By Ray Parisi, CNBC •
Updated 28 mins ago
Lifestyle Production Group / The Jills Zeder Group
Villa Magnolia has a $35 million asking price, which makes it the most expensive single-family home for sale in the exclusive Bal Harbor Village section of Miami Beach.
The two-story residence has eight bedrooms, 11 baths and more than 12,800 square feet of living space.
The listing agent, Jill Hertzberg of The Jills Zeder Group, said its location helps to make it so valuable. It was built on the northern tip of Miami Beach, nestled between the Atlantic Ocean and the Biscayne Bay.
Its gated community has its own police force.