Last week, a 3 bedrooms, 3.5 bathrooms, 3,500 square feet home at 324 W. San Marino Drive, on the Venetian Islands in Miami Beach, sold for $3,700,000, a pretty good price for the seller, in this present market. The house, located on San Marino Island, one of six Venetian Islands, was recently updated, and is situated on one of the best lots on the Island.
The property features beautiful views of the open wide bay, 65 linear feet of water frontage, a 15 by 40 feet pool with 9 feet depth, 2 jet-ski lifts, and 2 boat slips. Listed for sale in 2008, the property remained on the market for 177 days, before closing. It was originally listed for $4,495,000, and although, the property sold for almost $800,000 below the asking price, the seller was nonetheless able to sell the house for more than $1000 per square foot.