Source: LiveWellNetwork

Shoes may not buy happiness (some may argue otherwise), but they can certainly buy extravagant real estate. A Moroccan-style mansion owned by popular shoe designer Donald J. Pliner is currently listed on the Miami Beach real estate market for $19,999,000. Pliner, whose self-titled shoe and handbag line is sold at stores like Nordstrom, Piperlime, and Neiman Marcus, purchased his 10,000-sq ft blue palace in 2004 for $11.8 million. According to public record, Pliner first got the urge to sell his eye-catching estate back in February, listing the 4-bedroom, 8-bathroom home at $24 million – a steep 103 percent price increase from the purchase price. After a few months on the market, Pliner decided to budge a little bit, cutting the asking price twice, the most recent of which still leaves the designer on a road to a 69.5 percent profit if he finds a buyer willing to hand over the 8-digit asking price. Described as a “private sanctuary,” Pliner’s home is outfitted with Southwestern, African, and Balinese-influenced decor, including hand-painted murals. The .92-acre property also offers an extravagant escape and includes a resort-style swimming pool surrounded by tropical foliage, an oceanfront gazebo with wet bar, and 100 feet of private waterfront with private boat and jet ski docks. The listing is held by Sylvia Fragos of Great Estates International Realty __ According to data on Zillow Mortgage Marketplace, a monthly payment on Pliner’s Miami Beach home would be $76,641 a month with 20 percent down and a 30-year loan.

About the Author

Lauren Riefflin manages news around Zillow Mobile communications and works closely with Zillow's real estate economists in preparing Zillow's real estate market reports. She also focuses on celebrity real estate news as both a Zillow Blog author and manager of celebrity content relationships.

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