Tour $60 million mansion in Delray Seaside, Florida

The proprietor of a beachfront mansion in Delray Seaside, Florida, is seeking to shatter an area value document with a house that delivers old-school Italian aptitude above floor and hidden character beneath.

Whereas the higher ranges are adorned with 300 stone-carved columns, vaulted ceilings and even a fresco painted in Florence, Italy, the house’s subterranean house is filled with trendy luxuries together with a brilliant automobile gallery, glowing tequila bar and a metal vault filled with piles of money.

The 2 distinct design themes are wrapped in a limestone-clad residence positioned in town’s ultra-high-end South Ocean Boulevard. The 23,000-plus square-foot dwelling is known as Mar Pietra, Italian for “sea stone.”

“A lot stone went into this home, I believed it was acceptable,” proprietor Massimo Musa advised CNBC.

Musa based and bought a number of corporations within the eye-care trade. He additionally develops actual property and constructed Mar Pietra with this now ex-wife.

The eagerness venture took 5 years to finish and employed dozens of craftsmen, painters and sculptors, a lot of them from Italy. Tons of limestone had been shipped right here from Mexico’s Yucatan Peninsula; hand-carved marble made the journey from Verona, Italy; and big panels of cedar arrived from Colombia.

In line with the itemizing, the mega dwelling sits on 100 toes of beachfront. There’s a foremost residence and visitor home and all collectively 9 bedrooms, 12 full baths and 7 half baths. The climate-controlled subterranean storage provides 4,000 extra sq. toes, with much more house added by way of lined areas resembling an opulent loggia that homes one other kitchen, bar, lounge and eating space.

The large property is 5 occasions the scale of the common Delray Seaside dwelling bought throughout the first quarter, and its eight-figure price ticket is greater than 18 occasions the realm’s nearly $3.3 million common gross sales value for a luxurious dwelling, based on the Elliman Report. The report defines luxurious properties as the highest 10% of gross sales.

The very best sale value ever achieved in Delray Seaside was $34 million for an inventory additionally positioned on South Ocean Boulevard that bought in 2021. In line with public information, the highest sale value per sq. foot was additionally recorded in 2021, at slightly below $2,600 per sq. foot. Mar Pietra’s record value would put it proper in keeping with that worth metric.

The trophy dwelling’s huge footprint and its large oceanfront garden are a uncommon sight on this strip of seaside in Palm Seaside County. In line with Musa, that’s due to the lot’s distinctive zoning historical past.

Public information present he purchased the lot, together with the lot throughout the road on the Intracoastal Waterway, for $9 million again in in 2002. On the time, the oceanfront parcel had a lodge on it, which implies the land was underneath lodge zoning rules. Musa, who immigrated to the U.S. from Italy, tore down the outdated constructing so he might construct a beachfront household dwelling that paid homage to his dwelling nation.

Even after the lodge’s demolition, Musa says, the land’s lodge zoning remained intact. That allowed him to construct a house with a bigger footprint and smaller setbacks. Plus, the residence might prolong nearer to the shoreline than present residential zoning usually permits. 

Additionally grandfathered in was a portion of beachfront lot that was cleared a long time in the past by the lodge’s house owners, one thing Musa advised CNBC present regulation would by no means permit. That clearing is now a lush evergreen garden, fabricated from synthetic grass, that rolls throughout the again of his one-acre property the place it meets the pure vegetation on the sandy shoreline.

The house’s place 21 toes above sea stage and its sheer measurement is spectacular, however like many listings at this value level, it isn’t at all times straightforward to discover a purchaser. Whereas the property has been on and off the market since December 2021, its $60 million price ticket holds regular. It’s at present supplied by South Florida itemizing agent Senada Adzem of Douglas Elliman.

“This trophy property stands as one in all South Florida’s most interesting bespoke luxurious properties, designed to evoke timeless magnificence,” Adzem advised CNBC.

