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Built in 2021, the waterfront home spans 6,400 sf
Bahamian casino mogul Sebastian Bastian has sold his Venetian Islands home in Miami for $28.3 million.
Records show Diamond Seafront Group LLC, a Florida entity managed by Bastian, sold the home at 830 West Dilido Drive to a trust named for the address. Miami attorney Mark S. Meland signed on behalf of the trust. The actual buyer is unknown.
Bastian is the CEO of Island Luck, one of the Bahamas’ largest online casino, lottery and sportsbook. In March, he was appointed ambassador to the Central American Integration System on behalf of the Bahamas, according to Eyewitness News Bahamas.
Chad Carroll and Eli Faitelson of Carroll Group of Compass had the Di Lido Island listing. Inside Network’s Jaime Blatt brought the buyer. He declined to comment on the deal.
Bastian bought the 0.3-acre property for $7.8 million in 2019, records show. He tore down the existing house that year and commissioned DOMO Architecture + Design to draw up plans for the nearly 6,400-square-foot, five-bedroom, five-bathroom, two-half-bathroom home. Construction was completed in 2021, according to property records. The home spans three stories and includes a pool and spa, according to developer Todd Glaser’s project profile.
This sale marks a recent high for beachfront prices in the Venetian Islands. The island neighborhood has proven popular over the past three years, with pandemic migration boosting demand and prices for luxury beachfront properties.
Last month, a cyber security chief bought a house for $26 million from builder Barry Brodsky, who bought the property for $10 million the previous year.
The estate of the late retail mogul who founded Topshop sold his Venetian estate for $15 million in an off-market deal in November.
Also in November, acclaimed crime writer and Pulitzer Prize-winning journalist Edna Buchanan sold her house in the Venetian Islands for $12 million.
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