Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M

Shore Park building with Gloria and Emilio Estefan
Shore Park building with Gloria and Emilio Estefan (Douglas Elliman, Getty) via www.therealdeal.com

Estefan-linked entity has owned the three-story building since 1992

It’s time for the listing agents of an Ocean Drive property owned by Gloria and Emilio Estefan to get on their feet and make a sale happen.

The Estefans listed the mixed-use commercial building at 820 Ocean Drive in Miami Beach for $45 million, an online listing shows. They’ve owned the Shore Park Hotel property for nearly 30 years. It is the longtime home of the now-shuttered Larios on the Beach.

Douglas Elliman’s Sam Gaita and Ana Viyella, who declined to comment, recently secured the listing for the three-story building. It features a 5,000-square-foot restaurant with a commercial kitchen and outdoor seating, a second floor with private dining rooms and outdoor seating, and seven newly renovated, fully furnished apartments on the third floor, according to the listing.

The S.O. Beach Corp., led by Estefan Enterprises and Emilio Estefan, paid $2.2 million for the 6,500-square-foot property in 1992. The building was completed in 1930 and has 50 feet of frontage on Ocean Drive.

The listing suggests that an additional story or rooftop use could be added and that the apartments could be operated as a hotel.

By Katherine Kallergis for www.therealdeal.com
Read the full story:  www.therealdeal.com

Shop Trendy Women's Fashion Womens Clothing SHEIN USA

Zulma Torres

Read Previous

Kick off the Summer with Jon Secada and Bleaulive at Fontainebleau Miami Beach

Read Next

The Chainsmokers will Kick-off the 20th annual South Beach Wine & Food Festival®