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waterfront home in Miami Beach's Venetian Islands has sold for $22.8 million, marking a significant transaction during the real estate market's busy season. The property at 40 West San Marino Drive was sold by Scott Reynolds and Doreane DiGiacomo to KC Property Holdings, a Delaware entity, although the true buyer remains unknown. Julian Johnston of the Corcoran Group had the listing, while Karen Stauber with Coldwell Banker Realty's Jills Zeder Group represented the buyer.

    Reynolds, who previously worked as a broker with Spartan Securities from 2005 to 2019, purchased the property in 2016 for $6.1 million and built a 5,000-square-foot house on it in 2020. The home features five bedrooms, four bathrooms, a pool, and a dock, designed by Miami-based architecture firm Choeff Levy Fischman.

    The couple initially listed the house for $26.5 million in 2023 before reducing the price to $23.9 million and then withdrawing it from the market. They relisted the property at $23.5 million earlier this month and sold it on the same day. Reynolds and DiGiacomo have since purchased a waterfront home on Miami Beach's Palm Island for $7 million.

    This sale follows several high-profile transactions in the Venetian Islands, including Colgate Darden IV's sale of a waterfront home for $15.5 million earlier this month and Shark Tank investor Rohan Oza's purchase of a waterfront house for $13.5 million last month.