Kevin Flaherty Sells Single Family Property In Miami Beach For $23.9M

A waterfront single-family home located at 1417 North Venetian Way in Miami Beach has been sold for $23.9 million. Spanning 8,242 square feet, the property sits on 0.31 acres and was previously owned by Kevin Flaherty. The transaction was facilitated by broker Julian Johnston from The Corcoran Group, representing both the buyer, 1417 San Marco Trust, and the seller.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $23,900,000
• Address: 1417 North Venetian Way
• Market: Miami Beach
• Square Footage: 8,242
• Price per Square Foot: $2,900

British investor Kevin Flaherty sold the property through his Savile Bay Properties affiliate. The buyer, 1417 San Marco Trust, was represented by local attorney Alexandros Haralambides. Julian Johnston of The Corcoran Group mentioned that the European buyer intends to use the home seasonally. Despite a national sales slowdown, Miami's luxury real estate market has proven resilient, with most buyers opting for cash transactions rather than loans.