A Florida-based stylist sells her Miami residence after 20 years for $ 29.5 million, Mansion Global learned.
Stacy Frati, founder of women’s clothing brand Sweet Pea, last week listed her three-building complex in a gated community located in Miami’s Coconut Grove neighborhood. It boasts seven bedrooms and nine bathrooms on over 15,000 square feet of indoor living space on approximately three-quarters of an acre.
“It’s more than just a home for our family, it’s our private paradise,” Ms. Frati said in an email. “Driving through the courtyard gates still takes my breath away, even afterwards [more than] 20 years.”
Ms. Frati purchased the house in 1998 for $ 1 million, according to PropertyShark records.
The main house is approximately 7,500 square feet, with five bedrooms and five and a half bathrooms, according to listing agent Jill Balli with ONE Sotheby’s International Realty. Unlike many megamansions, this home is large but still has a welcoming feel.
“Sometimes when you walk into a large mansion … it feels like a hotel,” he said. “Yet in the main house, it still feels like a house. If someone needs to scream upstairs for dinner, it can be done and you won’t hear a big echo. “
Italian carpenters were brought to the United States to create the kitchen, which features marble counter tops and two of everything from ovens to dishwashers to warming drawers, explained Ms. Balli. The fireplace in the formal living room was also imported from Italy.
There are four en-suite bedrooms, each with a walk-in closet, Ms. Balli noted. Additionally, there’s a 5,000-square-foot cabana house with space for entertaining and a “huge guest suite,” plus a separate guest house atop a four-car garage that could also be used as an office with a conference room.
Other amenities include a home gym, game room, and 65-foot-long swimming pool, according to the listing.
The location of the house is another highlight, according to Ms. Balli. It is part of The Moorings, one of the only gated communities in the city itself. Residents have access to the waterfront and there is a private marina within walking distance or by golf cart. Coconut Grove’s shops and restaurants are also within walking distance.
This particular house is not on the water, which gives it “complete privacy,” the agent added. It is also about 17 feet above sea level, protecting it from flooding and sea flooding.
As the migration to South Florida continues, some new residents, particularly those with school-age children, are finding that homes located over the water in Miami Beach or on one of the islands surrounding the city are not as convenient for the city. daily life life.
“There is a lot of traffic and then you have to cross a bridge. There are no schools, ”said Ms. Balli. “The great thing is that you are close to the water and you are literally in the heart [of the city] and within walking distance of some of the best schools in the country. “