Villa Italia changes hands for $5.15 million

US: Vincenzo Odoguardi has paid $5.15 million for an Italian-themed boutique hotel in South Beach.

Odoguardi is president of the Mirage Group, a construction company based in the Dominican Republic. In 2016, he was the honorary consulate of Italy in La Romana, Dominican Republic.

Villa Italia, at 354 Washington Avenue in Miami Beach, has 13 rooms. It was sold by Esprit Sobe LLC, led by Paul Benichou, which purchased the property in 2015.

The 1926 property in South Beach’s Art Deco neighbourhood, comes with custom-built Italian furniture, and a 1,560-square-foot private villa with two bedrooms, two bathrooms, a full kitchen and a private terrace.

Deemed a historic hotel by Miami Beach’s Historic Preservation Board, it was known as Harmon Villa until 2011. It had interior renovations in 2010 by Luigi Vitalini, an Italian-born architect.

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