Alex Sapir Asks $54M for Waterfront Miami Beach Compound

Developer Alex Sapir is looking to sell his two waterfront Miami Beach homes together, asking $54 million, as he goes through divorce with his wife, Yanina. 

The properties are next to each other on the Venetian Islands. The modern, 7,300-square-foot mansion at 126 West San Marino Drive sits on a 0.4-acre lot. The Sapirs paid $17.3 million for the property in 2018, the year that Formula One driver turned developer Eddie Irvine completed the house. 

The adjacent home at 206 West San Marino Drive is marketed as a teardown. The 4,300-square-foot house sits on a 0.2-acre lot and was built in 1955. A trust in Yanina Sapir’s name paid just over $11 million for the property in December 2021. 

The same trust also owns the newer mansion. 

Combined, they have 10 bedrooms, nine bathrooms, three half-bathrooms and sit on 0.8 acres. The properties have 150 feet of contiguous water frontage, where a three-vessel dock and lift could be built, according to the listing.  

Luxe Living Realty owner/broker Dora Puig is listing the homes together and marketing the older home as land to redevelop. Puig represented the Sapirs in 2018 when they acquired the new mansion, and she listed the teardown when Yanina filed for divorce last year. 

On its own, the teardown is now asking $12.9 million. The mansion is on the market for $41.1 million. 

Alex Sapir, son of the late Sapir Organization founder Tamir Sapir, developed Arte, a luxury boutique condo project in Surfside, north of Miami Beach. In January, Sapir and his partner Giovanni Fasciano sold a unit at Arte for $17 million, or about $2,400 per square foot. Ivanka Trump and Jared Kushner were renting it.

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Alex Sapir heads the Sapir Organization and Sapir Corp., both based in New York. He is expected to next work on a major development near Edgewater and the Arts & Entertainment District in Miami.

The Miami Beach properties have played a role in Alex and Yanina Sapir’s contentious divorce. One motion filed in the case in January alleged that Alex Sapir hadn’t lived at the main home since Yanina Sapir filed for divorce in April of last year. Her attorney alleged that Alex had real estate agents show the main home without her consent, allegedly intentionally arranged the showing for a time when she wouldn’t be home, and allowed potential buyers to “have full and unfettered access to the home.”