La Gorce Island Estate ‘OKTO’ With 260 Feet of Waterfront Sells for Record $75 Million
A spectacular mega-mansion on Miami Beach’s exclusive La Gorce Island has shattered records with a $75 million sale. Known as “OKTO,” the two-story waterfront estate boasts 260 feet of breathtaking frontage and now holds the title for the highest-priced single-family home sale ever on the guard-gated island. It is also the second most expensive residential sale in Miami Beach history.
Located at 88 La Gorce Circle, the 1.1-acre estate was designed through a collaboration between acclaimed developer Todd Michael Glaser and architect Carlos Prio-Touzet. The home was listed by Nelson Gonzalez, Senior Vice President at Berkshire Hathaway HomeServices EWM Realty, and found a buyer just two weeks after hitting the market. Buyer and seller identities remain confidential.
“Even among the most remarkable homes on La Gorce Island, OKTO stood out,” said Gonzalez. “Its unmatched location, one-of-a-kind design, and impressive scale positioned it perfectly for elite buyers. Our marketing strategy brought immediate results.”
A Masterpiece of Contemporary Design
The sprawling estate encompasses:
- 9 bedrooms,
- 12 full bathrooms and 3 half-baths,
- And spans 48,027 square feet of manicured grounds.
Inside, a 100-foot-long living room with soaring ceilings makes a dramatic first impression. Architectural highlights include a Guggenheim-inspired staircase, custom lighting, and floor-to-ceiling glass walls showcasing panoramic views of Biscayne Bay and the Intracoastal Waterway.
The chef’s kitchen, formal dining room, and gym are located on the first level, while the upper floor features a private entertainment space, a grand primary suite with spa-like bath and oversized closet, and a wide waterfront terrace. Amenities abound:
- Elevator
- Rooftop entertaining deck
- Two private docks
- 100-foot pool
- Guesthouse
- Five-car garage
- Two-bedroom staff quarters
A Record-Breaking Return on Investment
Gonzalez also noted the home’s extraordinary appreciation:
“We listed this home in 2021 at $38.5 million and received strong offers, but the seller wasn’t ready. Now, just four years later, it has sold for nearly double—a true reflection of Miami Beach’s surging ultra-luxury market and the enduring demand for rare, high-caliber properties.”
An Island Enclave Steeped in Prestige
La Gorce Island, known for its privacy, beauty, and prestige, features towering Royal Palms, expansive waterfront views, and 24-hour roving security—including a nightly patrol boat. Past residents have included celebrities like Cher and Billy Joel. The island offers proximity to top destinations such as the La Gorce Country Club, Bal Harbour Shops, Lincoln Road, and Miami International Airport—all within 20 minutes.
For comprehensive real estate services in Brickell and Miami, feel free to reach out to David Freed, your trusted Miami Real Estate Agent.
