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NEW YORK, NY, UNITED STATES, November 13, 2024 /EINPresswire.com/ -- A rare opportunity to own a historic Miami estate—the only freestanding residence on the famed Ocean Drive promenade, and one of the first homes ever built in South Beach—is heading to auction via Concierge Auctions. Offering a once-in-a-lifetime chance to customize a flexible parcel zoned for both residential and mixed-use commercial ventures in Miami Beach, the three-story mansion will be offered in cooperation with Kacie Anderson and Lauren Wittman of The Coastal Realm Group by eXp Luxury. Listed for US$22.95 million, starting bids are expected between US$2.4 million and US$5 million, with bidding set to open on 4 December via Concierge Auctions’ online marketplace and culminate live on 17 December at The Dominick in New York City.
Located just steps from the legendary Versace Mansion and the world-famous sands of Miami Beach, this stunning estate masterfully blends history with modern luxury. The home spans 2,458 square feet and features three bedrooms, three bathrooms, and two fully equipped chef’s kitchens. With a spacious, open floor plan designed for both intimate family living and high-end entertaining, the residence is an ideal retreat in the heart of South Beach. A private elevator provides seamless access between all three levels, while exceptional custom finishes and refined architectural details create a sophisticated ambiance throughout.
The two gourmet kitchens are fitted with high-end Viking appliances, custom wood cabinetry, and oversized 30-foot kitchen islands, providing ample space for cooking, dining, and hosting gatherings. The master suite offers a tranquil haven, featuring a spacious walk-in closet and an opulent en-suite bathroom with a custom marble vanity, soaking tub, and a rain shower. Expansive terraces on the upper levels offer sweeping, 270-degree views of the vibrant Ocean Drive area, Collins Avenue, and the surrounding South Beach skyline, allowing residents to immerse themselves in the energy of this world-renowned neighborhood.
"Owning this property means more than just acquiring a home—it’s a chance to claim a piece of South Beach’s storied history," said Anderson. "This residence is not only an architectural masterpiece, but it also offers buyers an extraordinary opportunity to live in the heart of one of the world’s most sought-after destinations, with access to the best South Beach has to offer."
"This mansion is a true reflection of South Beach’s timeless charm and modern allure. Its historical significance, combined with its prime location and modern amenities, makes it an exceptional opportunity for any discerning buyer,” said Wittman. “Whether for personal use or as a high-profile commercial investment, this property is a once-in-a-lifetime find and we are looking forward to showcasing it to a global audience."
The property’s dual access points and flexible residential and mixed-use commercial zoning further enhance its appeal. Whether for private luxury living or a combination of commercial enterprise and personal use, the property offers unparalleled versatility. The space offers potential for a boutique retail business, restaurant, or gallery on the ground level, with private living quarters on the upper floors. Its premier location places it in close proximity to South Beach’s best dining, nightlife, and cultural experiences.
"124 11th Street is a premier example of the Miami lifestyle that has drawn visitors the world over for its unique combination of sun, sand, and celebrity," said Katie Lawless, Vice President of Business Development at Concierge Auctions. "These are the kinds of properties we specialize in at Concierge Auctions—ones that represent unique opportunities to attain world-class lifestyles with distinct character and appeal. With no other freestanding residential property available in this area of Miami Beach—and a rare combination of flexible zoning options—it’s a unique prize that we are excited to share with our network of well-qualified buyers."
Images of the property can be viewed here. All photo credits should be provided to Concierge Auctions.
124 11th Street is available for private showings by appointment only, in person or virtually.
As part of Concierge Auctions' Key for Key® giving program in partnership with Giveback Homes, the closing will result in funding towards new homes built for families in need.
Agents will be compensated according to the terms and conditions of the Listing Agreement. See Auction Terms and Conditions for full details.
For more information, including property details, diligence documents, and more, visit ConciergeAuctions.com or call +1.212.202.2940.
About Concierge Auctions
Concierge Auctions is the world’s largest luxury real estate auction marketplace, with a state-of-the-art digital marketing, property preview, and bidding platform. The firm matches sellers of one-of-a-kind homes with some of the most capable property connoisseurs on the planet. Sellers gain unmatched reach, speed, and certainty. Buyers receive curated opportunities. Agents earn their commission in 30 days. Acquired by Sotheby’s, the world’s premier destination for fine art and luxury goods, and Anywhere Real Estate, Inc (NYSE: HOUS), the largest full-service residential real estate services company in the United States, Concierge Auctions continues to operate independently, partnering with real estate agents affiliated with many of the industry's leading brokerages to host luxury auctions for clients. For Sotheby's International Realty listings and companies, Concierge Auctions provides Sotheby’s brand exclusivity as Sotheby's Concierge Auctions. Since inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest-priced homes ever sold at auction and sold properties in 46 U.S. states and 35 countries. The firm owns one of the most comprehensive and intelligent databases of high-net-worth real estate buyers and sellers in the industry, and it has committed to build more than 300 homes through its Key For Key® giving program in partnership with Giveback Homes™, which funds new homes for families in need from every property the company sells. For more information, visit ConciergeAuctions.com.
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Kari Hegarty
BerlinRosen
+1 845-548-9216
email us here
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