A seven-bedroom Allison Island home and neighboring lot with 175 feet of water frontage is on the market for $32.9 million. 

Allison Island is an exclusive, gated community of 49 homes along Miami Beach. Some of the island’s well-known residents have included rapper Lil Wayne and Louis Vuitton CEO Michael Burke, according to published reports. Wayne purchased a home there in 2018 for $17 million.

The new listing is an 8,897-square-foot home featuring 8.5 bathrooms, floor-to-ceiling windows with water views, plus a pool, spa and outdoor kitchen and dining space. The adjacent 16,000-square-foot lot offers room to add a guest cottage, additional home or a tennis or pickleball court. 

The property is marketed by Dina Goldentayer, the No. 1 agent nationally at Douglas Elliman.