Pinecrest, FL, 33156
$8,500,000












+ 28 more photos
Rare opportunity in North Pinecrest to unlock millions in equity upon completion! Now being offered at an extraordinary as-is price for a buyer to take over and complete this nearly finished new construction estate by award-winning PACHECO Architecture. This is not an early-stage project — the home is substantially complete, with approximately $1.5M remaining to finish and an estimated 4 months to completion. A rare opportunity for an end-user seeking instant equity and the ability to customize final finishes, or an investor/developer looking to bring a trophy Pinecrest estate to market quickly. Based on recent comparable new construction sales in the area, the projected completed value is approximately $14.2M–$15.5M+. Spanning over 11,000 Tot SF on nearly 1 acre, this Cartagena-inspired residence is anything but another spec home box. Curved archways, airy courtyards, oversized windows, and massive terraces create a true architectural statement. Features include a double-height foyer, grand staircase, luxe primary suite with sunroom, spa bath, movie theater, elevator, butler’s kitchen, wine cellar, fitness room, sauna, guest suite cabana, outdoor kitchen, and a resort-style backyard with 70’ pool, waterfall and jacuzzi. An once-in-a-lifetime opportunity to secure one of Pinecrest’s most distinctive new estates significantly below its projected completed value.
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Listing courtesy of Jordan Lederman, Fortune International Realty, 305-400-6393. Listing information courtesy of the MIAMI Association of REALTORS® IDX feed. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's IDX Program. This information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.