A former vice president of Royal Caribbean, Brad Miller, and his wife, Jill, purchased a waterfront home on the Venetian Islands for $17.3 million in a deal completed within three months of listing, according to property records released Mar. 27.
The sale is part of a recent trend of high-value transactions on the Venetian Islands, highlighting continued demand for luxury properties in the area. Developer Humberto Ramirez said buyers at this price level are seeking custom homes with upscale finishes rather than speculative builds. “Buyers in this price range know exactly what they want,” Ramirez said.
The Millers acquired a six-bedroom house spanning 6,500 square feet at 1041 North Venetian Drive. The home was developed by Ramirez and completed late last year on a 9,000-square-foot lot. Both Ramirez and Eddy Rengifo from Avanti Way Realty listed the property, while Julian Johnston from the Corcoran Group represented the buyers.
Other notable deals include Miami-based chiropractor Amir Kermani’s purchase of a vacant waterfront lot at 1230 South Venetian Way for $10.3 million after selling his previous residence for $25 million earlier in March. Johnston also represented Kermani in both transactions as well as the seller on the lot.
Additionally, Fred Mann sold his five-bedroom house at 1001 North Venetian Drive to a Delaware limited liability company for $10.5 million—about 19 percent below asking price—but still significantly above its previous sale price of $6.2 million in 2021.
In another transaction this month, a double-lot waterfront property on Di Lido Island sold for $24.5 million and is approved for an expansive new mansion featuring six bedrooms along with multiple amenities.
