Who just sold a $10.45 million home in Miami?
Scott Porter of the Lundgren Team at SERHANT. has successfully brought 1001 North Venetian Drive in Miami Beach into contract for $10.45 million, marking another major waterfront transaction in one of South Florida’s most competitive luxury markets.
The property sits on the prestigious Venetian Islands, a chain of waterfront enclaves connecting Miami and Miami Beach that continues to attract high-net-worth buyers relocating to South Florida.
Where is 1001 North Venetian Drive?
1001 North Venetian Drive is located on the Venetian Islands, one of Miami’s most desirable luxury residential areas.
The islands sit between Downtown Miami and Miami Beach, offering direct waterfront living with quick access to both the city’s financial district and the beaches. The location has become especially popular with buyers relocating from New York, California, and international markets seeking privacy and water access.
Why are buyers paying over $10 million for homes on the Venetian Islands?
Waterfront inventory in Miami is limited, and properties on the Venetian Islands are among the most sought-after.
Buyers are drawn to the area because it offers:
• Direct waterfront access
• Boat dock potential and open bay views
• Large private lots compared to mainland Miami
• Proximity to Miami Beach, Brickell, and the Design District
As luxury migration to South Florida continues, demand for trophy waterfront properties in locations like the Venetian Islands remains strong.
Who is Scott Porter?
Scott Porter is a luxury real estate broker on the Lundgren Team at SERHANT., specializing in high-end properties across South Florida.
The Lundgren Team operates across New York City, Miami, and international markets, representing luxury residences, waterfront estates, and new development projects.
Why is Miami’s luxury real estate market still so strong?
South Florida has become one of the most active luxury housing markets in the United States.
Several factors continue to drive demand:
• Wealth migration from major cities
• Favorable tax structure in Florida
• Strong international buyer interest
• Limited waterfront inventory
These conditions have made neighborhoods like the Venetian Islands a focal point for high-value transactions.
What does this deal signal for the Miami luxury market?
The $10.45 million contract at 1001 North Venetian Drive reflects continued momentum in Miami’s ultra-luxury market.
As more buyers look for waterfront homes with privacy, boating access, and proximity to Miami Beach, properties on the Venetian Islands remain among the most competitive opportunities in South Florida real estate.
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