A mansion located at 26 Star Island Drive in Miami Beach was sold for $120 million. The asset spans 18,704 square feet and sits on 2.45 acres of land, resulting in a sale price of $6,416 per square foot.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $120,000,000
• Buyer: Michael Ferro - Merrick Ventures
• Seller: Vladislav Doronin - OKO Group & Aman Resorts
• Square Footage: 18,704 SF
• Acreage: 2.45
• Market: Miami Beach
• Previous Purchase: Property previously acquired by Doronin for $16 million from Shaquille O'Neal in 2009
• Record: This sale sets a Miami-Dade record, surpassing the previous record of $106.88 million held by Ken Griffin

The transaction involved Michael Ferro's Constellation Drive LLC as the buyer, while Vladislav Doronin's firms, OKO Group and Aman Resorts, acted as the sellers. Star Island is notable for its high-profile residents, including celebrities such as Gloria Estefan and Jennifer Lopez.