See inside this $170 million Miami Beach compound, with three houses and a private park, that's on the market as the most expensive home for sale in Florida

Sarah JacksonJul 30, 2022, 21:24 IST

Courtesy of The Jills Zeder Group/1 Oak Studios

The most expensive home for sale in Florida right now has a $170 million price tag.
The 125,000-square-foot estate consists of four lots on an exclusive island in Miami Beach and has never before hit the market.

A massive waterfront estate in Miami Beach, Florida, is setting two precedents right now.

For one thing, it's hitting the market for the first time now, even though it was built in the 1930s. But most notably, with a price tag of $170 million, it's the most expensive home for sale in the Sunshine State right now.

18 La Gorce Circle is on an uber-exclusive island in Miami Beach that's home to around 60 homes. The massive compound is comprised of three houses and a private park. It is more than 125,000 square feet and boasts 12 bedrooms, 16 full bathrooms, and nine partial bathrooms.

Take a look inside the extravagant megamansion:

Look for the most expensive homes for sale in the US right now, and you'll find at least one of them in Florida.

Courtesy of The Jills Zeder Group/1 Oak Studios

That property would be 18 La Gorce Circle in Miami Beach.

Courtesy of The Jills Zeder Group/1 Oak Studios

Though the oldest structures on the compound date back to 1936, this is the first time it's ever hit the market. With a price tag of $170 million, it sure is making a splashy debut.

Courtesy of The Jills Zeder Group/1 Oak Studios

Though the oldest structures on the compound date back to 1936, this is the first time it's ever hit the market. With a price tag of $170 million, it sure is making a splashy debut.

If it sells for that price, it'll be Florida's most expensive home sale ever.

Courtesy of 1 Oak Studios/The Jills Zeder Group

It's on the exclusive, guard-gated La Gorce Island, which is in Miami Beach, and has 600 feet of waterfront property.

Courtesy of The Jills Zeder Group/1 Oak Studios

There are approximately 60 homes on the island, roughly half of which are on the waterfront.

Courtesy of The Jills Zeder Group/1 Oak Studios

It's "the largest assemblage of land currently available for purchase" in Miami Beach, according to its listing.

Courtesy of The Jills Zeder Group/1 Oak Studios

"Scarcity of land has the value of land escalating in South Florida," says Jill Hertzberg, the compound's other listing agent, also of The Jills Zeder Group. "A discerning buyer, who desires to own a large piece in a landscape that is mostly single lots, has the opportunity for a grand estate, potentially multiple homes or two very large pieces. Normally, a buyer would need to coordinate different sellers and get an agreement by all of them to put together a piece as extraordinary as this one."

Courtesy of The Jills Zeder Group/1 Oak Studios

"Scarcity of land has the value of land escalating in South Florida," says Jill Hertzberg, the compound's other listing agent, also of The Jills Zeder Group. "A discerning buyer, who desires to own a large piece in a landscape that is mostly single lots, has the opportunity for a grand estate, potentially multiple homes or two very large pieces. Normally, a buyer would need to coordinate different sellers and get an agreement by all of them to put together a piece as extraordinary as this one."

This estate consists of four adjacent waterfront properties at 16, 18, 22, and 24 La Gorce Circle. It is roughly 125,161 square feet, or nearly three acres.

Courtesy of The Jills Zeder Group/1 Oak Studios

There are houses on three of the parcels, each of which has its own private dock. All told, the compound has 12 bedrooms, 16 full bathrooms, and nine partial bathrooms.

Courtesy of The Jills Zeder Group/1 Oak Studios

Here's the first: 16 La Gorce Circle.

Courtesy of The Jills Zeder Group/1 Oak Studios

It has an expansive driveway to accommodate several cars.

Courtesy of The Jills Zeder Group/1 Oak Studios

It's a two-story home.

Courtesy of The Jills Zeder Group/1 Oak Studios

It has five bedrooms, including this one with a ceiling mural...

Courtesy of The Jills Zeder Group/1 Oak Studios

...as well as seven full bathrooms and three half bathrooms.

Courtesy of The Jills Zeder Group/1 Oak Studios

Here's the kitchen...

Courtesy of The Jills Zeder Group/1 Oak Studios

...the living room...

Courtesy of The Jills Zeder Group/1 Oak Studios

...and the dining room.

Courtesy of The Jills Zeder Group/1 Oak Studios

There are also two rooms...

Courtesy of The Jills Zeder Group/1 Oak Studios

...fit for use as offices or studies.

