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Miami Beach home sells for $18 million

by Kerrie Kennedy

Miami Beach home sells for $18 million
Following a bidding war, a 5-bedroom, 5.5-bath home on Sunset Island IV has sold for $18 million.
 
Nile Lundgren of Compass and Scott Porter of Douglas Elliman represented the buyer while David Kreps of Sterling Equity Realty represented the buyer, investor Greg Mirmelli, who reportedly used the home for short-term rentals. 
 
Known as Villa Duval, the remodeled home located at 2120 Bay Avenue features views of the Biscayne Bay, an outdoor kitchen by the dock, large swimming pool and hot tub and a covered outdoor area with sunset views of downtown Miami and the islands.
 
Zoning allows for a 14,500 square-foot home or two 7,250 square-foot homes.

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