PROFILEmiami South Florida Real Estate and Lifestyle

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Thomas Kramer Loses 5 Star Island in Court Ordered Auction for $40 Million

Verena von Mitschke-Collande and Claudia Miller-Otto have won 4 and 5 Star Island from Thomas Kramer via court-ordered auction. Kramer played an integral role in the redevelopment of South Beach including Portofino Tower before he lost a $90 million settlement in Swiss Courts in 2003 in a legal battle that has continued to play out for decades. 5 Star Island is an elaborate party mansion that spans 13 bedrooms, 12 full bathrooms over the entire 2 acre property. The main house is a 3 bedroom 4 bathroom party manse with stripper poles on the dining room table, 10,000 bottle wine cellar, exotic and eccentric design throughout, gym, 8 car garage, separate private office space, views of the Miami Skyline, party ready pool, 200' of waterfront docking for a yacht, and is rumored to have even have a missile silo built in. In recent years 5 Star Island has been used for a number of business ventures including events and for rent offered by Douglas Elliman. 

Photos via Douglas Elliman