The newly built waterfront home of Lior Ben-Shmuel, property investor and former president of the SWI Group luxury watch company, was just listed for $10.9 million. The Golden Beach estate is located at 508 North Parkway Street and features seven bedrooms, seven-and-a-half bathrooms, a rooftop deck and an outdoor pool deck, complete with summer kitchen. While Ben-Shmuel built the home with his taste in mind, he always planned to sell, according to a recent article from The Real Deal.
The three-story home has interiors finished with imported stone and soft-colored woods to complement the many views of the Intracoastal Waterway, seen from the many floor-to-ceiling windows throughout. Additional features include an elevator and 100 feet of dockage. The furnishings are not included in the asking price, but can be negotiated. The 6.541-square-foot home breaks down to $1,666 per foot, which is below the asking price of a similarly sized home in the neighborhood. The property at 498 NOrth Parkway Street has an asking price of $18 million, or about $1,943 a square foot.
County records show that Lior’s father, Eliahu Ben-Shmuel bought the property for $1.2 million in 2003 and transferred the property to him in 2008. Lior then applied for a lot coverage variance with the town council and built the waterfront home six years later.