A waterfront home in the exclusive Island Estates in Aventura has sold for a record $11.9 million. The mediterranean home is located at 4042 Island Estates Drive in the Island Estates private gated community which features 22 estate homes.

Per public record, the seller is Eric Feder who serves as the President of Lenˣ (Lennar Corporation) while the buyer is 40 40 Island Estates LLC. Chad Carroll with Compass represented both sides of the transaction and has now sold 3 homes in the neighborhood over the span of 6 months including the previous record at 3916 Island Estates Drive.

The residence features 5 bedrooms, 6 bathrooms and 2 half baths. The unique tri-level home sits along 251 feet of wide bay views and has 2 deeded docks, one lift installed which can accommodate a 20k pound boat. Home features marble & walnut wood floors, large master suite, waterfront terrace, summer kitchen, custom seating areas, pool/spa, UV & solar protected impact glass, all bedrooms with waterfront balcony, and more.

Images via Chad Carroll Group at Compass