Right now, the real estate market in South Florida is very hot. In fact, many big names in tech and business continue to move to the area. Recently, the co-founder of St.Louis-based venture capital firm, Dreampact Ventures, purchased a Bay Harbor Islands home. Him and his wife paid $12 million for the waterfront mansion.
In fact, this was the highest selling price for a waterfront home in Bay Harbor Islands. Measuring 7,098 square feet, the sale equated to about $1,690 per square foot.
The last time this home was sold was in 2018. Back then, the property sold for $4 million. However, significant renovations were performed ever since, increasing the value of the home. This property was originally built in 2002.
The Bay harbor Islands home features eight bedrooms, 8.5 bathrooms, a dock, a lounge, and a pool.
Read full article here