Sabal Development Purchases Development Site on Private Golf Course in Miami Beach for $4.2 Million
Sabal Development, an award-winning Miami-based builder and developer, closed on/purchased an over 12,000-square-foot development site at 5440 La Gorce Drive, Miami Beach, FL 33140 on Nov. 16, 2022 for $4.2 million.
Florida Realty of Miami, Corp. represented the buyer, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. Jean Echemendia of Douglas Elliman represented the seller, Justin Yoshimura.
Sabal Development plans to build an over 6,000-square-foot single-family home with 5 bedrooms and 5 bathrooms on the double lot, which is located on the private La Gorce Golf Course. The spacious home will include three parking garages, an elevator, pool and hot tub, outside barbeque area, media lounge and a pond. The property will feature architecture by famed architect Ralph Choeff of Choeff Levy Fischman. Sabal Luxury Builder is expected to break ground on the home in April 2023, with an estimated completion in December 2024.
“We are very excited about this purchase and the incredible custom home that will be developed on the double lot,” said Nicolai. “The property has gorgeous, wide golf course views that will complement the luxury living experience that we are bringing to life.”
As a custom home builder, Sabal Development works to understand the unique needs and lifestyles of its valued clients. Sabal Luxury Builder works with engineers, architects, and designers to fulfill each project from start to finish. Nicolai has more than 30 years of experience in the industry, with completed projects in Europe and the U.S.
Sabal Development and Sabal Luxury Builder celebrated a tremendous year of sales in 2021, achieving more than $130 million in custom-built home sales.
About Sabal Development: Specializing in luxury custom homes, award-winning Sabal Development creates astonishing residences that introduce a new level of splendor and innovation to South Florida. Sabal brings together a comprehensive team of international architects and designers for each project to realize its singular vision. The firm works with an integrated construction company, Sabal Luxury Builder, to ensure each project is completed in a timely manner and meets the highest standards. Its projects always reflect the latest advances in technology and sustainability by featuring smart home technologies and responsibly sourced materials. For more information, visit https://sabalbuilder.com/, call (786) 870-4406, or email info@sabalbuilder.com.