Joy C. Martin of American Caribbean Real Estate Sells Bali Hai of Islamorada for $13.99M


1647034205ISLAMORADA, FL USA - Located in Islamorada, in an area showcasing some of the Florida Keys finest estates, Bali Hai stands out. In January 2022, Joy C. Martin, Broker and Owner of American Caribbean Real Estate, Christie’s International Real Estate listed the Balinese-influenced home for sale. Under contract within six days of the successful and strategic listing launch, which included editorials in the Wall Street Journal, Forbes, and Robb Report, this prominent estate property has closed for the full list price of $13.99 million.

“There are so many factors that contributed to the sale of this stunning estate,” said Joy C. Martin, Broker/Owner of American Caribbean, Christie’s International Real Estate. “It is extremely rare to find a property in the Keys that offers all the amenities found at Bali Hai, most notably the design and workmanship."

The unique seven-pod architectural design offers owners and guests the ultimate in luxury and privacy, including 6-bedrooms and 5.5-bathrooms, within 6,050 sq ft of living area. Amenities include a temperature-controlled 1,000+ bottle wine room, gym overlooking the ocean, media room, and game room. In addition, the almost 4-acre oceanfront estate boasts an infinity-edge pool, custom-designed hot tub with a fire pit in the center, a 7,000-gallon saltwater pond, and a lighted tennis court. The grounds boast a beach area and a botanist’s dream of lush tropical gardens and fruit trees, including a thoughtful collection of plants curated by the seller. At each planting, a descriptive plaque offers a QR code leading one to further botanical identification. Oceanfront deep-water 300 ft dock with two boat lifts. The warm ocean waters entice one to snorkel, paddle, swim, or fish off the private dock. Atlantic Ocean sea life, including spotted rays, are often observed from the residence.

This notable sale is the third this year in the Florida Keys closing at over $10 million USD, demonstrating the strength of the Florida Keys luxury trophy market and increased demand for properties of this caliber.

“This is the second time I have had the distinct opportunity and privilege to sell Bali Hai.” said Joy Martin, “We planned the strategic listing launch for Bali Hai, realizing the global interest this property would garner. Our strategy brought vast and immediate attention to this property, ultimately culminating with a full price contract executed within 6 days of the property launching.” Martin continued, “It is a remarkable shift in the Florida Keys market for us to be attracting ultra-luxury buyers from all over the United States and the world. We expect this trophy home demand in the Keys luxury market to continue to prosper, regardless of limited inventory offered on the market."

“We love the keys community and when we decided to sell our home, we knew choosing the right broker and company to represent us was going to make all the difference. We also felt it was important that the broker had personal knowledge about the Keys. Joy and her team at American Caribbean Real Estate exceeded our expectations with their professionalism and high level of marketing. Despite the complexities of working across multiple time zones, Joy made the selling process seamless. Bali Hai will always have a special place in our hearts, and we know the new owners will love it just as much as we did,” said Jon Landau, the seller of Bali Hai.