Developer Alex Sapir, who is divorcing his wife Yanina, is looking to sell his two beachfront Miami Beach homes together for $54 million.
The properties are located next to each other on the Venetian Islands. Contemporary 7,300 sq. ft. mansion at 126 West San Marino Drive situated on 0.4 acres. Sapirs bought the property for $17.3 million in 2018, the same year Formula 1 driver-turned-developer Eddie Irvine completed the house.
The adjacent residence at 206 West San Marino Drive is being sold as a demolition. The 4,300-square-foot home sits on a 0.2-acre lot and was built in 1955. In December 2021, a trust in the name of Yanina Sapir bought the property for just over $11 million.
The same trust also owns newer mansions.
They have a total of 10 bedrooms, 9 bathrooms, 3 1/2 bathrooms on 0.8 acres. The listings show the properties have 150 feet of water frontage where a three-boat dock and lift could be built.
Dora Puig, owner/broker of Luxe Living Realty, is listing the homes together and marketing the old home as land for redevelopment. Puig, who represented the Sapirs when they acquired a new mansion in 2018, laid out the teardown when Yanina filed for divorce last year.
For its part, the teardown is now asking $12.9 million. The mansion is on the market for $41.1 million.
Alex Sapir, son of the late Sapir Organization founder Tamir Sapir, developed Arte, a luxury boutique condo project in Surfside, north of Miami Beach. In January, Sapir and his partner Giovanni Fasciano sold a unit in Arte for $17 million, or about $2,400 a square foot. Ivanka Trump and Jared Kushner are renting it.
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Alex Sapir leads the Sapir Organization and Sapir Corp., both based in New York. He is expected to follow with a major development near Edgewater and Miami’s arts and entertainment district.
The Miami Beach property played a role in Alex and Yanina Sapir’s contentious divorce. A motion filed in January said Alex Sapir had not lived in the main house since Yanina Sapir filed for divorce last April. Her attorney alleges that Alex had the realtor show the principal home without her consent, allegedly deliberately scheduling showings at times when she was not home, and allowing potential buyers “complete and unfettered access to the home.” “.
