Thursday, January 3, 2013
We reported earlier this past March of the television star, Rosie O’Donnell listing her Star Island home for sale for $19.5 million. It was just announced today that the home has been reduced by a whopping $2 million. 43 Star Island Drive was purchased by O’Donnell in 1999 for $6.75 million, however extensive renovations were undertaken in the time O’Donnell lived there. The sale was announced in the wake of the cancellation of her television show on Oprah’s Oxygen Channel. She would still be turning a profit on the home, and $17.5 million is truly a home priced to sell on prestigious Star Island.
Star Island’s most recent sale was the Donald Pliner home which sold for $14.3 million, at 29 Star Island Drive. O’Donnell’s home is listed as worth $10.69 million in 2012 according to the Miami Dade County Property Appraiser’s Office, however with the limited inventory in luxury homes and the continued high demand for homes on this island and in Miami Beach in general we anticipate that the price reduction will result in a quick sale. The home has two guest houses, 203 feet of waterfront, 2 guest houses on the property, and 12 bedrooms and 11 bathrooms in the main home. The main home has 11,104 square feeton a 1.11 acre lot and is tastefully furnished by all standards in a Nuevo Key West aesthetic that remains a trend in interior design. For more information on this home and others, contact us today!
