A single-family home located at 50 West Dilido Drive in the Miami Beach market has been sold for $27.5 million. The property spans 5,304 square feet and has a price per square foot of $5,185. The home was built in 1931 and is situated on the Venetian Islands, indicating its waterfront location and appeal amid rising property values.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $27,500,000
• Address: 50 West Dilido Drive
• Market: Miami Beach
• Sale Price: $27,500,000
• Square Footage: 5,304
• Price per Square Foot: $5,185
• Buyer: KC Property Holdings Land Trust
• Seller: The Diane Star Heller Residential Trust
• Buyer's Representative: Karen Stauber - Coldwell Banker
• Seller's Representative: Nancy Batchelor - Compass

The late educator Diane Heller's family executed the sale in an off-market deal. A notable aspect of the transaction is that it reflects the increasing appeal of Miami Beach to ultra-wealthy buyers.