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Karlton Companies Sells Allison Island Spec Home For Record $31.5 Million In Miami Beach

February 28, 2025

In a landmark transaction that has set a new benchmark for real estate on Allison Island, Karlton Companies has sold a stunning waterfront spec-mansion which was completed last year for $31.5 million, eclipsing previous records in Miami Beach. The home was listed with Jordan Karp of Jordan Karp, LLC. and Dora Puig of Luxe Living Realty represented the buyer.

6494 Allison Road features six bedrooms and eight-and-a-half bathrooms spread over 8,024 SF. The residence boasts an impressive array of amenities, including a two-car garage equipped with lifts, a spacious rooftop terrace, a state-of-the-art gym complete with sauna and steam rooms, a lavish pool, and a summer kitchen. Additionally, the property includes a boat lift and a dock, catering perfectly to waterfront living enthusiasts.

An entity associate with Karlton Companies acquired the lot for $4.8 million in 2018 which was strategically located next to the former residence of rapper Lil Wayne, who previously held the record on Allison Island after he sold his property in 2023 for $22.5 million.

Karlton Companies is led by Fred Karlton, alongside his son, Aaron Karlton, who are also developing a waterfront spec-mansion at 1649 West 22nd Street on the Sunset Islands.

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Images via Jordan Karp LLC and Karlton Companies

In Development, Development News, Luxury Homes, Luxury Real Estate, Miami Beach, News, News & Features, Residential, Spec Home Tags News & Features, News, Development News, Development, Karlton Companies, Jordan Karp, Aaron Karlton, Fred Karlton, Dora Puig, Luxe Living Realty, Jordan Karp LLC, Allison Island, Residential, Spec Home, 6494 Allison Road, Luxury Real Estate, Luxury Homes, Miami Beach, Featured
← Inside The Second Annual PROFILE Design Summit 2025 Presented by Pedini by Daruso Designs at Flexform MiamiMadar Group USA and ASR Construction Break Ground On 'The Mansions on Fisher Island' →

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