A waterfront mansion on the Venetian Islands in Miami Beach has been rented for $200,000 per month, marking the highest rental price recorded this year in Miami-Dade County. The property, located at 25 East Rivo Alto Drive, spans 9,350 square feet and was leased at its full asking price of more than $21 per square foot.
Property records indicate that the seven-bedroom, seven-bathroom home is owned by Rivo Alto LLC, a Delaware-based company that purchased the estate for $31.5 million in 2022. The listing agent for the rental was Mariana Niro of Serhant. Compass agents Joanna Jimenez and Michelle Cardenas represented the tenant. Niro did not respond to requests for comment, and Compass declined to disclose the tenant’s identity.
The two-story house was built in 2014 on a 0.3-acre lot and features 100 feet of water frontage. Amenities include a pool, hot tub, koi pond, rooftop terrace, chef’s kitchen with wine cellar, gas fire pits, outdoor kitchen with pizza oven, and a master suite. The home was offered furnished with pieces from Artefacto.
This transaction surpasses another Venetian Islands rental earlier this year that closed at $160,000 per month as the second-most expensive on record via the Multiple Listing Service (MLS).
While this is the highest-priced rental completed on MLS so far this year, it is not the most expensive property currently listed for rent in Miami-Dade County. That distinction belongs to an almost 11,000-square-foot home at 1510 West 25th Street on Sunset Islands in Miami Beach. Owned by Italian businessman Gianluca Vacchi and listed by Douglas Elliman’s Dina Goldentayer, it is available for $475,000 per month—about $43 per square foot.
Another high-end listing includes an 8,200-square-foot mansion at 440 South Mashta Drive in Key Biscayne. This six-bedroom waterfront property is being marketed by Gustavo Gambino of Gambino Real Estate for $433,000 per month or nearly $53 per square foot.
According to listings and brokers familiar with these transactions, ultra-wealthy buyers and renters are increasingly prioritizing privacy. Although homes on Venetian Islands are accessible to the public, listings note that properties such as this recent record-setting rental are gated.
