Star Island just made headlines again—this time with a $120 million sale that’s turning heads for more reasons than one.
Russian billionaire Vladislav Doronin, developer and owner of Aman Resorts, has reportedly sold his luxurious Star Island estate in an off-market deal to an LLC tied to tech entrepreneur Michael Ferro. This sprawling waterfront mansion once belonged to NBA legend Shaquille O’Neal and includes eight bedrooms, a private dock, and a tennis court—everything you'd expect from one of Miami’s most exclusive properties.
But here’s the twist: despite its jaw-dropping features, there’s talk that the mansion may be demolished.
That’s right. The new buyer may choose to tear down the home and rebuild something even more extravagant—an increasingly common trend among ultra-wealthy buyers who prioritize location over legacy.
🌴 Star Island's Ongoing Allure
Star Island is no stranger to the spotlight. Known for its celebrity residents and elite status, it remains a magnet for billionaire buyers looking for privacy, prestige, and prime waterfront real estate. With only 30+ homes on the island, properties rarely hit the open market—making this off-market deal even more noteworthy.
🔥 Miami’s Luxury Market Is Still Booming
While Florida’s broader housing market shows signs of cooling, Miami’s ultra-luxury segment is on fire. This $120M transaction not only sets a new price record—it confirms the city's position as a global hotspot for luxury real estate investment.
Vladislav Doronin’s influence on Miami doesn’t end with this sale. His OKO Group is actively transforming the city’s skyline through developments like 830 Brickell, now home to big names like Citadel, Microsoft, and Santander Bank.
📈 A City That Redefines High-End Living
This headline-grabbing deal reflects a wider movement: tech entrepreneurs, CEOs, and international investors continue pouring into South Florida, drawn by its no-state-income-tax advantage, growing economy, and unmatched lifestyle offerings.
From Palm Beach to Coconut Grove and of course, Star Island—Miami continues to lead the charge in redefining what luxury living looks like in the U.S.