Prestige Realty Group Closes on Pinecrest Home For a Record $5.5 Million
Posted by TONY RODRIGUEZ TELLAHECHE — September 12, 2016
MIAMI, FL — Prestige Realty Group recently closed on an 11,000 square-foot estate at 9701 SW 63rd Ct in Pinecrest for a record $5.5 million, after being on the market for only three months. This is so far the most expensive residential sale in Pinecrest for 2016*.
The new construction home was sold to a prestigious family relocating from Central America for $665 per square foot in cash. Tony Rodriguez-Tellaheche, broker and co-founder of Prestige Realty Group, represented the seller in the transaction.
The sellers are Giorgio Balli, an architect with more than 35 years of experience in custom residential design, and his wife Adi Balli, an interior designer. They purchased the lot where the home sits with the help of Rodriguez-Tellacheche for $1 million in 2014 and completed the design and construction of the two-story estate a year later.
Situated on a 40,510-square-foot lot, the tropical modern residence features over 8,000 square feet of living area and boasts 6 bedrooms, 6.5 bathrooms, a 400-bottle wine cellar, home theater, outdoor kitchen, lap pool, smart home system, indoor courtyard with waterfall, limestone floors, sauna in master bath, automated window treatments and a temperature controlled three-car garage.
“Pinecrest has continued to grow as an ideal neighborhood for the affluent in South Florida,” said Rodriguez-Tellaheche. “Its large lots and excellent schools have made it an extremely appealing and stable neighborhood.”
“Pinecrest has been on a steady upswing since 2011 and was one of the neighborhoods least affected by the recession in 2007,” added Rodriguez-Tellaheche. “There is currently a strong demand for new construction homes in the $4 million-$6 million range.”
Just last month, Miami Heat player Tyler Johnson (who was not represented by Prestige Realty Group) purchased a furnished house in the next block for $4.87 million or $478 per square foot. He is only one of several celebrities who have chosen to call Pinecrest home in recent years.
Miami-based Prestige Realty Group was founded in 2011 by Tony Rodriguez-Tellaheche, who is the broker of record, and his partner Christopher Hodgson. With associates in London, the firm procures many European clients and has a keen knowledge of the interest in Miami real estate from both sides of the Atlantic. The firm is home to more than 25 agents and focuses on luxury residential homes in Miami Beach, Coconut Grove, Coral Gables, Brickell, South Miami and Pinecrest. Prestige Realty Group’s agents are fluent in several languages including English, Spanish, Italian, French, Swedish and Portuguese. These agents, most of who are born and raised in Miami, are mostly millennial and use the latest technology, social media, apps, drone aerial photography and videos for all their listings to help clients achieve the highest price possible for their property. When you hire Prestige Realty Group you are not just hiring one agent, you are hiring a team of 25 agents all focusing on one goal.
Disclaimer: Based on closed sales in Pinecrest in all price ranges as reported by the MLS on September 8th, 2016.