gym, a wine storage room, and separate staff quarters. Topping it all off are plenty of community amenities courtesy of a substantial $10,632 monthly HOA fee, including 24-hour security via a guarded entrance shared with the neighboring Ritz-Carlton resort, plus five parking spaces and access to a secluded beach.

    The recent World Retail Hall of Fame inductee—part of a wealthy Ohio-based family with a business empire that encompasses American Eagle Outfitters, American Signature Furniture, and DSW—owns a couple of other Miami-area residences and also maintains a large estate in his hometown of Columbus, Ohio.

    Click here for more photos of the Key Biscayne penthouse.

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    French Montana Just Snagged a $22 Million Oceanfront Home in Florida’s Under-the-Radar Golden Beach

    French Montana already owns a suburban Los Angeles mansion he paid NBA star Paul George $8.4 million for in 2020 and then floated for sale last year at $22.7 million before recently removing it from the market. Not to mention a pair of condos in New York and Las Vegas. Now the Moroccan-born rapper and songwriter has decided to plump up his property portfolio again, having doled out $22 million in an off-market deal for an oceanfront villa in South Florida’s ultra-exclusive Golden Beach community north of Miami.

    As first reported by The Real Deal, the seller is Miami-based Glamorous Life Cosmetic Surgery owner Daniel Gonzalez, who picked up the place in 2022 for $19 million and just forked over $34 million for a larger mansion nearby. He picked up the Mediterranean-style spread from retired radio show host Tom Joyner, who undertook an extensive Architectural Digest-featured remodel of the premises during his tenure in collaboration with local architect Wesley Kean and interior designer Deborah Wecselman.

    The 7,300-square-foot home is nestled along Ocean Boulevard and enveloped in tropical greenery.

    Luxhunters

    Secured by walls and gates, the stucco and terracotta-roof structure was completed in 2007 and offers five bedrooms and six baths in a little more than 7,300 square feet of three-level living space boasting elegantly appointed rooms complemented by walls of glass offering sweeping ocean views. Glassy double front doors open into a soaring foyer, which flows to formal living and dining rooms.

    Other highlights include a rear family room that opens to a covered loggia equipped with a barbecue station and an adjacent kitchen outfitted with a central island and a breakfast nook. A curving sculptural staircase heads upstairs, where a posh primary suite occupying the entire floor flaunts an expansive covered balcony with a fireplace, a luxe bath spotlighted by dual vanities and a glass-encased soaking tub and shower, a designer showroom closet, and an office.

    The property is sited between the Intracoastal Waterway and Atlantic Ocean.

    Luxhunters

    Elsewhere is a subterranean four-car garage with an accompanying fitness center. Outdoors, the Enea-landscaped grounds span over a third of an acre and host a theatrical set of steps leading down to a sundeck-encased pool with a Baja shelf, a cabana, and a grassy lawn abutting a private beach.

    Jordan Karp of Jordan Karp LLC represented the buyer, with Alexander Goldstein and Alejandro Victores of Miles Goldstein Real Estate repping the seller. More

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    An Instagram Celeb Lists His South Florida House for $4.2 Million

    After three years of ownership, Josh Ostrovsky is ready to offload his coastal oasis in South Florida’s tony Miami Shores enclave, just minutes from downtown Miami. Records show the social media influencer-turned-canned wine mogul—known to his 9.5 million Instagram fans as “The Fat Jewish”—has hoisted the midcentury-modern house up for sale at $4.25 million, or nearly double the $2.5 million he and wife Caitlin King paid for the place a little over three years ago, in summer 2021.

    Originally designed by noted architect Joseph J. DeBrita and completed in 1950, the sprawling white stucco and stone-accented structure rests amid an angled corner parcel spanning nearly half an acre. Recently renovated, the so-called Panorama House offers five bedrooms and an equal number of baths in a little more than 3,800 square feet of two-level living space boasting terrazzo floors and wood-beam ceilings.

