In off-market sale, 420 W. Rivo Alto Drive Sells for Whopping $15,079,600 or $1872 psf.
Since the home wasn’t listed and was recently completed by the previous owner, not much is known about this home. Additionally, the tax records have yet to be updated with the new home specs but the seller confirmed that the property is approximately 8,000 square feet and is sited on a 13,382 square foot, pie-shaped lot.
At over $15M this is the highest sale ever on the Venetian Islands. Also, $1872 is a record breaking number psf.
Di Lido Island’s Villa Fendi
Di Lido Island had another stellar sale in June. 1 E Di Lido Drive, sold for $14M. The property is located on an uber-prime 16,700 square foot lot on the southern tip of the island. The seller was the grandson of the Fendi fashion house founders. Villa Fendi- as it was known- for marketing purposes I would surmise, sold for a impressive – at the time – $1788 psf.