Recent Notable Residential Real Estate Transactions On and Around Miami Beach:

4101 South Ocean Boulevard, Highland Beach to Delaware corporation HBF Realty LLC, according to records.
$18 Million

205 and 225 North Hibiscus Drive to Hibiscus Islands Holdings LLC, a Delaware corporation in care of Los Angeles law firm Troy Gould PC
$27 Million

9201 and 9461 East Bay Harbor Drive to Continuum South Beach developer Ian Bruce Eichner $29.5 Million

8325 Cheryl Lane, Miami to Tarigh Yusufi, who works at New York-based Steadfast Capital Management $11.8 Million

520 Island Drive, Palm Beach to Billionaire hedge fund manager and Milwaukee Bucks co-owner James Dinan $49 Million

(Arte) 8955 Collins Avenue, #401 to Emilio Bassini, The co-founder of a New York-based hedge fund, Bassini & Co. $13 Million

Fisher Island, Palazzo Del Sol, Unit 7072 to William Patrick McDowell and Camille Roxanne McDowell, the head of a multifamily real estate firm $7 Million

Fisher Island, Palazzo Della Luna, Unit 6825 to Hospitality mogul Keith Menin $6.1 Million

210 Via Del Mar, Palm Beach to Todd Glaser $24 Million

1325 Venetian Way, Miami Beach to The 1325 Venetian Land Trust Agreement, with Miami Beach real estate attorney Eric A. Jacobs as a trustee. $18 Million

4750 Sanctuary Lane, Boca Raton to Gregory L. Clayman, president of a live video chat platform $6 Million

441 San Marco Drive, Ft. Lauderdale to Christopher Brothers, executive managing director of New York-based investment banking and wealth management firm Merchant Capital $5 Million

6686 Roxbury Lane to Joel and Lauren Abelson $9.7 Million

4511 Lake Road to Jessica Goldman Srebnick and her husband, Scott Srebnick $9.2 Million

9121 Southwest 62nd Court to Thomas Moorehead, the first African-American Lamborghini, McLaren dealer and Rolls-Royce dealer, and a real estate developer $9.8 Million

502 Bald Eagle Drive, Jupiter to Eric and Lara Trump $3.2 Million

6385 Pinetree Drive Circle, Miami Beach to Andres Isaias and Alejandro Diaz-Bazan $19 Million

5811 North Bayshore Drive to Dave Portnoy of Barstool Sports $14 Million

Oceana Key Biscayne PH1S at 360 Ocean Drive to Christoph Westphal, Boston based biotech entrepreneur $18 Million

5485 Hammock Drive, Coral Gables to Stuart T. Kapp, a trustee of The Babycat Three Trust. $8.5 Million

1101 North Venetian Drive to 1101 N Venetian Drive LLC, a Delaware corporation. The buying entity’s address is that of Woodland Hills, California-based Boulevard Management, which provides financial management services to entertainers, athletes, and high-net worth individuals, according to its website. $6.3 Million

24 South Hibiscus Drive to Eddie Irvine the former Formula One driver turned spec home developer $10.5 Million

300 West Rivo Alto Drive to Dora Puig, broker and owner of Luxe Living Realty $9 Million

South Hibiscus Drive to Miami Heat player Victor Oladipo $7.8 Million

320 Island Road, Palm Beach to to PB Island Dreams LLC, a Delaware corporation. The buying entity is in care of New York-based law firm Kleinberg, Kaplan, Wolff & Cohen. $41.7 Million

Apogee Beach, 3951 South Ocean Drive, Hollywood to personal injury lawyer William Schwitzer of William Schwitzer & Associates in New York $6 Million

605 Ocean Boulevard, Golden Beach to real estate investor and author Grant Cardone $28 Million

unit 4204 at 18501 Collins to Laurie Stark, co-owner of designer brand Chrome Hearts $6.5 Million

5780 LaGorce Drive to Myles Chefetz $15.5 Million

1337 North Venetian Way, Miami Beach to to Leet House LLC, a Delaware corporation. $13.5 Million

500 South Mashta Drive, Key Biscayne to Patrick C. Emans as trustee of The 500 South Mashta Land Trust. Emans is a partner at Miami-based law firm Holland & Knight LLP. $17.4 Million

(contd.)

