Miami’s Hottest Deals: Top Executive & VIP Real Estate Sales of 2020
Feb 22, 2021 February 22, 2021
2020 turned out to be the Year of the Power Buyer! From Silicon Valley tech execs to high-powered venture capital CEOs, and phenomenally successful founders, Miami and the Fort Lauderdale area received a bevy of VIP and business heavy buyers last year. The likes of Sandeep Mathrani (WeWork CEO), Ken Griffin (Citadel CEO), Sam Nazarian (SBE founder), Keith Rabois (PayPal investor), Peter Thiel (PayPal co-founder), Jonathan Oringer (Shutterstock founder), and Marcelo Claure (Softbank CEO), and Ravichandra Saligram (Newell Brands CEO) are just some of the top-tier business talent that bought a house or condo here in 2020.
While the Venetian Islands and Mid-Beach were the obvious favorites for anyone moving to Florida for the phenomenal lifestyle and beach lure, the gated communities of ‘City Beautiful’ Coral Gables saw plenty of head honchos moving into estates for its lush tropical setting and added privacy. Read on for a comprehensive list of the Top Executives & Power Buyers who bought a Miami home in 2020:
Top VIP Home Sales in Miami Beach in 2020
Who: Ken Griffin
Billionaire hedge funder - Founder, CEO and co-Chief Investment Officer of the Chicago-based hedge fund, Citadel (recently added satellite office in Miami)
Where: 11 and 12 Star Island Drive, Star Island, Miami Beach
How Much: $37 million
What: Double Waterfront-lot
Where: 10 Star Island Drive, Star Island, Miami Beach
How Much: $25 million
What: Waterfront lot
Who: Keith Rabois
Tech investor who has invested in companies such as PayPal, LinkedIn, Square and Yelp
Where: 1429 North Venetian Way, Venetian Islands
How Much: $28.9 million
What: 0.6-acre property featuring a nearly 15,000-square-foot, 4-story waterfront mansion designed by Dufner Heighes with landscaping by Urban Robot. The designer home includes 6 bedrooms (2 master suites), 7 bathrooms, 5 half-bathrooms, a 4,868-square-foot rooftop garden, and a screen wall by Erwin Hauer (an Austrian-born American sculptor). Additional features include a million-dollar, 5,600-gallon saltwater aquarium imported from Japan, a 1,112-bottle wine cellar, an infinity edge pool, rooftop garden with wet bar and Bradford-tiled spa tub, gym with NFL turf on an adjacent terrace, outdoor kitchen, outdoor shower, boat lift, and a four-car garage.
Who: Peter Thiel
Co-founder – PayPal, Palantir Technologies and Founders Fund co-founder – German-American billionaire entrepreneur and venture capitalist
Where: 445 to 441 East Rivo Alto Drive, Venetian Islands
How Much: $18 million
What: 0.6-acre waterfront property featuring two mansions, each with its own swimming pool and a total of 9 bedrooms plus 7.5 bathrooms.
Who: Keith Menin
Hospitality mogul, Principal of Miami-based Menin Hospitality
Where: 64 La Gorce Circle, La Gorce Island, Mid-Beach
How Much: $17 million
What: 29,508-square-foot property featuring an 11,460-square-foot waterfront mansion with 6 bedrooms and 7.5 bathrooms. It also includes 160 feet of water frontage, a dock, pool, bar, gym, courtyards, home office, and a guest house.
Who: Banir Ganatra
CEO of Americor, a debt settlement company
Where: 825 East Dilido Drive, Venetian Islands
How Much: $17 million
Sold By: Vitamin mogul Andrew Lessman
What: 14,244-square-foot lot featuring a Choeff Levy Fischman-designed waterfront mansion. The 8,048-square-foot tropical modern home includes 7 bedrooms, 7.5 bathrooms, more than 100 feet of water frontage, a double-sided infinity edge pool with spa, summer kitchen, and a dock.
Who: Mark Sutcliffe and Siobhan O’Farrell
Mark Sutcliffe - Principal at Greybridge Equity Partners and CEO of Redzone Production Systems - a software company for food and beverage manufacturing
Where: 45 East Dilido Drive, Venetian Islands
How Much: $16 million
What: 10,500-square-foot property featuring a 5,405-square-foot waterfront spec home designed by Kobi Karp Architecture and Interior Design. The 5-bedroom, 4-bath waterfront house includes a panoramic rooftop lounge with putting green, an infinity pool with hot tub, outdoor kitchen, plus a dock with a jet ski lift.
