La Gorce Island, Estate of the Day

Today’ estate in Miami Beach, Florida was once home to Cher and has also served as a temporary residence for Janet Jackson and Julio Iglesias. Cher bought the property in 1993 for $1.5 million and rebuilt it. She sold in 1996 for $4.35 million to Barry Schwartz, former chairman and CEO of Calvin Klein who sold to real estate developer Todd Glaser and investment partner Armin Mattli, president of Clinique La Prairie, the Swiss spa/hotel/medical center ten years later. The property was completely redone and then rented to Janet Jackson last year for $85,000 a month, followed by Julio Iglesias and then Douglas Cramer, executive producer of the TV series Dynasty. The home which once featured in Architectural Digest, has six bedrooms, cabana and gym, two-car garage and dock.

Details include a large inner courtyards, archways, rosette windows, keystone columns, a two-story living room, formal dining and large media rooms and a lap pool. The kitchen has double sub-zero stainless steel refrigerators, Traulsen wine cooler, huge white marble island and Wolf gas stove, also opens to wide covered terrace. The master suite has a walk-in closet, private covered terrace overlooking pool and wide views, and a 3rd story living room with large covered terrace overlooking water. This home is listed at $14.9 million which seems a bit ambitious for the current market even though it is a beautiful home.

Via:  luxist