S
tar Island, a private enclave that's long been a haven for A-listers, is now home to a stunning new listing: the former waterfront estate of Rosie O'Donnell, currently on the market for $54 million. The property has had several owners since O'Donnell purchased it in 1999 for $6.75 million, including Dr. David Frankel and his wife Linda, who renovated the estate to reflect their love of elegant yet relaxed luxury.

    The Frankels' son, Greg, is now overseeing the sale as he finishes up a temporary stay at the home with his family. The expansive estate sits on roughly an acre and offers around 11,000 square feet of living space, including an eight-bedroom Mediterranean-style main house, two guesthouses, a large pool, and a private dock.

    The property has undergone significant renovations over the years, including the addition of a mango grove and a rooftop terrace overlooking the lush grounds. The Frankels also swapped out Rosie O'Donnell's mounted hammerhead shark for a contemporary art piece above the grand staircase.

    Greg recalls his family's love of the estate, where they spent countless hours splashing in the pool, riding Go Karts around the island, and even catching lobsters. However, he notes that some potential buyers may choose to raze the property and build something larger, as is a trend across Star Island.

    "This is a generational opportunity to secure a waterfront compound that offers not just a residence, but a lifestyle surrounded by Miami's most notable figures in the heart of the city," says listing agent Liz Hogan of Compass. The Miami-area luxury market has been extremely active, with prices on Star Island soaring in recent years. Nearby, billionaire Ken Griffin has been snapping up properties on the island, joining the ranks of stars like Gloria Estefan and Shaquille O'Neal who have also called Star Island home.

    The sale of this property is not the only notable real estate transaction involving Rosie O'Donnell in Florida; she previously sold her West Palm Beach pad in 2016 near Donald Trump's Mar-a-Lago estate.