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September 26, 2016 / Johanna Bassols / 0 Comments / Investment Opportunities

Golden Beach Waterfront Estate Hits the Market

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.

For more information about available properties in, and around, Miami, contact Oceanica Real Estate at (786) 270-1743 or info@oceanicarealestate.com.

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