A half-acre waterfront lot located at 1141 North Venetian Drive in Miami Beach has been sold for $15,800,000. The asset, classified as land, covers an area of 0.54 acres and is set in a prime market area. The new owners, Ricardo Halfen and Matthew Rosenblatt, are spec developers with plans to construct a mansion measuring 12,500 square feet, intending to list it for $62 million. The transaction includes plans and permits, although the developers will design the home themselves.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $15,800,000
• Buyer: Ricardo Halfen & Matthew Rosenblatt
• Seller: Edward Schroeder
• Broker: Maurice Boschetti - Boschetti Realty Group
• Market: Miami Beach
• Acres: 0.54

The transaction highlights the involvement of notable individuals in the real estate market, including broker Maurice Boschetti from Boschetti Realty Group, who represented the seller, Edward Schroeder. There is a maintained demand for luxury homes, which influences the developers' decision-making as they plan to create a custom-designed property in a desirable location.