It really is hot in Miami — especially when it comes to real estate.
It only took one day to sell Il Mulino partner Steven Raia’s waterfront estate on man-made Hibiscus Island for its full $12.5 million asking price, according to sources and public records.
Raia bought the contemporary home for $3.59 million in 2014.
It sold after receiving “multiple offers in the first 24 hours” following its first showing, a source told Gimme.
The buyer is Don Dady Living Trust, with Don Dady of Paradise Valley, Arizona, as trustee.
The pricey palace at 421 N Hibiscus was listed by ONE Sotheby’s International Realty’s Jeff Miller, who declined comment.
By Jennifer Gould for www.nypost.com
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Tags: Florida Real Estate Hibiscus Island Hospitality Industry Il Mulino Miami Miami Beach Miami Beach Hospitality Industry Miami real estate restaurants South Florida Real Estate Steven Raia
