The definition of luxury in the South Florida real estate market continues to shift dramatically. The world’s elite are moving beyond standard penthouses and standalone villas, choosing instead to invest in massive, resort-style family compounds. Answering this exact demand is “Sunset Estates,” a newly finalized private compound located in Miami Beach’s highly exclusive, guard-gated Sunset Islands, which has just hit the market for a staggering $110 million.
Miami Listings
Spanning roughly three-quarters of an acre, this unique estate offers a combined 187 feet of pristine water frontage. Rather than offering a traditional layout of a main house coupled with a small guest cottage, Sunset Estates consists of two massive, independent waterfront residences. The property was masterfully integrated to serve as a singular, cohesive sanctuary, providing the ultimate balance of communal space and absolute privacy for family, high-profile guests, or dedicated staff.
The compound took several years to realize. Renowned Miami developer Todd Michael Glaser partnered with architect Kobi Karp to construct the primary residence, which was finished around 2020. Investor Jason Wright bought the home in 2021 for $18.5 million, according to The Wall Street Journal. Seeing an opportunity for expansion, Wright purchased the adjoining property the following year for $14 million. He subsequently tore down the existing structure to build a matching, state-of-the-art second home, officially finalizing the entire multi-structure compound in 2025.
Together, the two “tropical-modern” properties offer eight bedrooms and an array of top-tier amenities. Designed with 12-foot ceilings, rich Brazilian wood accents, raw concrete elements, and floor-to-ceiling glass walls, the architecture seamlessly blends indoor and outdoor living.
The primary home covers approximately 8,600 square feet, offering six bedrooms, an executive home office, and an integrated bar. It is outfitted with comprehensive smart-home technology, an elevator, and a covered parking area capable of housing more than 10 vehicles. The primary suite mimics a luxury resort, boasting dual walk-in closets, a spa-inspired bathroom, and an open-air outdoor shower. Meanwhile, the secondary house includes two bedrooms, a full kitchen, a professional-grade gym overlooking the water, an executive conference room, and a massive garage.
Outside, the resort-like grounds feature curated tropical landscaping, an Olympic-length lap pool, a hot tub, and two separate deep-water boat docks. Despite its profound privacy, the estate sits just minutes away from Miami’s premier retail, fine dining, and downtown districts. The listing is currently held by Ana Teresa Rodriguez of Coldwell Banker.
The jaw-dropping $110 million asking price reflects Miami’s ongoing evolution into a premier global hub for tech and finance titans. Billionaires continue to inject unprecedented capital into South Florida’s ultra-luxury sector. For instance, Google co-founder Larry Page has poured an estimated $188 million into local properties, while Meta CEO Mark Zuckerberg recently dropped $170 million on an estate in Indian Creek Island. Former Google CEO Eric Schmidt has similarly concentrated his wealth in the area, spending roughly $114 million on a real estate portfolio across the Sunset Islands alone since 2020.
This article is rewritten from an original report by Abby Montanez for Robb Report.
