The Mar Pietra compound in Delray Seashore, Florida, is being supplied at $60 million.
Daniel Petroni
The proprietor of a beachfront mansion in Delray Seashore, Florida, is seeking to shatter an area worth file with a house that delivers old-school Italian aptitude above floor and hidden character beneath.
Whereas the higher ranges are adorned with 300 stone-carved columns, vaulted ceilings and even a fresco painted in Florence, Italy, the house’s subterranean house is full of trendy luxuries together with an excellent automobile gallery, glowing tequila bar and a metal vault full of piles of money.
The 2 distinct design themes are wrapped in a limestone-clad residence positioned in town’s ultra-high-end South Ocean Boulevard. The 23,000-plus square-foot residence is named Mar Pietra, Italian for “sea stone.”
“So much stone went into this house, I thought it was appropriate,” proprietor Massimo Musa informed CNBC.
Musa based and bought a number of corporations within the eye-care business. He additionally develops actual property and constructed Mar Pietra with this now ex-wife.
The eagerness venture took 5 years to finish and employed dozens of craftsmen, painters and sculptors, lots of them from Italy. Tons of limestone have been shipped right here from Mexico’s Yucatan Peninsula; hand-carved marble made the journey from Verona, Italy; and big panels of cedar arrived from Colombia.
Dawn over the pool. Beneath the archways on the left is a loggia that features an outside kitchen, eating space and lounge.
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Based on the itemizing, the mega residence sits on 100 ft of beachfront. There’s a principal residence and visitor home and all collectively 9 bedrooms, 12 full baths and 7 half baths. The climate-controlled subterranean storage provides 4,000 extra sq. ft, with much more house added by way of coated areas reminiscent of an opulent loggia that homes one other kitchen, bar, lounge and eating space.
The huge property is 5 instances the scale of the common Delray Seashore residence bought through the first quarter, and its eight-figure price ticket is greater than 18 instances the realm’s virtually $3.3 million common gross sales worth for a luxurious residence, in line with the Elliman Report. The report defines luxurious properties as the highest 10% of gross sales.
The very best sale worth ever achieved in Delray Seashore was $34 million for an inventory additionally positioned on South Ocean Boulevard that bought in 2021. Based on public information, the highest sale worth per sq. foot was additionally recorded in 2021, at slightly below $2,600 per sq. foot. Mar Pietra’s listing worth would put it proper in keeping with that worth metric.
The grand salon’s ornately carved ceiling was impressed by a palazzo in Rome. The room overlooks the pool and ocean.
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The trophy residence’s large footprint and its large oceanfront garden are a uncommon sight on this strip of seashore in Palm Seashore County. Based on Musa, that’s due to the lot’s distinctive zoning historical past.
Public information present he purchased the lot, together with the lot throughout the road on the Intracoastal Waterway, for $9 million again in in 2002. On the time, the oceanfront parcel had a lodge on it, which suggests the land was beneath lodge zoning laws. Musa, who immigrated to the U.S. from Italy, tore down the outdated constructing so he may construct a beachfront household residence that paid homage to his residence nation.
A pair of stone staircases leads from the oceanfront garden as much as Mar Pietra’s limestone-clad sundeck and pool space.
Daniel Petroni
Even after the lodge’s demolition, Musa says, the land’s lodge zoning remained intact. That allowed him to construct a house with a bigger footprint and smaller setbacks. Plus, the residence may prolong nearer to the shoreline than present residential zoning sometimes permits.
Additionally grandfathered in was a portion of beachfront lot that was cleared a long time in the past by the lodge’s house owners, one thing Musa informed CNBC present regulation would by no means permit. That clearing is now a lush evergreen garden, fabricated from synthetic grass, that rolls throughout the again of his one-acre property the place it meets the pure vegetation on the sandy shoreline.
A balcony on the house’s second degree overlooks the pool, ocean and huge synthetic garden that borders the seashore.
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The house’s place 21 ft above sea degree and its sheer dimension is spectacular, however like many listings at this worth level, it isn’t at all times straightforward to discover a purchaser. Whereas the property has been on and off the market since December 2021, its $60 million price ticket holds regular. It’s at the moment supplied by South Florida itemizing agent Senada Adzem of Douglas Elliman.
“This trophy estate stands as one of South Florida’s finest bespoke luxury properties, designed to evoke timeless elegance,” Adzem informed CNBC.
The principle corridor options vaulted ceilings and some of the house’s 300 stone columns.
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The kitchen options Italian white marble and reclaimed beams that span the ceiling.
Daniel Petroni
Based on the Elliman Report, luxurious single-family residence stock within the first quarter rose greater than 12% over the earlier yr, and the common gross sales worth of a luxurious single-family residence in Delray Seashore dropped greater than 33%.
Regardless of knowledge that means the market could also be experiencing some headwinds, Adzem stays assured within the listing worth and South Florida’s high-end actual property market.
“The ultra-luxury real estate market will continue to prosper,” she stated. “Wealthy clients love Palm Beach County, valuing oceanfront locations, privacy and uniqueness above all else.”
