A one-of-a-kind compound in Miami Beach’s exclusive beachfront Altos Del Mar neighborhood just sold for a record $37.5 million. The combined sale of 7709 Atlantic Way, and the vacant lot next door creates the only double lot in the exclusive gated community. 7709 Atlantic Way sold for the full asking price of $25.5 million, $3,865 PSF which is a record-breaking sale for the area. The adjacent vacant 16,000 SF lot sold for $12 million.

Ruthie and Ethan Assouline with The Assouline Team at Compass represented the seller and designers of the home, South African brothers, Ivan and Moss Kadey. Morgan Blittner with Brown Harris Stevens represented the buyer, Victor Ciardelli, the CEO of Guaranteed Rate.

The 6-bedroom, 5.5 bath residence spans 6,758 SF of interior space with features including a top-level master suite offering breathtaking views via Eastern and Southern exposure, and a TV that floats down from the ceiling. Finishes include custom Porro closets, Boffi bathrooms, Valli Valli door fixtures, Savant smart home system, elevator with custom mesh walls, dedicated office, guest room, laundry room, rooftop deck with 360-degree views and an embedded steel jacuzzi.

Other lavish features of the home include include a fully equipped first level retreat with home theater, spa & steam room, cold plunge, sauna, & Technofit gym.

Outdoors features an expansive entertaining deck with a summer kitchen, cabana, oceanfront garden and pool with a 60’ swim lane.

7709 Atlantic Way was designed as a collaboration between two South African brothers, architect and acoustic designer Ivan Kadey and businessman Moss Kadey. Construction was overseen by Haute & Boss.

As the only direct beachfront single-family home community in all of Miami Beach, the gated and ultra-private Altos Del Mar is comprised of just 24 homes with 24-hour private security and park connectivity to luxury enclaves including the Four Seasons Surf Club, the St. Regis and Bal Harbour Shops.

Images via LPG for The Assouline Team

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