Developer Moishe Mana has put a waterfront property on the Venetian Islands back on the market, listing it for $25 million. The 0.6-acre site at 851 North Venetian Drive in Miami is being marketed by Julian Johnston and Eric Kaufman of the Corcoran Group.
Mana assembled the double lot over several years, purchasing one parcel for $3.3 million in 2013 and another for $5.2 million in 2016, later combining them into a single property with 175 feet of water frontage. The listing includes conceptual plans by architect Kobi Karp.
According to Johnston, Mana decided not to pursue building a new house on the site due to his focus on other development projects. “We’ve seen the volume of sales for vacant land go up in recent months,” Johnston said, referencing increased activity for single-family waterfront sites in Miami Beach and similar markets. He also noted that double lots like this are becoming more difficult to find on the Venetian Islands.
The property was previously listed at $30 million but did not sell.
Mana holds significant real estate interests across Miami, including large portfolios in downtown Miami, Wynwood, and Allapattah. In September, he expanded his holdings with a $25.5 million purchase of a development site in Wynwood and secured $150 million in refinancing for 56 properties surrounding his Mana Wynwood Convention Center at 318 Northwest 23rd Street.
Mana resides near Boca Raton.
Recent transactions involving waterfront properties nearby include Jeff Franklin’s sale of a lot at 1232 South Venetian Way for $10.3 million earlier this year—Johnston was involved in that deal as well—and Tom Mooser’s sale of his home at 315 East Rivo Alto Drive for $14.3 million in September.
