A freshly built waterfront spec home on Miami Beach’s Venetian Islands is already spoken for. The Boschetti Group has gone to contract on its new build at 1045 North Venetian Drive after listing the property just under $20 million, adding another big-ticket deal to the high-end stretch where buyers are clamoring for turnkey waterfront homes.
Property at a glance
The two-story house spans 6,370 square feet with six bedrooms and seven-and-a-half bathrooms, and was developed by the Boschetti Group and built by Insignia Construction Company, according to Compass. The 0.21-acre lot offers roughly 60 feet of water frontage, a heated pool, and a summer kitchen. Maurice Boschetti is listed as the broker of record on the file.
How the deal fits the market
As reported by The Real Deal, the contract at 1045 North Venetian Drive topped Douglas Elliman’s Eklund-Gomes weekly luxury roundup for June 1 to 7, a stretch in which brokers notched 21 luxury home contracts in Miami-Dade. The outlet also notes the lot traded for about $5.5 million in 2021 and that the week’s luxury listings generally spent months on the market, underscoring how much buyers are willing to pay for finished, move-in-ready waterfront houses.
Developer and listing status
The Boschetti Group lists the home as pending and showcases photo galleries and floor plans for the spec build. The firm has been active across the Venetian Islands in recent years, positioning turnkey waterfront product aimed at well-heeled buyers who want new construction without the wait.
Venetian Islands momentum
The Venetian Islands have seen a steady flow of residential buyers this spring, with multiple waterfront deals tightening supply along the narrow, ultrapricey corridor, The Real Deal reported in March. That environment helps explain why developers continue rolling out finished spec homes in the near-$20-million bracket.
The MLS currently shows the 1045 North Venetian Drive property as pending, according to the Compass listing. Closing details and the buyer’s identity will surface in county records once the deal officially records. For now, the contract adds to a busy run for Miami-Dade luxury listings and highlights the ongoing appetite for turnkey waterfront product on Miami Beach.
