Bay Harbor Islands Home Sold To Venture Capitalist

Right now, the real estate market in South Florida is very hot. In fact, many big names in tech and business continue to move to the area. Recently, the co-founder of St.Louis-based venture capital firm, Dreampact Ventures, purchased a Bay Harbor Islands home. Him and his wife paid $12 million for the waterfront mansion.

In fact, this was the highest selling price for a waterfront home in Bay Harbor Islands. Measuring 7,098 square feet, the sale equated to about $1,690 per square foot.

The last time this home was sold was in 2018. Back then, the property sold for $4 million. However, significant renovations were performed ever since, increasing the value of the home. This property was originally built in 2002.

The Bay harbor Islands home features eight bedrooms, 8.5 bathrooms, a dock, a lounge, and a pool.

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