The Miami-based Sabal Development has sold a modern 5-story luxury residential apartment building they recently developed on Miami Beach’s Isle of Normandy for $13.5 million. Located at 1930 Bay Drive, Miami Beach, the newly-constructed building offers stunning waterfront views of Biscayne Bay.
Dora Puig of The Dora Puig Team represented the seller, Pascal Nicolai, founder and CEO of Sabal Development and Sabal Luxury Builder. The buyers were Jason and Amanda D’Herin.
The building features four elegant apartments with expansive floor plans, starting at 2,551 square feet of living space. Each apartment offers three bedrooms, three bathrooms, and one half-bathroom. Open views of Biscayne Bay permeate each residence’s principal suite through floor-to-ceiling windows.
Reflecting the chic outdoor Miami lifestyle, each residence features a delightfully finished rooftop deck complete with a wet bar, in addition to spacious terraces. The building features a ground level garage, as well as a relaxing outdoor pool.
“We are very pleased to close on this exquisite waterfront apartment building on the stylish Isle of Normandy for $13.5 million,” said Nicolai. “It provides stylish, contemporary residences for those who love the best of Miami: sun, water and an urban setting.”
Sabal Development has made a name for themselves as a vertically integrated developer and builder with over $130 million in luxury custom-built home sales in 2021. Led by Pascal Nicolai, who has more than 30 years of experience in the industry with completed projects in Europe and the U.S., Sabal Development is currently developing a modern office/ retail mixed use commercial building on Alton Road in Miami Beach and has developed a large portfolio of luxury properties including several homes on Palm Island and the Venetian Islands as well as Miami Beach and Palm Beach.