Courtesy of The Jills Zeder Group/1 Oak Studios

Outdoors, you'll find a pool and cabana.

Courtesy of The Jills Zeder Group/1 Oak Studios

All told, 16 La Gorce Circle boasts five bedrooms, seven full bathrooms, and five half bathrooms.

Courtesy of The Jills Zeder Group/1 Oak Studios

The middle property is much smaller.

Courtesy of The Jills Zeder Group/1 Oak Studios

It's, you guessed it, 18 La Gorce Circle.

Courtesy of The Jills Zeder Group/1 Oak Studios

Of course, it's still bigger than an average US home.

Courtesy of The Jills Zeder Group/1 Oak Studios

It has two bedrooms, two full bathrooms, and one half bathroom.

Courtesy of The Jills Zeder Group/1 Oak Studios

There's also a guest house and a 5,000-bottle wine cellar, which was converted from a garage.

Courtesy of The Jills Zeder Group/1 Oak Studios

Now for pool #2:

Courtesy of The Jills Zeder Group/1 Oak Studios

From the pool, you'll find sweeping views of the downtown Miami skyline and nearby Biscayne Bay.

Courtesy of The Jills Zeder Group/1 Oak Studios

And here we have the third and final home on the estate: 22 La Gorce Circle.

Courtesy of The Jills Zeder Group/1 Oak Studios

With its manicured lawn, it has more greenery than the first two homes.

Courtesy of The Jills Zeder Group/1 Oak Studios

What else is unique to this third home?

Courtesy of The Jills Zeder Group/1 Oak Studios

Its movie theater, complete with posters of classic films.

Courtesy of The Jills Zeder Group/1 Oak Studios

The sunset from the most expensive home currently for sale in Florida, 18 La Gorce Circle in Miami Beach

Courtesy of The Jills Zeder Group/1 Oak Studios

This home appears to have the most modern interior design of the three houses.

Courtesy of The Jills Zeder Group/1 Oak Studios

Here, you'll find more massive windows overlooking the water.

Courtesy of The Jills Zeder Group/1 Oak Studios

The estate's fourth and final parcel, 24 La Gorce Circle, is where you'll find the private park.

Courtesy of The Jills Zeder Group/1 Oak Studios

It has a French name: Domaine de la Paix et de l'Amour. In English, that's "the realm of peace and love."

Courtesy of The Jills Zeder Group/1 Oak Studios

The park is dotted with fountains and statues.

Courtesy of The Jills Zeder Group/1 Oak Studios

It also has a marble gazebo facing the bay.

Courtesy of The Jills Zeder Group/1 Oak Studios

Its greenery includes various flowers and shrubs, as well as palm, oak, and banyan trees.

Courtesy of The Jills Zeder Group/1 Oak Studios

As with each of the three homes on the estate, the park also comes with its own private dock.

Courtesy of The Jills Zeder Group/1 Oak Studios

As for the estate's history, the compound previously belonged to a late doctor, entrepreneur, and philanthropist named M. Lee Pearce, who built and owned hospitals, other medical facilities, and banks.

Courtesy of The Jills Zeder Group/1 Oak Studios

As for the estate's history, the compound previously belonged to a late doctor, entrepreneur, and philanthropist named M. Lee Pearce, who built and owned hospitals, other medical facilities, and banks.

Pearce first bought the two-bedroom home, 18 La Gorce Circle, in 1983. He paid $550,000 for it, a far cry from the current asking price.

Courtesy of The Jills Zeder Group/1 Oak Studios

He went on to purchase the three other lots in the late 1980s.

Courtesy of The Jills Zeder Group/1 Oak Studios

At the time, there was a home on the fourth lot.

Courtesy of The Jills Zeder Group/1 Oak Studios

Pearce had that fourth home torn down to build the private park. He used the two five-bedroom homes on the compound for entertaining and as staff quarters.

Courtesy of The Jills Zeder Group/1 Oak Studios

He renovated 16 La Gorce Circle around 2010 and subsequently moved in. He lived on the estate until his passing in 2017.

Courtesy of The Jills Zeder Group/1 Oak Studios

Now, it remains to be seen who will be the compound's next owner. "It is a unique opportunity for a buyer who would be an end user who desires a piece of paradise with endless possibilities on a wonderful island that is exclusive but close to all major amenities of a large international city," said Eber. "For a developer, it opens up many possibilities pending zoning and development approvals from the city."

