Sunset Island Lot Sold For $22,500,000

2500 Bay Ave. Sunset Island II, Miami Beach, Florida

An empty lot located on prestigious Sunset Island II, just sold and closed yesterday for $22,500,000. The lot, which measures 1.93 acres, faces the wide bay and has approximately 570 linear feet of bay front. The asking price for the lot was $29,000,000. The Sunset Islands are located in the heart of Miami Beach. Since the beginning of this year, 3 other Sunset Island homes with waterfront views have sold, ranging in price from $4,600,000 to $10,000,000. At the present time, 12 other waterfront properties are listed for sale on the 4 Sunset Islands.