Limestone Asset Management, which invests in and acquires real estate properties across all asset classes throughout North America, has expanded to add a residential development division.
Limestone’s first two spec homes are located in Morningside, Miami’s beautiful, historic and gated residential community. Tucked off Biscayne Boulevard, the homes are located at 531 and 510 NE 52nd St. Limestone partnered with BZG International Real Estate, which specializes in investment sales and property management.
The first property at 531 NE 52nd St. is a 4,480-square-foot home that features five bedrooms, five bathrooms, a den, an outdoor pool and a one-car garage. It is currently under construction. Situated on an 8,363-square-foot lot, this home is just steps away from Morningside Park, a 42-acre bayfront park. Its expected completion date is the fourth quarter of 2022.
Designed by Miami architecture firm Preschel + Bassan Studio, the home will be a two-story