The Carl Fisher Estate is up for sale. The asking price? $40 million. From Miami Herald:

Located at 5020 N. Bay Rd., the 79-year-old villa stands three stories tall and boasts 12 bedrooms and 19 bathrooms. It sits on a 1.57-acre waterfront lot and comes with an open pavilion, an outdoor fireplace, an open-air Jacuzzi, a wine cellar, a $65,000 stove and an original walk-in vault.

But the real showpiece is the 85-foot observation tower, which has its own elevator and bathroom.

Your reward, after getting to the top, is breathtaking views of the Atlantic Ocean, Biscayne Bay and Miami’s downtown skyscrapers.

Architect and businessman Jorge Almeida bought the historic home in 1978 for $550,000 and sold it just before his death last year for $16.5 million.

The current owners, Todd Michael Glaser, Chad Oppenheim and Armin Mattli, have spent the last several months reworking and remodeling the luxury villa.

Here are more vintage photos of the Carl Fisher Estate from a vintage version of MiamiBeach411.com The old site looks funny, but the Fisher Estate pictures are nice.

Via:  Stuck On The Palmetto