    The living room has a stacked-stone fireplace and large windows overlooking the lush grounds.

    Lifestyle Production Group/ONE Sotheby’s International Realty

    Highlights include a living room displaying a stacked-stone fireplace and a bar, plus a dining area with glass doors opening out to a vast hexagon-shaped loggia featuring a newly installed barbecue station. Also standing out is the sleekly designed Italian kitchen outfitted with an eat-in island and top-tier appliances, as well as a primary suite that comes complete with a walk-in closet and a spa-like bath sporting a steam shower and a floating vanity with dual sinks.

    Elsewhere is a separate guest suite, along with a large window-lined flex space that’s currently being used as a screening/recreation room. In addition to the aforementioned loggia, the landscaped grounds also host a 42-foot pool with a Baja shelf. Per the listing, which is shared by George Burns and David Pullman of ONE Sotheby’s International Realty, there’s also a two-car garage and plenty of room for a tennis/pickleball court.

    A sweeping hexagon-shaped loggia out back is ideal for lounging and entertaining.

    Lifestyle Production Group/ONE Sotheby’s International Realty

    According to the New York Post, the couple is selling because Ostrovsky doesn’t want to be a homeowner anymore. “It’s a lot of work, with landscaping and all, and he’s coming from New York and not used to it,” Burns told the media outlet. “Maybe he’ll find another deal. But he’s a very transient person and he could land anywhere after this.” 

    Born in New York City and previously dubbed by Time magazine as one of “The 30 Most Influential People on the Internet,” Ostrovsky is probably best known for his risqué memes and viral videos. But he also co-founded a canned wine brand that was acquired in 2019 by beverage giant Anheuser-Busch in what was the company’s largest wine investment ever made at the time.

    Click here for more photos of Joshua Ostrovsky’s Florida home.

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    Vladimir Tarasenko Snags Miami Condo, Chris Paul Lists in L.A., and More Sports Celebrity Deals

    Published on June 28, 2024

    The Boundary; Eliot J. Schechter/NHLI via Getty Images

    It’s not opening for at least another three years, but JDS Development’s mixed-use residential tower in Miami’s trendy Brickell neighborhood has already snagged a cool new resident. According to the real estate and media firm SERHANT, 32-year-old Florida Panthers hockey star Vladimir Tarasenko has officially skated into Mercedes-Benz Places, adding to a property portfolio that also includes a brand-new $5 million waterfront spread in Fort Lauderdale.
    The recently crowned Stanley Cup champ has purchased one of the 67-story property’s single-bedroom condos, which are filtered across all levels of the building and start at a puck slide under $1.2 million.
    Per marketing materials, open-concept floor plans for those particular units range from 725 square feet to 883 square feet and feature luxe Woods Bagot-designed living space adorned with floor-to-ceiling windows and terraces framing picturesque Biscayne Bay and Atlantic Ocean vistas.
    Additional highlights include private elevator lobbies and spacious great rooms holding combined living and dining areas, which are nestled alongside bespoke kitchens outfitted with black stone countertops and high-end Miele appliances. Grand primary suites also come complete with spa-inspired baths boasting marble vanities and rain showers.
    RELATED: The First Mercedes-Benz-Branded Tower in the U.S. Is Coming to Miami

    Image Credit: The Boundary

    Tarasenko will be privy to plenty of building amenities, including 24-hour concierge and valet service, a rooftop pool, a screening room, workspaces, a library, resident lounges, an al fresco kitchen and dining area, two signature restaurants, a cocktail bar, and even a custom Mercedes-Benz race car simulator.
    Construction on the vehicle manufacturer’s first branded tower in the U.S. is currently under way, with an estimated delivery timeframe of 2027. Sales and marketing duties are being exclusively handled by real estate broker and Owning Manhattan star Ryan Serhant.

