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$65M Star Island mansion heads to auction

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Built by Miami Beach pioneer Carl Fisher

46 Star Island
Courtesy of Alexa Iacovelli and Mirce Curkoski of Sotheby's/Photos by AlexaTPhoto

A lavish mansion on Star Island that was previously asking a county-high $65 million is headed to auction.

The tiny 20,000-square-foot Mediterranean estate was built by Miami Beach pioneer Carl Fisher in 1923. It has 10 bedrooms, 12 bathrooms, and totals 40 rooms in all.

In cooperation with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby’s International Realty, the special property will be auctioned off by Concierge Auctions on January 31 without reserve. It’s owned by Rally Manufacturing founder Marco R. Iacovelli.

Renovated in 2016, additional interior features include a massive living room with its original vaulted ceilings; a beautiful modern kitchen; a lounge/game room with a wet bar; a 3,000-bottle wine cellar; three home offices; a gym; a grand double-sided staircase; staff quarters; clerestory and arched casement windows; and a sunroom with antique tile floors.

Exterior details entail 250 feet of water frontage; a resort-style pool overlooking the bay; and a private dock with a boat lift.

“It has been a wonderful experience, a wonderful place to live,” owner Marco Iacovelli said. “It is an important and historic home in Star Island, which by all accounts is the ideal place to live. We personally no longer need the space, and are confident the Concierge Auctions’ process will identify the right new owner on auction day.”