Who: Randy Frankel
Tampa Bay Rays co-owner
Where: 1635 West 22nd Street on Sunset Island IV, Mid-Beach
How Much: $14.4 million + $400,000 for furnishings
What: 20,000-square-foot property featuring an 8,500-square-foot spec mansion designed by Domo Architecture + Design. The 4-bedroom, 4.5-bathroom home features a separate guest house with 3 bedrooms, 3 bathrooms, plus a cabana with one bath.
Who: Luís Felipe Neiva Silveira
Founder and CEO of 2Futures Holding, a firm investing in Brazilian real estate and technology companies
Where: 28 Star Island Drive, Star Island, Miami Beach
How Much: $13.3 million
What: 40,000-square-foot waterfront lot.
Who: Alex Blavatnik
Executive Vice President and Deputy Chairman of the New York-Based conglomerate Access Industries
How Much: $12.2 million
What: 6,783-square-foot condo featuring 4 bedrooms and 5.5 bathrooms. Also includes access to Fendi Chateau’s stellar amenities such as two swimming pools with cabanas, tropical gardens, pool and beachside service, lounge featuring a gourmet kitchen, spa with indoor European thermal pool, kids' club, private cinema/media center, and ultra-luxury concierge called the Fendi Château attaché.
Who: Nicolas M. Caputo
Argentinian construction executive and politico with ties to former President Mauricio Macri
How Much: $11.88 million
What: Double-sized condo with a combined interior space of 6,740 square feet plus 1,610 square feet in outdoor terraces. The 5-bedroom, 7.5-bathroom residence comes with access to the development’s 70,000 square feet of amenities plus exclusive privileges at the Turnberry-branded golf course and water park in Aventura. Some outstanding amenities at the Turnberry include an elevated pool deck, beachfront pool deck, beachfront restaurant, sunset lounge, coffee bar, spa, beauty salon, kid’s room, and theater.
Who: Sandeep Mathrani
CEO of WeWork, the co-working giant
How Much: $11.3 million
What: 4,209-square-foot condo featuring 4 bedrooms. Part of the Four Seasons condo-hotel designed by Richard Meier and Kobi Karp, the Surfside residence includes access to the (attached) historic Surf Club complete with a 1920s-style lobby and champagne bar, full-service spa and fitness center, four pools, a beach club, a kids’ lounge, two restaurants (one by Thomas Keller), and an oceanside park.
Who: Marcelo Claure
CEO of Tokyo-based Softbank Group International and Executive Chairman of New York-based co-working firm WeWork
Where: 5212 North Bay Road, Mid-Beach
How Much: $11 million
What: 0.6-acre lot with 150 feet of water frontage and a teardown built in 1986.
Who: David Grutman
Founder of Groot Hospitality, owner of LIV, Story, Komodo, Swan & Bar Bevy plus other concepts
Where: 2050 North Bay Road, Mid-Beach
How Much: $10.3 million
What: 0.75-acre, Spanish-style estate built in 1933 with 160 feet of water frontage. Grutman plans to tear down the original Mediterranean home and replace it with a two-story, tropical mansion by Design Studio featuring landscape by Raymond Jungles. The property was sold with a recording studio, tennis court, gym, and guest house.
Who: Jonathan Cox
Founder and chairman of the Boston and Miami-based commercial real estate firm - The Federated Companies
Where: 515 East Dilido Drive, Venetian Islands
How Much: $9 million
What: 4,833-square-foot, waterfront home built in 1938 with 6 bedrooms.
Who: Steve Witkoff
Founder of the New York-based real estate investment firm - the Witkoff Group
Where: 4766 North Bay Road, Mid-Beach
How Much: $8 million
What: 0.5-acre vacant waterfront lot.
Who: Laurent Ouazana
CEO of the French insurance firm Entoria, the 15th-largest overall broker in France
Where: 6505 Allison Road, Allison Island North Beach
How Much: $6.4 million
What: 0.5-acre waterfront property with a 4,302-square-foot home built in 1947. It features 4 bedrooms, 4 bathrooms, and 100 feet of water frontage.
Who: Jerome and Debbie Falic
CEO of Duty Free Americas (chain of airport and border town stores) and his co-owner wife
Where: 122 Bal Bay Drive, Bal Harbour
How Much: $5.5 million
What: 15,344-square-foot waterfront property inclusive of a 4,691-square-foot, 5-bedroom home built in 1988.
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Top VIP Sales of Miami in 2020
Who: Jonathan Oringer
Billionaire founder of the stock media and photo editing company, Shutterstock
Where: 4358 North Bay Road, Coral Gables
How Much: $42 million
What: 1.1-acre waterfront estate featuring a 20,864-square-foot mansion with 7 bedrooms, 10 bathrooms, 2 half-bathrooms, a dock, and a swimming pool.
