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Residential

Sabal Development buys Miami Property to Build Two Luxury Homes on Biscayne Bay

Sabal Development, an award-winning builder and developer, has closed on a home on Miami’s luxurious Belle Meade Island. The Miami-based company plans to demolish the structure and build two luxury residences on the divided lot. It comprises 38,000 square feet with stunning views of the Intracoastal Waterway and immediate boat access to Biscayne Bay.

Viola Watson of Douglas Elliman represented the seller and Juliet Silver of One Sotheby’s represented Sabal Development and its chief executive officer, Pascal Nicolai. The $4.6 million sale closed April 27.

“We are excited about the potential of these two properties because of their unique location directly on Biscayne Bay,” said Nicolai, Founder and CEO of Sabal Development. “Our plan is to provide two impressive, modern residences that fit in well in the highly sought-after Miami neighborhood.”

The two-story home on lot A will have 6,238 square feet of living space. The 5-bedroom, 5-bathroom house will feature extraordinary balcony views of the Intracoastal. It will have a 4-car garage, jacuzzi and pool overlooking a 107-foot seawall with boat dock.

The residence on Lot B will also be two stories and will have 6,067 square feet of living space with 5 bedrooms and 5 bathrooms. The home will feature a 2-car garage, balcony views overlooking a stunning pool, and 93 feet of seawall with a boat dock.

Both residences will be meticulously planned, with state-of-the-art finishes and top-of-the-line appliances. They will have modern, open-concept living spaces and outdoor entertainment areas that feature a built-in barbecue and wet bar.

As a custom home builder, Sabal Development works to understand the unique needs and lifestyles of its clients. Its construction company, Sabal Luxury Builder, collaborates with engineers, architects, and designers from the start to finish of a project. Nicolai has more than 30 years of experience with residential projects in the United States and Europe.

In the last two years, Sabal Development and Sabal Luxury Builder have built and sold custom-built homes with a total value of over $146 million.

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