Prized Location In Need of Updates – $24,950,000

This 6 Bedroom, 8.5 Bathroom home has been ‘impeccably maintained & updated to reflect 21st century living’: a 60KW generator, Impact Windows & Sliding Doors.  A Walled & Gated location with over 27,000s Sq. Ft. on Key Biscayne’s most prestigious private street.   Expansive entertainment spaces, a unique Circular Gourmet Kitchen with Bay Views, 114′ Dock with 10’+ water, Indoor Racquet Ball Court, Billiard Room, Gym, Sauna & Pool.  With wide water bay views that both astound & delight enjoy one of South Florida’s most prized water locations.

‘impeccably maintained & updated to reflect 21st century living’ …. I have a feeling this statement isn’t entirely true!  I mean the house isn’t cosmetically updated at all!

Price: $24,950,000
Size: 11,556 Sq. Ft.
Bedrooms: 6
Bathrooms: 8 Full, 1 Half
Speciality Items: Built in 1981, 4 Car Garage, Bay Views, 114′ Dock, Billiard Room, Indoor Racquetball Court, Sauna, Gym Pool, 60KW Generator, Impact Windows/Doors, Gated, Prized Location.
Address: 28 Harbor Point Drive, Key Biscayne, Florida, United States 33149

MCal’s Thoughts: I was less than impressed overall with this Estate.  Given the asking price I would expect an INCREDIBLE home to go with those incredible views, however it appears you’re only paying for those views/waterfront.  I don’t know the area, so it must be a very prestigious hard to buy into area.  I myself would never pay $25M for an outdated home in a superb location – some people might!  Time will tell, but I think we’ll be seeing a price drop in the coming months.


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