Courtesy of The Jills Zeder Group/1 Oak Studios

Now, it remains to be seen who will be the compound's next owner. "It is a unique opportunity for a buyer who would be an end user who desires a piece of paradise with endless possibilities on a wonderful island that is exclusive but close to all major amenities of a large international city," said Eber. "For a developer, it opens up many possibilities pending zoning and development approvals from the city."

"This is a prized, trophy compound that many of the most discerning buyers have been waiting for years to come onto the market," said Hertzberg. "This is truly a once-in-a-lifetime opportunity to live in one of the most beautiful locations in South Florida."

Courtesy of The Jills Zeder Group/1 Oak Studios

"This is a prized, trophy compound that many of the most discerning buyers have been waiting for years to come onto the market," said Hertzberg. "This is truly a once-in-a-lifetime opportunity to live in one of the most beautiful locations in South Florida."

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See inside this $170 million Miami Beach compound, with three houses and a private park, that's on the market as the most expensive home for sale in Florida

Look for the most expensive homes for sale in the US right now, and you'll find at least one of them in Florida.

That property would be 18 La Gorce Circle in Miami Beach.

Though the oldest structures on the compound date back to 1936, this is the first time it's ever hit the market. With a price tag of $170 million, it sure is making a splashy debut.

If it sells for that price, it'll be Florida's most expensive home sale ever.

It's on the exclusive, guard-gated La Gorce Island, which is in Miami Beach, and has 600 feet of waterfront property.

There are approximately 60 homes on the island, roughly half of which are on the waterfront.

It's "the largest assemblage of land currently available for purchase" in Miami Beach, according to its listing.

This estate consists of four adjacent waterfront properties at 16, 18, 22, and 24 La Gorce Circle. It is roughly 125,161 square feet, or nearly three acres.

There are houses on three of the parcels, each of which has its own private dock. All told, the compound has 12 bedrooms, 16 full bathrooms, and nine partial bathrooms.

Here's the first: 16 La Gorce Circle.

It has an expansive driveway to accommodate several cars.

It's a two-story home.

It has five bedrooms, including this one with a ceiling mural...

...as well as seven full bathrooms and three half bathrooms.

Here's the kitchen...

...the living room...

...and the dining room.

There are also two rooms...

...fit for use as offices or studies.

Outdoors, you'll find a pool and cabana.

All told, 16 La Gorce Circle boasts five bedrooms, seven full bathrooms, and five half bathrooms.

The middle property is much smaller.

It's, you guessed it, 18 La Gorce Circle.

Of course, it's still bigger than an average US home.

It has two bedrooms, two full bathrooms, and one half bathroom.

There's also a guest house and a 5,000-bottle wine cellar, which was converted from a garage.

Now for pool #2:

From the pool, you'll find sweeping views of the downtown Miami skyline and nearby Biscayne Bay.

And here we have the third and final home on the estate: 22 La Gorce Circle.

With its manicured lawn, it has more greenery than the first two homes.

What else is unique to this third home?

Its movie theater, complete with posters of classic films.

The sunset from the most expensive home currently for sale in Florida, 18 La Gorce Circle in Miami Beach

This home appears to have the most modern interior design of the three houses.

Here, you'll find more massive windows overlooking the water.

The estate's fourth and final parcel, 24 La Gorce Circle, is where you'll find the private park.

It has a French name: Domaine de la Paix et de l'Amour. In English, that's "the realm of peace and love."

The park is dotted with fountains and statues.

It also has a marble gazebo facing the bay.

Its greenery includes various flowers and shrubs, as well as palm, oak, and banyan trees.

As with each of the three homes on the estate, the park also comes with its own private dock.

As for the estate's history, the compound previously belonged to a late doctor, entrepreneur, and philanthropist named M. Lee Pearce, who built and owned hospitals, other medical facilities, and banks.

Pearce first bought the two-bedroom home, 18 La Gorce Circle, in 1983. He paid $550,000 for it, a far cry from the current asking price.

He went on to purchase the three other lots in the late 1980s.

At the time, there was a home on the fourth lot.

Pearce had that fourth home torn down to build the private park. He used the two five-bedroom homes on the compound for entertaining and as staff quarters.

He renovated 16 La Gorce Circle around 2010 and subsequently moved in. He lived on the estate until his passing in 2017.

"This is a prized, trophy compound that many of the most discerning buyers have been waiting for years to come onto the market," said Hertzberg. "This is truly a once-in-a-lifetime opportunity to live in one of the most beautiful locations in South Florida."