Bahamian casino mogul sells waterfront Miami mansion for $28.2M

Sebastian Bastian, CEO of Bahamian on line casino firm Island Luck, has bought his luxe Miami mansion for $28.2 million.

Positioned on the Venetian Islands, the newly constructed three-story house is made up of 5 bedrooms and 7 baths.

Spanning greater than 13,400 sq. ft, Bastian purchased the house in 2019 for $7.75 million earlier than its renovation — which suggests he stood to revenue considerably.

Developed by Todd Michael Glaser, the three-story residence was accomplished in 2021 and boasts panoramic waterfront views.

Options embody floor-to-ceiling glass sliding doorways, a customized marble bar, a movie show, a hearth pit, a summer season kitchen and a 10-foot infinity-edge pool.

There are additionally unobstructed views overlooking the Miami skyline.

Chad Carroll, Eli Faitelson and Korina Evaniuk with The Carroll Group represented the sellers within the off-market deal, whereas Jaime Blatt with Inside Community introduced the client.

Dwelling costs in Miami have skyrocketed within the current years.

In keeping with Realtor.com’s newest 2023 forecast, South Florida costs are set to extend 3.4% in 2023.

“The 2023 housing market may change into a ‘no person’s-market,’ not pleasant to consumers nor to sellers,” Realtor.com chief economist Danielle Hale wrote.