The most expensive single-family home for sale in the exclusive Bal Harbor Village section of Miami Beach is called Villa Magnolia, and it has an asking price of $35 million.
The two-story residence at 182 Bal Bay Drive includes eight bedrooms, 11 baths and more than 12,800 square feet of living space, according to listing agent Jill Hertzberg of The Jills Zeder Group.
One of the home’s biggest selling points, according to Hertzberg, is its 221 feet of water frontage in its backyard.
The home is being sold fully furnished and much of its furniture was designed by Fendi. The Italian-made dining table, pictured here, seats 16.
Hanging at the head of the table is an image of Marilyn Monroe that can be set in motion by remote control to reveal a flat-panel TV.
The owner’s suite has a king-size bed with headboard and trim upholstered in white crocodile skin.
And while Villa Magnolia is the most expensive mansion for sale in Bal Harbor, it is not the most expensive property for sale in the village.
“A 1.8-acre waterfront parcel at 200 Bal Bay Drive was recently listed for $65 million,” Hertzberg said.
The waterfront lot, listed by Douglas Elliman, is 80,000 square feet and does not include a home. It’s located on the same street as Villa Magnolia and is just down the road from the most expensive home ever sold in the community at 224 Bal Bay. That property fetched $24 million in 2019.
By comparison, Villa Magnolia has more square footage, a larger lot, double the water frontage, plus it’s being offered turn-key with all the designer furnishings, Herzberg said.
Although Covid-19 prevented in-person showings of Villa Magnolia for about a month, there has been a dramatic increase in demand through the pandemic and it led to a record-breaking year, Hertzberg said.
“In 2020, our team, The Jills Zeder Group, exceeded $1 billion in sales,” she said.
