Attorney Roy Black and his wife Real Housewives of Miami-star Lea Black, have listed their Star Island home for $37.5 Million. Saddy Abaunza Delgado with ONE Sotheby’s International Realty has listed the property alongside Elena & Stefano Iturriaga of London Real Estate Company. Located at 45 Star Island, the property is nestled along Biscayne Bay and provides 180-feet of waterfront access, a rarity on the island. The existing home offers 7 bedrooms, 8 full baths, 1 half plus a two-bathroom guest house. Additional features include a 60-foot dock to park your boat, new pool, a movie theater that sits 10, a Viking gas stove, a sub-zero refrigerator, a children's pirate tree house, and a sauna.
The gated Star Island has long been one of the most desirable neighborhoods in Miami, just across the MacArthur Causeway from the entrance to Fisher Island and Miami Beach’s South of Fifth neighborhood. Star Island is a man-made island in the middle of Biscayne Bay and located in the city of Miami Beach. The island was built by the Army Corps of Engineers in 1922 as part of a dredging project and was developed by Carl Fisher into an island for the rich and famous. The island is now home to celebrities and billionaires such as Gloria and Emilio Estefan, Rick Ross, Philip Frost, Sean ‘Diddy’ Combs, Alex Rodriguez, Stuart Miller and Vladislav Doronin.
In March 2023 PROFILEmiami reported that Star Island had emerged as the leader among the most expensive neighborhoods in the United States, leading Port Royal in Naples, FL and Beverly Hill’s Beverly Hills Gateway and Trousdale Estates, according to sales data from Zillow Group Inc. The average home sale on the ritzy island in 2022 traded for $40.2 million, up $16.7 million and 71% from 2019 when the average home sale on the island was $23.5 million.
Over the past several years hedge fund heavyweight Ken Griffin, founder Citadel, has purchased an assemblage of five properties on the island for a combined $170 million. In 2018 Lennar Executive Chairman Stuart Miller acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million and also developed an ultra-luxury spec home at 22 Star Island with Todd Michael Glaser which was designed by DOMO Design and sold for $49.5 million in an off-market deal overseen by David Solomon and David Miller in 2020. In August 2023 music mogul and rap superstar Rick Ross closed on 37 Star Island Drive for $35 million.
Credit: LuxHunters for ONE Sotheby’s International Realty