Baruch Jacobs and Jonathan Campau with 3605 Flamingo Generate (Miami Seashore Plastic Medical procedures, LinkedIn, Google Maps)
The founder of Luxuri Intercontinental Serious Estate bought a waterfront house in Miami Beach front for $10.2 million in an off-sector deal.
Records show Robin and Baruch Jacobs bought the dwelling at 3605 Flamingo Push to an LLC of the identical name, managed by Miami-based Luxuri’s founder Jonathan Campau. Records display Campau took out a personal loan of $8.3 million from 1108 Washington Avenue, a Florida LLC that he also manages.
Robin Jacobs is a board member of the Miami Seashore Chamber of Commerce, and served as chairman from 2019 to 2021. Baruch Jacobs is a plastic surgeon in Miami Beach.
Sharon Beck, a broker with Luxuri, represented each sides of the offer.
Information display the Jacobs purchased the property, which was developed in 1937, for $1.2 million in 1999. The sellers were Meir and Nili Jungreis, Beck’s mom and dad. Beck lived in the dwelling for additional than 15 yrs as a baby, and kept in touch with Robin Jacobs in excess of the yrs, she stated. According to Beck, the Jacobs are now vacant nesters, and were imagining about downsizing, and Campau was hunting to commit in waterfront assets.
“It was just good timing,” she stated.
The 5,194-sq.-foot, 6-bed room, four-rest room property sits on a half-acre great deal with 101 feet of waterfront, in accordance to records. Beck explained the Jacobs up to date the kitchen and grasp wing in latest many years, and Campau designs to extensively renovate the home.
Campau started Luxuri in 2017 as a large-conclusion rental support connecting consumers with properties, yachts, cars, and non-public chefs in Miami and Aspen. When the pandemic brought a boom in Miami’s luxurious authentic estate industry, Luxuri founded its brokerage division. According to Campau, the brokerage closed $110 million in product sales in the last 12 months.
For Beck, this offer marked her third off-market sale of a waterfront property of more than $10 million in the previous year. She reported it’s a reflection of the toughness of Miami Beach’s waterfront market place.
“Anything Mid-Beach front on the drinking water, demand has not slowed down at all,” she claimed.
For even further evidence, glimpse to new music executive Austin Rosen’s $12.5 million invest in very last thirty day period of the waterfront property upcoming door to his waterfront dwelling on Pine Tree Generate Circle. Blockbuster heir Scott Huizenga dropped $7.5 million for a waterfront assets, also on Pine Tree Push, past month. And Sabal Enhancement offered a waterfront spec home on Miami Beach’s Hibiscus Island for $16 million, also in July.
