This transaction, which involved a 10,000-square-foot property with six bedrooms and seven bathrooms, highlights the continued strength of the Miami real estate market. The sale, which closed on August 25, 2023, involved a buyer and seller who were both represented by high-profile real estate agents. The buyer, a prominent investor, was looking for a luxurious retreat in a prime location. The seller, a successful entrepreneur, was seeking to downsize and relocate to a more manageable property.

The property also features a 2,000-square-foot rooftop terrace with panoramic views. The property is located in the heart of the city’s historic Third Ward, a vibrant and bustling neighborhood known for its art galleries, boutiques, and restaurants. The Third Ward is also home to the Milwaukee Public Market, a popular destination for local food and crafts. The property is being sold for $1.5 million. The buyer, who is not publicly identified, is expected to renovate the building and bring it back to its former glory. The property’s history is rich with stories of its past occupants.