    Caroline Wozniacki, David Lee Get $37 Million for Their Fisher Island Penthouse

    Image Credit: Become Legendary; Clive Brunskill/Getty Images

    It’s been barely three years since Caroline Wozniacki and David Lee picked up a Florida penthouse on ultra-exclusive Fisher Island, off the coast of Miami Beach. Now the Danish tennis pro and her former NBA All-Star husband have sold the lofty residence for $37 million—substantially less than the initial $42.5 million ask in January, but still a whopping $18.3 million more than they paid in 2021.
    Dina Goldentayer of Douglas Elliman served as the listing agent and Don Pingaro of Official repped the buyer, which is a Delaware-registered LLC linked to Sandcastle Isle, according to the South Florida Business Journal.
    Occupying the top floor of the Mediterranean-inspired Palazzo Del Sol—a 10-story waterfront luxury condo tower designed by local architect Kobi Karp and completed in 2016—the five-bedroom, six-bath duplex offers 7,000 square feet of revamped living space laced with white oak herringbone floors. Vast walls of glass and 5,000 feet of terrace space also provide sweeping bay and ocean views.

    Image Credit: Become Legendary

    In addition to an open-concept great room holding a salon, a bar, a TV room, and a formal dining area, there’s also a sleek kitchen sporting an eat-in marble island and top-tier Gaggenau appliances, as well as a wine wall and a screening room flaunting a Bang & Olufsen sound system. The amenities continue outdoors with a hot tub and a summer kitchen, plus a rooftop terrace hosting a barbecue station and a private pool.
    Wozniacki and Lee sold another condo on a lower level of the same building in 2021 for $16.3 million.

    Former Seattle Seahawks Owner’s Bay Area Estate Is Headed to Auction

    Image Credit: Concierge Auctions; Jeff Haynes/AFP via Getty Images

    Back in the mid-1980s, developer and onetime Seattle Seahawks owner Ken Behring commissioned architect Doug Dahlin to create a Frank Lloyd Wright-inspired home for him and his wife Pat in the Oakland suburb of Danville, within the elite gated Blackhawk Country Club community.
    After first hitting the market last summer for just under $25 million, the place long belonging to the now-deceased couple is now going under the gavel with Concierge Auctions. No-reserve bids are expected to start at between $7 million and $11 million.
    Completed in 1988 and known as the Behring Estate, the gated hilltop spread has a total of seven bedrooms and 14 baths spread across nearly 27,000 square feet of Steve Chase-designed living space enhanced with Brazilian teak ceilings, quartz and flagstone finishes, and walls of glass framing mountain vistas.

    Image Credit: Concierge Auctions

    Posh creature comforts encompass a plush movie theater and a temperature-controlled wine room and tasting area featured in Wine Spectator magazine. Not to mention a 7,000-square-foot ballroom with a nightclub-style bar, an auto showroom, and crystal chandeliers dangling from a mirrored black ceiling.
    Other standout features include a waterfall-clad entry foyer, a formal living area, a spacious dining room, and a gourmet kitchen and secondary prep kitchen. A sumptuous primary suite is also decked out with a retractable ceiling for stargazing, a fireplace, another full kitchen, a sauna, a steam room, and a “secret” door with access to Kimio Kimura-landscaped grounds containing a pool and spa, a dining pavilion, a tennis court, and koi ponds.
    Private previews of the property are available upon request, with the live auction set to take place on July 18.

