A Russian billionaire has purchased a Star Island home for $120 million, making it the most expensive sale in Miami-Dade County history. Previously owned by NBA star Shaquille O'Neal, the property includes luxurious amenities but is rumored to be targeted for teardown by its new owner. The buyer is associated with health tech entrepreneur Michael Ferro. This sale reflects the escalating value of real estate in South Florida, particularly in exclusive areas like Star Island, which has seen numerous record sales lately.
The recent $120 million sale of a Star Island estate by a Russian billionaire signifies a record high for Miami-Dade, but the residence may soon be demolished.
Star Island, known for its opulence, hosts just over 30 properties, making it a highly sought-after real estate market where record sales are becoming common.
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