Location Ventures Single-Family home project: 8325 Cheryl Lane was featured in South Florida Business Journal article titled “Location Ventures sells newly built mansion for $12M. Cheryl Lane is a luxury personal resort located in Ponce Davis, Miami, and designed by CMA Design Studio. This truly exceptional, high-quality residence embodies the South Florida lifestyle, sold in May 2021 for a record-breaking $11.8M for a non-waterfront lot. Spanning two floors, the home features 6 bedrooms, including a master suite and three guest suites, 7 bathrooms, 3 half bathrooms, a media room, and a suite of thoughtful amenities. A singular blend of the natural environment and sophisticated timeless design, Cheryl Lane offers residents the ultimate personal resort in a private setting.
From the article:
Location Ventures sold a spec mansion for $11.8 million it developed in the Ponce Davis neighborhood of Miami-Dade County.
Ponce Davis is an unincorporated area between Coral Gables and Pinecrest. Homes that aren’t on the water in this area rarely sell for over $10 million, but property prices have increased and this is new construction.
The 10,264-square-foot home at 8325 Cheryl Lane was sold by 8325 Cheryl Lane LLC, managed by Rishi Kapoor of Miami-based Location Ventures, to Tarigh Yusufi. Bank of America provided a $6.8 million mortgage to the buyer. Yusufi is an executive at Steadfast Capital Management in New York.
Situated on a 38,768-square-foot lot, the home was designed by CMA Design Studio, with landscaping by L&ND Design and a smart home system by HEDsouth. It features six bedrooms, seven bathrooms, three half-bathrooms, a pool, a summer kitchen, a wine room, a media room with a wet bar, a gym, a hammam spa with a steam room, a study, a fire pit, a balcony, and a four-car garage.
In addition to building spec homes, Location Ventures is developing the Villa Valencia condo in Coral Gables and the Urbin co-living and co-working project in Miami Beach. It also owns the Forum coworking space in Coral Gables.
Read more from the South Florida Business Journal article HERE
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