It is the former waterfront estate of renowned entrepreneur and socialite, the late Joan Ambrose, who was originally from New York and lived in the home for 25 years. Located on exclusive, quiet Mashta Island, the property was sold for $12.375 million for land value alone — making this the highest dollar per square foot “tear down” sale on the island at closing. With a grandfathered deep dock and stunning sunset views from 100 feet of direct Biscayne Bay waterfront, this iconic trophy property sits on a 15,000 sq. ft. lot. An entertainer’s delight, the home was known for intimate gatherings and great celebrations, including the annual Key Biscayne Yacht Club Holiday Boat Parade soiree. Although the home will be razed for new construction, the location itself is unlike any other, with breathtaking views of Biscayne Bay spanning from Stiltsville to Deering Bay and Coconut Grove. Listing Broker Shane Graber smiles: “Yes, Heaven on Earth does exist, here on the island paradise of Key Biscayne!”; 305.606.2200; [email protected]; GraberRealty.com.
