The Venetian Islands are very desirable to Miami home buyers, because of their beauty and central location on Miami Beach. A few days ago a fine Rivo Alto Island bayfront home sold for $2,350,000. The 2 story mediterranean home, located at 114 W. Rivo Alto Drive in Miami Beach is situated on a 10,500 square feet lot, with 60 feet of bayfront.
114 West Rivo Alto Drive Miami Beach Florida sold for $2,350,000
The home has 4 bedrooms, 3.5 bathrooms, and 3,305 square feet of living space. The sales price comes out to approximately $711 per square foot of interior living area, a decent price in this market for a home which needs renovation.
The Venetian Island home was on the market for sale at an asking price of $2,990,000, and stayed on the market for 144 days (almost 5 months) before closing, which took place on March 27.