Published by The Real Deal, August 3, 2020
Italian developer Valerio Morabito sold his waterfront Miami Beach mansion to Italian entrepreneur, DJ and Instagram personality Gianluca Vacchi for $24,500,000 on August 3, 2020.
Morabito sold the 12,700-square-foot home at 1510 West 25th Street on Sunset Islands in Miami Beach to Vacchi, listing agent Eloy Carmenate of Douglas Elliman confirmed. The Sunset Islands mansion was last asking $27 million. Carmenate and Mick Duchon co-listed the property, and represented the buyer as well.
The seven-bedroom, seven-bathroom and three half-bath mansion has 7,400 square feet of terraces, a 1,140-square-foot rooftop, and about 150 feet of waterfront. The house was built 13 feet above sea level, and features two guest homes, a gym, elevator, wine cellar, screening room, 90-foot pool and an outdoor kitchen.
The Wall Street Journal first reported the sale.