The Star Island home of Claudio Osorio and his wife Amarilis was sold at auction on Thursday for $12,720,000. The auction was part of a bankruptcy plan that allows Osorio to once again take over the reigns of his failed high-tech building materials company.
The property located at 15 Star Island Drive in Miami Beach is a 9 bedrooms home with approximately 8,700 square feet of interior living space, situated on a 40,000 square feet lot, with 100 feet of water frontage. The house, although contemporary in design, is in need of total renovation.
Three other Star Island properties have sold this year for prices ranging between $10,750,000 and $25,500,000. At this time 5 properties are for sale on the island, including a vacant lot at 30 Star Island.
The best deal on the island right now is an 8,100 square feet home, with 205 linear feet of water frontage lining a 48,266 square feet lot. The property located at 42 Star Island is in need of total renovation, but seems like a bargain compared to the sale that took place on Thursday.
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