3590 Crystal View Court, Coconut Grove to Jeff Conry, president of charter airline iAero Airways $12.8 Million

2412 Laguna Drive, Ft. Lauderdale to 125 Ocean Drive Holdings LLC. $23 Million

8701 Collins Avenue, Unit 1001, Miami Beach to Lix and Buddy LLC, a Delaware corporation. According to an affidavit from Miami-Dade County, Lix and Buddy LLC is led by Nessan Bermingham and Nina Ross of Boston. Bermingham is CEO of Triplet Therapeutics, a Cambridge Massachusetts-based biotechnology company. $6 Million

612 Northwest 52nd Street, Boca Raton to Sheer Science CEO Jonathan Greenhut. $5.2 Million

5061 North Bay Road, Miami Beach to David Reiser, managing director at J.P. Morgan $6.5 Million

Palazzo Della Luna, Unit 6832, Fisher Island to Mark D. Coe, the founder and CEO of a financial advisory firm
$6.1 Million

The Real Deal: May 4, 2021

Top 10 sales ranged from $2.9M to $18M

A total of 284 condos sold last week, up from 260 the previous week. Condo sales totaled $189.2 million, down from $206 million.

Units sold for an average price of $666,000, down from $792,000 the previous week. Condos sold for an average of $406 per square foot, down from $449 per square foot.

The most expensive sale was an $18 million penthouse at Oceana Key Biscayne. The Key Biscayne unit sold for $2,270 per square foot, after 302 days on the market. Lourdes Alatriste represented the seller, and Claudine Coto represented the buyer.

The second most expensive sale of the week was for unit 6876 at Palazzo Della Luna on Fisher Island, which sold for $7.6 million, or $1,996 per square foot.

Big-Money Migrants

Dan Loeb: The founder and CEO of Third Point paid $20 million for a six-bedroom spec mansion.

Gabe Plotkin: His Melvin Capital Management was one of the short sellers knocked sideways by the GameStop Reddit revolt. He spent $44 million on two adjacent bayfront homes.

Peter Thiel: Last fall, the co-founder of PayPal and the venture-capital firm Founders Fund (and early Trump supporter) bought side-by-side mansions for $18 million one island west of the Standard hotel.

Keith Rabois: Thiel buddy and VC investor in Yelp, LinkedIn, PayPal, and Square, bought a big boxy white house for nearly $29 million.

Ken Griffin: The Citadel hedgie sold his penthouses at Miami Beach’s oligarch getaway, Faena House, and is assembling approximately $95 million worth of lots on Star Island to build a palace on.

Jon Oringer: Alex Rodriguez’s former waterfront home went for $42 million last year to the Shutterstock founder.

Douglas Sacks: The Goldman Sachs managing director spent $11.7 million for a unit at Eighty Seven Park designed by Renzo Piano.

Daniel Glass: The founder of Manhattan-based Glassnote Entertainment Group (Mumford & Sons, Childish Gambino) spent $6.6 million on a Piano pad.

Cindy Crawford and Rande Gerber: Paid close to $10 million for a 3,800-square-foot 1955 teardown just before New Year’s. They’ll be down the bay from Oringer and Plotkin.

Tom Brady and Gisele Bündchen: Bought a 1.84-acre waterfront lot, which includes a teardown, for $17 million on Indian Creek Island. They are said to be selling their Tribeca apartment for nearly $40 million.

Ivanka Trump and Jared Kushner: Bought a 1.8-acre lot on Indian Creek Island for $32 million from Julio Iglesias. As they wait on construction, they’re renting at the Arte condos, within walking distance from their eventual home.