To assist that declare, Adzem factors simply 400 meters down the road to a sale in Highland Seashore, the place simply this Could an oceanfront residence traded for $50 million, or greater than $2,800 per sq. foot. On this shoreline, Mar Pietra may truly be thought of a relative discount. A close-by smaller residence, additionally on South Ocean Boulevard, not too long ago listed for $74 million, or about $5,100 a sq. foot.
The house’s household room, overlooking the pool and ocean.
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Based on Adzem, Mar Pietra instructions a premium partly for its high quality of building and the property’s uncommon zoning allowances, which she referred to as priceless.
“These generous zoning allowances enabled our client to create a truly unique property that would otherwise be impossible,” she stated.
A seating space in Mar Pietra’s loggia overlooking the dawn.
Daniel Petroni
It’s onerous to think about a possible purchaser taking problem with the property for being too small, however Adzem stated on this a part of Florida, it isn’t out of the query. So, the true property dealer and her consumer are prepared to supply an answer.
“What’s really unique about the home is the fact that my client is willing to sell it with the Intracoastal Waterway lot that would create the only ocean-to-intracoastal compound in Delray Beach, Florida.”
The 2-lot deal, Adzem stated, would ship sufficient land to develop one other waterfront home that might embrace a uncommon spot on the Intracoastal Waterway to dock a mega yacht. As for the value tag to purchase the total bundle deal, Adzem stated she would solely talk about that quantity with potential patrons.
Here’s a nearer take a look at Mar Pietra and what you’d get for $60 million:
Autos coming into the property cross by way of a porte-cochere that doubles as a guesthouse.
Daniel Petroni
The house’s driveway passes by way of a grand archway referred to as a porte-cochere that results in a round motor courtroom. Contained in the limestone construction is a two-story guesthouse spanning greater than 2,700 sq. ft with three bedrooms, three full baths and two half baths.
On the middle of the motor courtroom is a fountain flanked by mature palms and framed by a driving floor that mixes mosaics, marble and fake grass.
Daniel Petroni
Past the round motor courtroom is a huge stone staircase that ascends to the primary residence.
Mar Pietra’s grand staircase arrival.
By the arches on the prime of the stairway is a central open-air courtyard. Musa says the design was impressed by Vizcaya Museum and Gardens in Miami.
Dramatic archways encompass the house’s open-air central courtyard.
Daniel Petroni
The courtyard results in the house’s principal entrance, the place a butterfly staircase reigns over a double-height lobby.
The lobby’s ceiling rises over 30 ft, with limestone archways, and a grand marble staircase.
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The 2-story library is clad in stained cedar from Colombia, with a big marble fire carved in Verona, Italy.
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The house’s library spans two ranges with a spiral staircase that rises as much as the second ground — and the room delivers way more than books.
The higher degree of the wood-paneled library affords a more in-depth take a look at the Italian fresco overhead.
Daniel Petroni
Musa says the cedar-wrapped room’s design was impressed by the Vanderbilt property, whereas the fresco on the ceiling takes inspiration from the Sistine Chapel. The mural, Adzem informed CNBC, was painted in Florence, Italy, shipped to Florida and affixed to the ceiling, the place the artist made the ultimate ending touches.
The library’s onyx bar with book-matched cedar panel partitions and flooring designed with intricate inlays.
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The decrease degree of the library consists of an onyx bar and a lounge space. On the higher degree, home windows across the residence workplace are stuffed with views of the pool and ocean.
The house workplace on the library’s higher degree.
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The first suite can also be on the second ground, with views from each window.
A seating space and double-sided fire on the entry of the first suite’s sleeping quarters.
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Mar Pietra’s major suite.
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The suite’s two baths function up to date designs, imported marbles and walk-in closets. The white marble bathtub flows seamlessly right into a boutique-style, walk-in wardrobe with a cupboard island, jewellery showcase and separate shoe closet.
A marble-clad bathtub within the major suite.
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One of many major suites’ two walk-in closets.
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Deep beneath the dune that Mar Pietra is perched upon is a subterranean lair with a really totally different design story. It’s extra trendy down there and full of up to date luxuries.
Mar Pietra’s subterranean storage is air-conditioned and spans greater than 4,100 sq. ft.
Daniel Petroni
The house’s so-called auto lounge is an underground storage adorned with large crystal chandeliers, ornate ceilings and parking for seven automobiles. Throughout CNBC’s go to, it was staged bumper to bumper with $5 million value of uncommon Lamborghinis.
The decrease degree’s lounge affords a view of the automobile salon by way of a floor-to-ceiling wall of curved glass.
Daniel Petroni
The parking space results in a lounge designed for individuals who prefer to admire their rides. A wall of curved glass separates the lounge from the storage and delivers an incredible view of the parked supercars. The metal vault on the aspect wall is an artwork piece with a functioning door and stacks of cash inside.
The decrease degree’s tequilla bar is clad in white quartzite.
Daniel Petroni
The decrease degree additionally features a tequila-only bar wrapped in quartzite. After darkish, lights embedded within the stone can ignite the surfaces with a milky-white glow.
Mar Pietra’s subterranean residence theater.
Daniel Petroni
There may be additionally a state-of-the-art theater, with a floor-to-ceiling and wall-to-wall digital display, and it is without doubt one of the residence’s two cinemas.
