The Chief Executive Officer of indulgent fashion brand Louis Vuitton purchased a home for $11.7 million on Allison Island in Miami Beach last year. The South Florida waterfront property is a one-acre island property with 200 square feet of waterfrontage with a private dock, guesthouse, and tennis court according to the Wall Street Journal report.
The house was originally listed for $13 million and purchased by the CEO for the just under $12million in January 2014. Demolition of the existing home and construction of a new residence is still underway. Allison Island is unique residential 8.5-acre island in the Biscayne Bay with unobstructed access to the Atlantic Ocean. Location, unique water access and privacy make this island highly desirable
…