    NBA Star Chris Paul’s L.A. Home Bounces on the Market for $16.5 Million

    Image Credit: Dia Dipasupil/Getty Images

    After almost four years of ownership, Chris Paul (affectionately known as “CP3”) is moving on from his Los Angeles estate. The nearly 1.4-acre spread, tucked away in the heart of Encino, is back on the market for a smidge under $16.5 million.
    The 12-time NBA All-Star—who played for the Golden State Warriors in the 2023–24 season and could soon be a free agent—acquired the modern farmhouse-style home for roughly $11 million back in spring 2020, shortly after it was newly built.
    Resting amid a gated cul-de-sac parcel, the white wood-sided and stone-accented structure has eight bedrooms and 12 baths in 12,830 square feet of two-level living space equipped with dual offices, a glass-encased wine display, and a movie theater.
    There’s also a two-story guesthouse and an open-air cabana with its own bath, along with a gym, a sports court, a saltwater pool, a four-car garage, a generator, and a guard house. More

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    Jeff Bezos Just Dropped $90 Million on a Third Indian Creek Island Property

    Jeff Bezos’s South Florida spending spree continues.

    The Amazon founder has splashed out a whopping $90 million in an off-market deal for a third waterfront estate on the coveted Indian Creek Island, Bloomberg reported on Tuesday. According to the outlet, Bezos, who recently landed in third place on Forbes’s ranking of the world’s richest people, will live at the six-bedroom mansion while work is done on the two other properties he previously purchased.

    Tax records reveal that the Blue Origin founder’s new digs were last sold in 1998 for just $2.5 million, which goes to show how much home prices on the guard-gated Billionaire Bunker have skyrocketed. The Real Deal reported that the roughly two-acre spread was originally built in 1956 and later expanded upon in 1986 and once again in 2014. Altogether, the palatial pad features a swimming pool, a boat dock on Biscayne Bay, and 10,000 square feet of living space. 

    An aerial view of Jeff Bezos’s new home on Indian Creek Island, his third purchase on the guard-gated enclave.

    Google Earth

    Last November, the former CEO of Amazon announced in the most modern of ways—on his Instagram—that he was officially relocating from Seattle to Miami, noting that he wanted to be closer to his parents and his fiancée, Lauren Sanchez. “I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here,” he captioned the post. “As exciting as the move is, it’s an emotional decision for me. Seattle, you will always have a piece of my heart.”

    Several months earlier, in August 2023, Bezos dropped $68 million in a clandestine, off-market transaction for a three-bedroom, three-bath home on the man-made barrier island. At the time, he was reportedly eyeing the house next door too, and it was only a few months before he worked out another under-the-radar deal to acquire it for $79 million. The existing home, with seven bedrooms, spans more than 19,000 square feet.

    The estate includes a swimming pool, a pool house, a putting green, and a small dock.

    Google Earth

    Bezos now owns three of the roughly 40 homes on the 300-acre island, at a cost of nearly a quarter billion dollars—$237 million, to be exact.

    Other notable figures that reside on Indian Creek include Tom Brady, Jared Kushner and Ivanka Trump, and investor Carl Icahn. The community, which is connected to the mainland via a short bridge, sports a private 18-hole golf course, and residents have access to the country club. 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to…

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    A Private Island Off the Florida Keys Returns to Market for $75 Million

    Tired of renting vacation homes with obnoxious and nosy neighbors? Prefer your tropical getaways to be hideaways that are far from the maddening crowd? Why settle for a rental at all when you could have your own private island sanctuary instead? 

    Pumpkin Key, a lush 26-acre isle off the Florida Keys, is looking for its next owner—and at a reduced rate. The picturesque spread has reemerged on the market for $75 million, a $20 million price chop from back in 2020 when it was listed for $95 million. Located in Key Largo’s serene Card Sound Bay, the tropical compound includes automatic membership to the Ocean Reef Club, an exclusive private club community that’s less than five minutes by boat. The island is also a quick 10 minutes from South Beach via helicopter. 

    Pumpkin Key, a 26-acre private island off the coast of Florida, includes a pristine private beach.

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    Whether as a private retreat, legacy investment, or a sanctuary for generations, this property stands as a beacon of distinction and exclusivity,” notes the listing, which is held by Compass agent Liz Hogan. According to Mansion Global, Pumpkin Key was originally purchased in 1970 by a family of industrialists hailing from Chicago. At the time, the island was undeveloped and uninhabitable. Today, nearly 75 years later, the island is a serene retreat that is totally self-sufficient when it comes to water and electricity. 

