Sabal Development, Led by Pascal Nicolai, Finalizes $20.6 Million Sale of Luxurious Venetian Island Estate
Miami-based luxury home developer Sabal Development & Sabal Luxury Builder, led by Pascal Nicolai, has successfully sold its newly built modern tropical waterfront estate at 1369 N Venetian Way for $20,625,000. The stunning residence, situated on Miami’s prestigious Venetian Islands, was designed by Togu Design, built by Sabal Luxury Builder, and listed by Dora Puig of Luxe Living Realty.
“We are extremely proud of our team and partners for delivering this exceptional living experience to the island,” said Pascal Nicolai, Founder and CEO of Sabal Development. “The open floorplan and floor-to-ceiling windows create an unparalleled luxury living space.”
The estate offers 7,283 square feet of interior space on a 10,500-square-foot lot with 60 feet of water frontage. It features four bedrooms, with the option to expand to five or six, and five and a half bathrooms. Key highlights include two expansive rooftop terraces, an elevator serving all three levels, a chef’s eat-in kitchen with Miele appliances, and an oversized kitchen island. The outdoor entertainment area is finished with Ipe wood and an infinity-edge pool overlooking the bay.
Blending luxury and breathtaking waterfront views, the home is designed with bleached oakwood floors, matte black accents, seamless indoor-outdoor living, and adaptable interior architecture.
“This sale underscores the continued strength of Miami Beach’s luxury waterfront market,” said Dora Puig. “The estate’s exceptional design and craftsmanship made it a truly unique offering on Venetian Island.”
Sabal Development, with Sabal Luxury Builder, has delivered custom-built homes exceeding $240 million in total sales. Pascal Nicolai, with over 30 years of experience, has led residential projects across the United States and Europe.