In line with the Elliman Report, luxurious single-family dwelling stock within the first quarter rose greater than 12% over the earlier yr, and the common gross sales value of a luxurious single-family dwelling in Delray Seaside dropped greater than 33%.

Regardless of knowledge that implies the market could also be experiencing some headwinds, Adzem stays assured within the record value and South Florida’s high-end actual property market.

“The ultra-luxury actual property market will proceed to prosper,” she mentioned. “Rich purchasers love Palm Seaside County, valuing oceanfront areas, privateness and uniqueness above all else.”

To assist that declare, Adzem factors simply 400 meters down the road to a sale in Highland Seaside, the place simply this Might an oceanfront dwelling traded for $50 million, or greater than $2,800 per sq. foot. On this shoreline, Mar Pietra might really be thought of a relative cut price. A close-by smaller dwelling, additionally on South Ocean Boulevard, just lately listed for $74 million, or about $5,100 a sq. foot.

In line with Adzem, Mar Pietra instructions a premium partly for its high quality of building and the property’s uncommon zoning allowances, which she referred to as priceless.

“These beneficiant zoning allowances enabled our consumer to create a really distinctive property that may in any other case be not possible,” she mentioned.

It’s exhausting to think about a possible purchaser taking problem with the property for being too small, however Adzem mentioned on this a part of Florida, it isn’t out of the query. So, the actual property dealer and her consumer are prepared to supply an answer.

“What’s actually distinctive in regards to the house is the truth that my consumer is prepared to promote it with the Intracoastal Waterway lot that may create the one ocean-to-intracoastal compound in Delray Seaside, Florida.”

The 2-lot deal, Adzem mentioned, would ship sufficient land to develop one other waterfront home that might embrace a uncommon spot on the Intracoastal Waterway to dock a mega yacht. As for the value tag to purchase the complete bundle deal, Adzem mentioned she would solely talk about that quantity with potential patrons.

The house’s driveway passes by a grand archway referred to as a porte-cochere that results in a round motor court docket. Contained in the limestone construction is a two-story guesthouse spanning greater than 2,700 sq. toes with three bedrooms, three full baths and two half baths.

Past the round motor court docket is a huge stone staircase that ascends to the primary residence.

By means of the arches on the prime of the stairway is a central open-air courtyard. Musa says the design was impressed by Vizcaya Museum and Gardens in Miami.

The courtyard results in the house’s foremost entrance, the place a butterfly staircase reigns over a double-height lobby.

The house’s library spans two ranges with a spiral staircase that rises as much as the second flooring — and the room delivers rather more than books.

Musa says the cedar-wrapped room’s design was impressed by the Vanderbilt property, whereas the fresco on the ceiling takes inspiration from the Sistine Chapel. The mural, Adzem advised CNBC, was painted in Florence, Italy, shipped to Florida and affixed to the ceiling, the place the artist made the ultimate ending touches.

The decrease stage of the library consists of an onyx bar and a lounge space. On the higher stage, home windows across the dwelling workplace are crammed with views of the pool and ocean.

The first suite can be on the second flooring, with views from each window.

The suite’s two baths function up to date designs, imported marbles and walk-in closets. The white marble tub flows seamlessly right into a boutique-style, walk-in wardrobe with a cupboard island, jewellery showcase and separate shoe closet.

Deep beneath the dune that Mar Pietra is perched upon is a subterranean lair with a really completely different design story. It’s extra trendy down there and filled with up to date luxuries.

The parking space results in a lounge designed for individuals who prefer to admire their rides. A wall of curved glass separates the lounge from the storage and delivers an excellent view of the parked supercars. The metal vault on the aspect wall is an artwork piece with a functioning door and stacks of cash inside.

The decrease stage additionally features a tequila-only bar wrapped in quartzite. After darkish, lights embedded within the stone can ignite the surfaces with a milky-white glow. 

There’s additionally a state-of-the-art theater, with a floor-to-ceiling and wall-to-wall digital display, and it is among the dwelling’s two cinemas.