Vlad Doronin Just Shattered Real Estate Records
Another day, another jaw-dropping Miami real estate deal. But this one is different…
Russian billionaire Vladislav Doronin just offloaded his Star Island mansion for an eye-watering $120 million—the most expensive residential sale in Miami-Dade history.
This isn’t just another luxury property changing hands. This is a statement. Miami isn’t just competing with New York and Los Angeles anymore. It’s outpacing them, fueled by an influx of billionaires, hedge fund bosses, and global tycoons planting their flags in the Sunshine State.
A Mansion With a Billionaire’s Touch
Doronin, best known as the real estate mogul behind OKO Group and the Aman Resorts empire, bought the Star Island estate in 2009 for a mere $16 million. A decade later, he turned it into a palace worthy of royalty.
Sitting on 2.5 acres of prime waterfront land, the estate features eight bedrooms, nine bathrooms, a sprawling pool, a private dock, and even a tennis court.
The level of luxury here isn’t just high—it’s stratospheric. The kind of place where billionaires go to escape other billionaires.
This property also has some serious celebrity history. Before Doronin, it belonged to none other than NBA legend Shaquille O’Neal, adding another layer of prestige to the estate’s legacy.
Who Just Dropped $120 Million on a Mansion?
The buyer is as mysterious as the sale itself. Records show the property was snapped up by Constellation Drive LLC, an entity linked to healthcare technology entrepreneur Michael Ferro.
Ferro, who made his fortune in media and tech, clearly wasn’t afraid to shell out for one of Miami’s most exclusive addresses.
But here’s the twist—rumors are swirling that the new owner might demolish the entire estate to build something even grander. When you’ve got hundreds of millions to burn, sometimes even a billionaire’s playground isn’t good enough.
Star Island: The Billionaire’s Playground
If you’re looking for the most exclusive address in Miami, Star Island is it.
Home to just 30 ultra-luxurious properties, this man-made island off the coast of Miami Beach has long been a magnet for the world’s wealthiest.
Residents have included Gloria Estefan, Jennifer Lopez, and Sean “Diddy” Combs. Even billionaire hedge fund manager Ken Griffin, who has been snapping up properties like trading cards, has set his sights on the island.
Doronin’s record-breaking sale only cements Star Island’s reputation as Miami’s answer to Beverly Hills—but with better ocean views and no state income tax.
Miami’s Real Estate Market Is on Fire
This sale isn’t happening in a vacuum. Miami’s ultra-luxury market has been on a relentless tear, with billionaires and business titans flocking to Florida for its tax advantages, pro-business policies, and unbeatable lifestyle.
The proof? Doronin himself is doubling down on Miami real estate. His OKO Group is behind 830 Brickell, Miami’s first premier Class A+ office tower in over a decade. The tower has already attracted elite tenants like Citadel, Microsoft, and Santander, proving that Miami is no longer just a playground—it’s a financial powerhouse in the making.
What Does This Means for the Future of Luxury Real Estate?
Doronin’s $120 million sale is more than just a headline—it’s a signal.
Miami isn’t the next big thing anymore. It is the big thing.
The billionaires have spoken, and they’re choosing the Magic City over Manhattan. With limited inventory and sky-high demand, this record might not stand for long.
One thing’s for sure—if you thought Miami’s real estate market was cooling off, think again. The ultra-wealthy aren’t just moving in. They’re taking over.
