Ricardo Halfen And Matthew Rosenblatt Acquire Waterfront Mansion In Miami For $21 Million

A waterfront Bay Point mansion located at 4355 Sabal Palm Road in Miami was sold for $21,000,000. The property spans 8,322 square feet and is situated on 0.82 acres of land, equating to a price per square foot of $2,523. The home was last sold for $11.2 million in 2020 and underwent renovations in 2023.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $21,000,000
• Buyer: Ricardo Halfen - Trio Construction & Matthew Rosenblatt - 2151 Development Group
• Seller: Richard Lee Krelstein
• Lender: Amerant Bank
• Loan Amount: $13,500,000

Spec developers Ricardo Halfen and Matthew Rosenblatt completed the acquisition of the property. The transaction highlights the involvement of Amerant Bank, which provided financing for the purchase of the home.