By Brigitte Sinoradzki

Philanthropist and Businesswoman Adrienne Arsht has sold her waterfront property on Miami’s Biscayne Bay after listing it in January for $150 million with Berkshire Hathaway HomeServices EWM Realty

The compound, set on 4 acres featuring spectacular water views and two separate mansions, was sold for $106.875 million. This is the first time in Miami-Dade County’s history that a residential property has sold for an amount exceeding 8 figures.

Arsht Estate Interior

Ashley Cusack, the listing agent of this extraordinary estate, worked closely with Ms. Arsht to find the perfect buyer to reside on the immaculate property. Ms. Cusack says, “It was an honor to work with Ms. Arsht in this endeavor and to have had the opportunity to represent this historic property. Her love and passion for her home was evident  from day one, and resonated strongly throughout our marketing period. I am incredibly grateful for the support of everyone who was involved in connecting the perfect buyer to this breathtaking property.”

The home is incredibly rich in charm, character, and history. It is a storied home with 2 primary dwellings and 2 guest homes, plus a variety of accessory buildings. With over 400 feet of waterfront, the new owner will not only enjoy stunning views of Biscayne Bay, but also of the commanding Miami skyline. In an unparalleled neighborhood of Miami — neighboring the Vizcaya Museum — the Arsht Estate has hosted countless dignitaries, celebrities, and philanthropic leaders. If walls could speak, this estate would have a lot to tell.

Arsht was quoted in a press statement saying, “As the steward of this beautiful property, I am proud to leave its legacy to the next generations of caretakers. May they also enjoy the breathtaking view!” 

This home sale broke the previous Miami-Dade record of $93 million set earlier this year when the founder of Intersystems bought three adjacent oceanfront homes in Golden Beach.