ONE Sotheby’s International Realty Sells Sports Great’s $30 Million Miami Mansion

Mayi de la Vega’s sale among highest ever recorded in Miami Beach

MIAMI - May 24, 2013 - (BUSINESS WIRE) - Mayi de la Vega and Arlene Susy Dunand of ONE Sotheby’s International Realty ? South Florida’s fastest growing luxury real estate firm that dominates the ultra luxury home market ? today announced that they represented baseball icon Alex Rodriguez in the sale of his $30 million estate at 4358 North Bay Road in Miami Beach. The transaction closed on May 24, and was the highest sale price ever on the prestigious North Bay Road and one of the biggest sales on record in Miami Beach.

“The demand for trophy homes worldwide, especially those contemporary in design, has never been greater,” said de la Vega, CEO and Founder/Estate Agent of ONE Sotheby’s International Realty, which has more than 300 agents across South Florida catering to the discerning needs of celebrities, CEOs and the international elite. “Alex’s home, with its stunning all glass design, natural coral rock and sleek white oaks floors, is a shining example of the modern architectural style that is very much in vogue today among affluent buyers.”

Located on one of Miami Beach’s most desirable streets, North Bay Road, the home is a modern masterpiece with uninterrupted views of Miami’s skyline and Biscayne Bay, featuring two docks and 275 feet of water frontage. The gated estate offers 19,861 square feet of living space, including nine bedrooms, 11 full and two half bathrooms, a gourmet kitchen and a four-car garage.

The home was custom built in 2011 by Rodriguez’s Newport Property Construction, Ltd., which specializes in luxury home and office space development, and features a home theater with surround sound throughout, covered terraces, a vanishing-edge heated pool, outdoor kitchen and rooftop deck, amidst lush landscaping and Zen gardens. A stand-alone gym and 3,000-square-foot sports room, sauna and steam room, and a separate guest house also grace the 48,160-square-foot property.

As the fastest growing luxury real estate brokerage firm in South Florida, ONE Sotheby’s International Realty has eight offices in Fort Lauderdale, Coral Gables, Miami Beach, Sunny Isles, Aventura, Brickell and Key Biscayne, and has recruited more than 300 agents in just five years. In 2012, ONE Sotheby’s International Realty achieved sales of more than $1.3 billion and was involved in six of Miami-Dade County’s 10 largest transactions last year, which ranged from $13.8 million to $47 million. Led by CEO Mayi de la Vega, the firm realized a 30 percent growth year-over-year from 2011 and holds the majority market share of properties sold for over $1 million.

For more information, please visit www.onesothebysrealty.com.

About Sotheby's International Realty Affiliates, Inc.

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

Contacts:

Kreps DeMaria
Sissy DeMaria
305-663-3543
sdemaria@krepspr.com

Suzanne Schmidt
305-663-3543
sschmidt@krepspr.com

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