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Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million

Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer, Now Listed For $40 Million

March 9, 2018

The infamous 5 Star Island sits on the globally recognized Star Island, one of the most prestigious private islands in Miami Beach with residents like Stuart Miller, Phillip and Patricia Frost, and Gloria and Emilio Estefan. The storied property, which is one of the largest real estate sites on Miami Beach, just listed for $40 million. Known as 5 Star, the eccentric estate is an elaborate party mansion that spans 17,000 SF of living area complete with 13 bedrooms, 12 full bathrooms over the entire 2 acre gated property which offers spectacular views of Biscayne Bay, PortMiami and Downtown Miami. 

The main house is a 3 bedroom 4 bathroom party manse filled with exotic and eccentric design throughout. The home was custom tailored complete with stripper poles on the dining room table, a 10,000 bottle wine cellar, movie theater, Crestron system, spa, gym, a lavish master-suite complete with a stone-lined master-bath, a balcony with an outdoor tub overlooking Biscayne Bay, a 14 car garage, and is rumored to have even have a missile silo built in. 

Outside features a large driveway and motor-court in the front while out back offers views of the Miami Skyline, a party ready pool, outdoor lounges with summer kitchen, and 200' of waterfront docking for a yacht. The property also features multiple guest houses and separate private office space.

4 and 5 Star Island is now listed for $40 million with Brett Harris of Douglas Elliman. The Lots can also be sold separately. In recent years 5 Star Island has been used for a number of business ventures including events and for rent offered by Douglas Elliman.

In August 2017 PROFILEmiami reported that Verena von Mitschke-Collande and Claudia Miller-Otto had won 4 and 5 Star Island from Thomas Kramer via court-ordered auction. Kramer played an integral role in the redevelopment of South Beach including Portofino Tower before he lost a $90 million settlement in Swiss Courts in 2003 in a legal battle that has continued to play out for decades. 

Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million
Tour 5 Star Island, The Legendary Former Estate of South Beach Icon, Developer & Playboy Thomas Kramer Now Listed For $40 Million

Photos via Douglas Elliman

In Celebrity Real Estate, Featured Listing, Luxury Homes, Miami Beach, News, South Beach Tags 5 Star Island, 5 Star, 4 Star Island, Thomas Kramer, News, Brett Harris, Star Island, Luxury Real Estate, Featured Listings, Featured, South Beach, Miami Beach, Douglas Elliman, Celebrity Homes
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