A Miami Beach, Florida, mansion listed for $25 million when it was finished in 2009 has sold for $16 million. The mansion was sold to a German businessman, but the agent, Nelson Gonzalez of Esslinger Wooten Maxwell, declined to identify him. The German will not move to Miami Beach to live in the mansion, Gonzalez said, “It’s a vacation home.” The 17,200-square-foot home has two docks, staff house, five-car garage, marble staircase and elevator. Despite the reduced price, it was the most expensive residential housing deal in Miami-Dade since Shaquille O’Neal’s home was sold for $16 million last year.
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