Piano Man Billy Joel has recently sold his Miami Beach mansion for just under $14 million. This nearly 9,000 square foot home has 7 bedrooms and 8.5 baths. It was originally purchased by Joel in 2006 for $13.5 million. The home was listed on the market last May for $14.75 million. All things considered including closing costs and brokers fees Joel will have actually lost money on the home, despite the increased value in the area. The new owner is Dego Della Valle, who is the largest shareholder for Saks Fifth Avenue and owner of the brand Tod’s. According to TMZ Valle is worth a reported $1.55 billion, while Joel’s net worth is approximately $160 million. La Gorce Island has been home to a number of celebrities and some of the most exclusive property in South Florida is located in this small enclave.
Lil Wayne and Cher have both owned homes on La Gorce Island and there are no shortage of incredible estates on the island, there are however a shortage of homes on the island for sale. Its’ location at the tip of Miami Beach and 10 minutes from both Bal Harbour and South Beach, make it one of the most coveted areas in South Florida. Homes are well over the million dollar mark and waterfront homes have stunning and private views of Downtown Miami Skyline and Biscayne Bay. The Miami International Airport is only a 15 minute drive and the executive airports are alsp 15 minutes. Shopping and dining of Bal Harbour and South Beach are so close, yet the beauty of the island and the views feels very residential and private. For more information on homes in La Gorce, please contact us today. If you are looking to sell your La Gorce home, we are pleased to offer listing presentations at your convenience.