Something strange is happening on Star Island, the island off the MacArthur Causeway that’s home to 98 very rich, very famous folks: There are currently four properties up for rent, out of just 32. Singer Gloria Estefan and her husband Emilio are offering one of the guest houses for $30,000 a month. There’s developer Tom Kramer’s foreclosed crib, for rent at $150,000 a month. Other villas are going for $65,000 and $75,000 a month. Rentals tucked between $100 million properties? “It is unusual to have that many rentals there,” says high-end Realtor Ben Moss. “In listings above $10 million, there’s a three-year inventory. Some investors prefer renting out for a while. “But for some sophisticated buyers with $50 million to spend, this could cause the island to lose some of its luster.”
Thanks for checking out our new site! We’ve changed a ton of stuff, and we’d love to know what you think.Email feedback
- No posts yet
Hey, wine lovers! Here’s a new storage space just for your fancy wine.
A ‘bird room’ and roasted duck? This new Miami restaurant is as eclectic as its menu
Miami: Your first cupcake and cake-decorating studio is here. And it’s ridiculously cute
Who serves up organic food in Miami? We’ll tell you because you asked nicely.
Let's make this friendship official.
Walter Mercado is having an estate sale at his downtown Miami condo. The condo is for sale, too.
The queens are back! A Palace pop up coming to Ocean Drive