Miami Architectural Gem Sold At Bargain Basement Price

1215 N Venetian Way, Miami, Florida Sold at $588 Per Square Foot

A gorgeous Miami home just sold on San Marco Island at an amazing price, if you were the buyer that is. Located at 1215 North Venetian Way in Miami, this 7 bedroom, 6.5 bathroom home boasts a very spacious 7,653 square feet of living space, and is situated on a 13,382 square feet lot, with 105 linear feet of unobstructed bay front.

The home sold this week for $4,500,000, which is approximately $588 per square foot of living area. For those of you who are not familiar with prices of
waterfront homes in Miami and Miami Beach, that is an amazing price in an area where homes are often selling from $700 to $1,000 or more per square foot. It demonstrates how much prices are falling in the Miami area. The home, which was built in 2003, was listed for $5,700,000 and had been on the market since 2005.

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