According to a recent article in the South Florida Business Journal, it took almost six years, but one of the properties owned by singer Gloria Estefan and her husband Emilio Estefan located on South Florida’s Star Island off the coast of Miami Beach has finally sold. Because Emilio’s mother lived there for many years before she passed away in 2015, the place is known as “Nana’s Villa.” Both the two-story main house and the three-bedroom guest house are included in the property, which is located in a desirable and gated and guarded Star Island neighborhood.
Currently owned by a limited liability company, Nena’s Villa has a combined six bedrooms and 10 bathrooms spread across roughly 8,000 square feet, making it far from the standard “mother-in-law suite.” The house stands on a 1.34-acre lot and was reportedly purchased for $35 million.
The description of Nena’s Villa can be found here.
“This beautiful Bayfront estate is situated on an amazing 58,332 SQ FT corner lot with 240′ of glittering shoreline with unhindered views of Biscayne Bay and the Downtown Miami skyline on the prestigious guard-gated Star Island. The estate includes a stunning 2-story, 3BR/6+1BA Floridian-style house with open verandas facing the bay, magnificent oak & marble floors, arched doorways, a living room with fireplace, a private dining room, a charming piano room, and a huge kitchen with views of the water. A separate and private 3BR/2+1BA Guest House is located at the front of the house. Tropical plants, palm trees, a resort-style pool and spa, a private dock, and breathtaking sunset views can all be found on the grounds’ lush landscaping. This estate is very unique. This home is unlike any other on Star Island in terms of location, lot size, and amenities.”
The “guest house” was once turned by the Estefans into a rental property, where it was rented for about $30,000 a month until they initially put it up for sale in 2015. This is puzzling because the property actually features a guest house. The property had a $40 million asking price at the time, and in 2019 it was listed once more for a lower $32 million before selling for $35 million. Overall not a bad deal, even though it took some time to get there, especially when you consider that they only paid $1.8 million for the property in 1993.