Star Island, Miami Beach’s most sought after real estate, is once again in the news, as one of Star Island’s most amazing sales took place just a couple of weeks ago, when Rosie Hallbaur, the previous owner of 22 Star Island Drive, sold the 58,906 square feet lot, along with a structure which will surely be torn down at some point in the near future, for just $7,500,000, less than the tax assessed value of the property.
The buyer was 22 Star Island LLC, a corporation which, according to Florida State corporate filings, seems to be attached to Brian Bilzin, the owner of another very large Star Island property. The property is one of Miami Beach’s most prestigious lots, in that it is situated on the very tip of the Island facing north-northeast, and boasts incredibly beautiful views of Biscayne Bay. Mr Bilzin must be congratulated as one of Florida’s most savvy buyers of real estate.
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