A Russian billionaire has set a new record for Miami-Dade
county with the $120 million sale of his Star Island estate — but the home may
not be around for much longer.
The residence, which once belonged to retired NBA star
Shaquille O’Neal, is rumored to be a teardown purchase.
Developer Vladislav Doronin bought the home from O’Neal for
$16 million in 2009. The Real Deal and the South Florida Business Journal
reported news of the sale.
The rare slice of Miami Beach’s Star Island takes up a
coveted corner lot.
A small part of it was built in 1924, the South Florida
Business Journal reported, but a majority of the home went up in 1992.
Doronin’s company made renovations nearly 20 years later in 2011.
The sprawling abode includes eight bedrooms, nine bathrooms
and three half-bathrooms, not to mention a pool, a private dock and a tennis
court.
But despite the luxurious digs, The Post has learned that
the next owner may be planning to tear down the waterfront estate, which sits
on increasingly valuable land.
Star Island, a man-made isle in Miami Beach, is a
star-studded locale with little more than 30 properties that rarely list.
Gloria Estefan, Jennifer Lopez and Enrique Iglesias are among those who have
called the small island home over the years. Star Island became the country’s
most expensive neighborhood in 2023.
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