    So, what does $75 million get you? Aside from the massive amounts of privacy and tropical tranquility, the buyer of Pumpkin Key will get a three-bedroom residence, a pool house, three guest apartments, and a pristine stretch of beach. There are two side-by-side tennis courts (one also has pickleball court lines) that double as a helipad. There’s also a large swimming pool and a 20-slip marina that offers plenty of room to park your megayacht along with a whole bunch of your friends’ boats. Paved golf cart paths link the island’s various locales.

    For those who prefer their vacation retreat to not be so isolated, the island has 12 one-acre vacant lots for development. The homesites could be sold off to friends (or strangers) or built out and added to the existing structures to create a super-sized island compound. 

    The property also has two side-by-side tennis courts that can serve as a helipad.

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    The buyer of Pumpkin Key will also take possession of a waterfront home on Key Largo, within the 2,500-acre, guard-gated Ocean Reef Club. The resort community, which is accessible by car, comprises 1,700 mostly waterfront homes, and residents have access to all of the club’s many swanky luxuries. Think pristine championship golf courses, a 175-slip world-class marina, a slew of fine dining restaurants, and a state-of-the-art spa and fitness center. Ocean Reef even sports its own private airstrip if you plan on flying in on your PJ.

    Click here to see all the photos of Pumpkin Key. 

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    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    Pumpkin Key in Photos

    Modified on February 22, 2024 ,

    Published on February 19, 2024

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    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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    Second Homes Will Continue to Draw Luxury Buyers Around the World in 2024

    When the pandemic drove up housing prices and mortgage rates, many wealthy Americans jumped on the opportunity to acquire investment properties in less pricey foreign countries and, in some cases, to pack up and move overseas. While we’re only a few weeks into the new year, it appears that the uptick in affluent U.S. citizens heading abroad is continuing full steam ahead.

    According to the 2024 Trend Report, published by the Coldwell Banker Global Luxury program, nearly 40 percent of the survey participants intend on purchasing a home in a foreign country within the next year, and two-thirds said they plan on buying property abroad within the next five years.

    “If lower mortgage rate trends combined with the new inventory momentum continue, luxury homebuyers could be inspired to move forward with their next home purchase,” Michael Altneu, vice president of Coldwell Banker Global Luxury, said in the report. Altneu added that shoppers are prioritizing “new amenities” and are open to exploring “overseas options for their next property.”

    The report also found that location ranks as the top consideration among 45 percent of discerning consumers. About 29 percent of high-net-worth consumers are looking to move to Europe, while 28 percent are eyeing destinations in North America outside of the U.S., and 23 percent are considering the Caribbean.

    High-net-worth home buyers are looking to relocate to Europe and the Caribbean, according to a new report.

    Pexels

    On the flip side, the U.S. will continue to be a place of interest for deep-pocketed international buyers in 2024. Per the Coldwell Banker Trend Report, there was a 25 percent increase in the number of well-heeled foreign buyers purchasing real estate in the top 5 percent of the market in 2023. More specifically, those shoppers are looking to purchase property in bustling metros such as New York, Los Angeles, San Francisco, Miami, and Washington, D.C.

    “We are seeing money from China, Singapore, Hong Kong, and the Middle East being ‘parked’ in real estate in California as a holding place for wealth,” said Paul Lester of The Agency Beverly Hills in the firm’s annual Red Paper Wealth Report.

    “Instability in various South American countries continues to make Miami real estate very attractive,” noted Daniel Tzinker of The Agency Miami. “In the past three years, we’ve seen 100+ businesses like Citadel, Amazon, and Tesla move to Miami, taking advantage of the favorable tax environment…world-class restaurants, private clubs, and art galleries have followed.” 

    Authors

    Abby Montanez

    Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, dining, travel and topics…

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