Star Island Waterfront Estate: From Rosie O’Donnell to New Ownership Transition

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Rosie O’Donnell‘s Irish Home

The article details Rosie O’Donnell’s life in Ireland after moving there in March 2025 following Donald Trump’s win in the 2024 election. She described her time there as “marvelous” and said she feels “grateful” for the welcoming community.

Key details about her home:

The home features a large kitchen with a center island and informal dining area. There’s a dining room with a fireplace and a table for 12.
The house also includes a TV room with a fully stocked bar.

Background:

O’Donnell left the U.S. due to her concerns after Trump’s election and a desire to find a place where “all citizens have equal rights.”
* her long-standing feud with Trump began when she criticized him on “The View.”

the article includes images of the kitchen, dining room, and bar area of her Irish home, credited to Mike Ruiz from Legendary Productions.

What factors contribute to the consistently high demand and increasing property values on Star Island?

the Legacy of a Star Island Mansion

Star Island, a prestigious and exclusive island in Miami Beach, Florida, is renowned for it’s luxurious waterfront estates and celebrity residents. One property, in particular, has garnered meaningful attention over the years: the sprawling waterfront mansion formerly owned by comedian and talk show host Rosie O’Donnell. this article delves into the history of this iconic Star Island property,its time under O’Donnell’s ownership,and the recent transition to new ownership,exploring the luxury real estate market dynamics at play.

Rosie O’Donnell’s Acquisition and Residence (2003-2012)

In 2003, Rosie O’Donnell made a significant investment in the Miami Beach real estate market, purchasing the estate at 454 Star Island Drive for approximately $6.5 million. The property,boasting over 9,000 square feet of living space,included:

Five bedrooms and five-and-a-half bathrooms.

A private dock capable of accommodating a large yacht.

A stunning infinity pool overlooking Biscayne Bay.

extensive waterfront views, a hallmark of Star Island homes.

O’Donnell extensively renovated the property during her ownership, adding personal touches and enhancing its already notable features. The estate became a frequent backdrop for family gatherings and events, solidifying its place within the celebrity enclave of Star Island. She initially listed the property in 2009 for $20 million, but ultimately removed it from the market.

Initial Sale Attempts and Price Reductions (2012-2016)

Following a period of personal challenges, O’Donnell re-listed the Star Island mansion in 2012, initially seeking $20 million. However, the property remained on the market for several years, undergoing multiple price reductions.This period highlighted the complexities of the luxury home market,even in highly desirable locations like Miami’s Star Island.

2012: Listed for $20 million

2013: price reduced to $16.5 million

2014: Further reduction to $14.9 million

The extended time on the market underscored the importance of accurate pricing and effective marketing strategies in the high-end real estate sector. Factors influencing the slower-than-expected sale included broader economic conditions and the specific features of the property compared to other available waterfront properties on Star Island.

The 2016 Sale and Subsequent Ownership

In 2016, O’Donnell finally sold the estate for $16.5 million to a trust linked to Mexican businessman Carlos Cabal Peniche.this sale marked a significant transaction in the Star Island real estate landscape. Peniche reportedly intended to use the property as a family residence.

However, Peniche quickly flipped the property, listing it again in 2017 for $18.9 million. This rapid turnaround demonstrated the potential for profit within the Miami luxury real estate market, particularly for prime waterfront estates.

The 2020 Acquisition by Turkish Developer

In 2020, the property was acquired by Turkish developer ali Ozdemir for $28 million.This purchase represented a substantial increase in value compared to O’Donnell’s initial sale price and even Peniche’s asking price. Ozdemir,known for his involvement in luxury real estate projects,reportedly planned to renovate and potentially expand the estate. This transaction further cemented Star Island’s reputation as a magnet for international real estate investors.

recent Renovations and Current Market Value

As 2020, Ozdemir has undertaken significant renovations to the property, modernizing the interior and enhancing the outdoor living spaces. These improvements have undoubtedly increased the property’s value.

Modernized kitchen and bathrooms.

Upgraded smart home technology.

Landscaping enhancements to maximize waterfront views.

As of late 2024/early 2025, comparable Star Island waterfront homes are listed for prices ranging from $30 million to over $50 million, suggesting the current market value of Ozdemir’s renovated estate coudl exceed $35 million. The ongoing demand for luxury properties in Miami continues to drive up prices in exclusive enclaves like Star Island.

Star Island: A hub for Luxury Real Estate

Star island remains one of the most coveted addresses in the United States, attracting high-net-worth individuals and celebrities seeking privacy, security, and stunning waterfront living. The ongoing transactions and increasing property values demonstrate the enduring appeal of this exclusive enclave. Key factors