A Florida-based fashion designer is selling her Miami home after 20 years for $29.5 million, Mansion Global has learned.
Stacy Frati, founder of women’s clothing brand Sweet Pea, listed her three-building compound in a gated community in Miami’s Coconut Grove neighborhood last week. It has seven bedrooms and nine bathrooms in 15,000 square feet of indoor living space on approximately three-quarters of an acre.
“It’s more than just a home for our family, it’s our private paradise,” Ms Frati said in an email. “Driving through the gates in the yard always takes my breath away, even after [more than] 20 years.”
Ms. Frati bought the home in 1998 for $1 million, PropertyShark records show.
The main house is approximately 7,500 square feet, with five bedrooms and five-and-a-half bathrooms, according to listing agent Jill Balli of ONE Sotheby’s International Realty. Unlike many megamansions, this house is large but still has a cozy atmosphere.
“Sometimes when you walk into a big mansion… it looks like a hotel,” she said. “However, in the main house, you always feel at home. If someone needs to shout upstairs for dinner, it can be done and you won’t hear a big echo.
Italian carpenters were brought to the United States to create the kitchen, which features marble countertops and two of everything from ovens to dishwashers to warming drawers, Ms Balli explained. The fireplace in the formal living room was also imported from Italy.
There are four en-suite bedrooms, each with a dressing room, Ms Balli noted. Additionally, there’s a 5,000 square foot cabana with space for entertaining and “a huge guest suite”, as well as a separate guest house atop a four-car garage that could also be used as an office with a conference room.
Other amenities include a home gym, game room and 65-foot-long swimming pool, according to the listing.
The house’s location is another strong point, according to Ms. Balli. It is part of The Moorings, one of the only gated communities in the town itself. Residents have waterfront access and there is a private marina a short walk or golf cart ride away. The shops and restaurants of Coconut Grove are also within walking distance.
This particular home is not on the water, giving it “complete privacy,” the agent added. It is also about 17 feet above sea level, protecting it from sea waves and flooding.
As migration to South Florida continues, some new residents, especially those with school-aged children, find that waterfront homes in Miami Beach or on one of the islands surrounding the city are not so convenient for everyday life. life.
“There is a lot of traffic and then you have to cross a bridge. There are no schools,” Ms Balli said. “The good thing about it is you’re near the water and you’re literally right in the heart of it. [of the city] and within walking distance of some of the best schools in the country.”