The qualifications of being considered a trophy property are extremely demanding and limiting and typically depend on factors such as location, origins, and, of course, actual value. Real estate deemed competent for this level of categorization is scarce; however, Haute Living is proud to provide our readers with a little glimpse into the world of trophy properties currently on the market in Miami, Florida.

An exquisite $29, 900,750 home located at 1736 W. 28th Street on Sunset Island I is situated on 1.63 acres of prime waterfront property. Named “La Tranquilla”, this one story neoclassic estate was originally designed by Maurice Fatio and recently renovated by Annabelle Selldorf, a New York architect. Once owned by Mary Louise Maytag, daughter of Maytag Corporation President Elmer Henry Maytag, the estate’s neighbor is none other than Enrique Iglesias.

Prefer a more condo feel? An Apogee Miami Beach penthouse on the market and located at 800 S. Pointe Drive consists of 6,900 interior square feet with an incredible additional 11,000 exterior square feet. Featuring its own private pool this penthouse is set to cost $18.5 million.

The infamous Star Island has a trophy property for sale as well. Villa Luna, a Mediterranean mansion found at 40 Star Island Drive, is not only located on one of the most exclusive and celebrity ridden islands around, but it was also built in 1925 and has been used as the backdrop for a myriad of fashion shoots and movies.

Penthouse Villa B of the legendary Asian-inspired The Setai Hotel on South Beach, located at 20th and Collins Avenue, is on the market again after originally being listed for $34 million in June of 2006. Since then, the magnificent home in the sky has been on and off the market, and is now priced at $24 million. That money will get you the entire 40th floor of the luxury resort with 6,200 interior square feet and a private rooftop pool that overlooks the ocean and the rest of South Beach.

Lastly, a beautiful two acre estate located at 4949 Pinetree Drive is up for grabs and includes approximately 630 linear feet of waterfront area on the serene Indian Creek Waterway. Designed by architect Carlos Schoeppel, this home is currently on the market for $9.5 million, having once been listed for more than $20 million. Construction of oceanfront hotels and condominium buildings that line the area may have something to do with the price decrease, but are certainly taking nothing away from this property in terms of its trophy qualities.

Via: South Beach Condos Blog