Jay R. Schreibman aims to flip his Miami home for $17.2M
That said, Ferrari Challenge driver Jay R. Schreibman is trying for an impressive Miami spec house flip, Gimme Shelter has learned. He's listing his modern manse for $17.2 million — roughly three months after shelling out $14.5 million for the home on April 10.
Schreibman is area chairman for Gallagher, an Illinois-based insurance brokerage and risk management services firm. He bought the residence from developer Alex Pirez, who had plunked down $2 million for the land in 2020, according to property records.
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9 An aerial of the handsome home, which comes with a tree-shaded pool.
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9 The chic entertaining room opens to the outdoors.
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9 The open chef's kitchen.
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9 A well-lit dining area.
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9 Room for a home office.
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9 One of the cozy bedroom retreats on offer.
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'Jay has done some work to the house and he is selling it fully furnished,' a spokesperson said.
The Ferrari Challenge, launched in 1993, caters to Ferrari owners who want to race their cars. The first North American series launched in 1994.
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9 The outdoor entertaining areas are equally as chic.
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9 The covered outdoor kitchen.
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9 The delightful pool has plenty of space for lounging.
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The handsome home is at 4820 SW 86th Terrace and was built last year in the Ponce-Davis neighborhood. It was designed by SAOTA, an award-winning international architecture firm. At 9,000 square feet, it features a modern design for indoor/outdoor living — on .87 acres. Inside there are five bedrooms, five baths and two powder rooms.
Floor-to-ceiling glass windows showcase the views and let in abundant light. The home boasts a chef's kitchen that connects to an open/dining area, while the main bedroom suite overlooks the grounds and outdoor lounges.
Outside, there's a pool, a summer kitchen and resort-style spaces for entertaining.
'It's such a special house — an architectural design that we haven't seen before, with so much wood and natural light, and it's great for entertaining, with sliding doors that completely open to the outside, for a full indoor/outdoor entertaining lifestyle,' said Compass broker Maurice Boschetti.
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