Who: Lee Scott Millstein and Sylvie Millstein
President of Cerberus Global Investments and global head of real estate plus his fashion designer wife
Where: 90 Leucadendra Drive, Coral Gables
How Much: $22 million
What: 10,346-square-foot, Balinese-style, waterfront mansion designed by architect Ramon Pacheco. It features 255 feet of water frontage with a 160-foot dock, 9 bedrooms (master suite overlooks water), a swimming pool, rooftop deck, outdoor entertainment area, home theater, plus game room with wet bar and wine cellar.
Who: Jeff Conry
President of one of the largest charter airlines - iAero Airways
Where: 6312 Riviera Drive, Coral Gables
How Much: $14.9 million
What: 1.6-acre property featuring a 10,762-square-foot waterfront mansion with 6 bedrooms and 6 bathrooms. It further includes a tennis court, swimming pool, separate small house, dock, and boat-storage yard.
Who: Sam Nazarian
Founder of the SBE lifestyle hospitality group
Where: 8815 Arvida Drive, Coral Gables
How Much: $14 million
What: 1.2-acre waterfront estate featuring a 9,694-square-foot Palladian-style mansion with 6 bedrooms and 8.5 bathrooms. The estate also includes a swimming pool, covered terraces and cabana, summer kitchen, plus 4-car garage.
Who: Andre Hakkak and Marissa Shipman
CEO and co-founder of White Oak Global Advisors, a global investment firm with his Balm Cosmetics’ CEO wife
Where: 8950 Arvida Drive, Coral Gables
How Much: $13.6 million
What: 2-acre estate with a 17,215-square-foot, 2-story mansion designed by architect Cesar Molina. Built in 2016, the home includes 6 bedrooms, 9 bathrooms, 2 half-bathrooms, a 6-car garage, a swimming pool, a separate structure with room for a gym or spa, and an extra-large backyard.
Who: Stuart and Pamela Rothenberg
Ex-Goldman Sachs executive and his wife
Where: 4731 Lake Road, Bay Point, Upper East Side
How Much: $11.3 million
What: 7,169-square-foot, lake-front house built in 2019 with 7 bedrooms and 8.5 bathrooms. Also includes an outdoor area with 74-foot infinity lap pool, a wine cellar, 3-car garage, and a dock with boat lift.
Who: Chandler Joel Reedy
Managing Director at the New York-based private equity firm Warburg Pincus
Where: 300 Casuarina Concourse, Coral Gables
How Much: $7.75 million
What: 1.5-acre waterfront property featuring 200 feet of water frontage and a teardown opportunity.
Who: Matthew B. Gorson
Senior chairman at Greenberg Traurig, a Miami-based law firm
How Much: $7.3 million
What: Penthouse in the ultra-luxury Oma and Rem Koolhaas- designed One Park Grove with interiors by William Sofield. Includes access to the Silver LEED®-Certified property’s 2-acre private park (designed by Enzo Enea), outdoor amphitheater, rooftop pool, indoor and outdoor lounges, signature spa, wine tasting room with private bottle storage, private screening room, children’s playroom, a Michael Schwartz-restaurant, plus a nautical concierge.
Who: Slaven Zivkovic
Founder and chief executive of Springshare, a tech company developing web applications for libraries and educational institutions
Where: 535 Casuarina Concourse, Coral Gables
How Much: $6.2 million
What: Almost a 1-acre estate featuring a 7,736-square-foot, two-story house with 6 bedrooms, 8 bathrooms, a home office, media room, gym, mahogany bar, pool, spa, and tennis court.
Who: Ravichandra Saligram
President and CEO of Newell Brands consumer conglomerate, which includes household names such as Rubbermaid, PaperMate and Yankee Candle
How Much: $6 million
What: Fully furnished condo in the late Zaha Hadid-designed scorpion tower with ultra-luxury amenities such as a private rooftop helipad, two-story wellness center with spa and fitness areas, double-height aquatic center with indoor lap pool, sun and swim terrace, triple-height sky lounge, multimedia theater, and access to a private off-site beach club.
Who: Dan Azel
President of the real estate construction firm called Andale Group
Where: 130 Solano Prado, Coral Gables
How Much: $5.3 million
What: 22,750-square-foot waterfront property featuring a 3,172-square-foot, Giorgio Balli-designed house. Built in 1969, the home overlooks 144 feet of Old Cutler Bay water frontage and includes 4 bedrooms, 3 bathrooms, a swimming pool, plus a 15,000-pound boat lift.
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