John Howard Kunkel with 1030 Stillwater Drive (LinkedIn, Google Maps)
John Kunkel, founder and CEO of 50 Eggs Hospitality Team, bought a waterfront Miami Beach front household for $6.8 million.
Data show Kunkel acquired the 4,477-sq.-foot residence at 1030 Stillwater Drive from Silvana Rodrigues and David Albin. Kunkel secured a $4.7 million personal loan from Metropolis Countrywide Lender of Florida to finance the order.
Miami-primarily based 50 Eggs’ well-liked eating places include things like Yardbird Table & Bar in Miami Seashore, Los Angeles, Dallas, Chicago, Las Vegas, Washington, D.C. and Singapore Chica in Miami, Las Vegas and Aspen and Wakuda in Las Vegas and Singapore. Yardbird also designs to open up shortly in Denver and Chicago, according to 50 Eggs’ site.
Rodrigues is a genuine estate agent with Sharp Realty. Documents clearly show she purchased the property with then-husband Roberto Rodrigues in 1994 for $300,000. A prior property on the .2-acre home was crafted in 1949. In 2012, the current 5-bedroom, four-lavatory household was built, according to Real estate agent.com.
Realtor.com displays the home has been detailed for sale on and off in excess of the yrs, most just lately inquiring $3.5 million in 2020. It was not detailed at the time that Kunkel purchased the residence.
Kunkel is a longtime Miami Beach resident. Data present that in 2005, Kunkel bought a property at 1398 Bay Drive in Miami Seashore with his ex-spouse, Jennifer Alison Kunkel, for $1.6 million. Their renovation of the dwelling was highlighted on an episode of My Huge Remarkable Renovation on HGTV. The couple’s divorce was finalized in 2020, and John Kunkel was removed from the deed that calendar year.
Whilst Miami Beach’s pandemic-fueled frenzy has started to great, desire for waterfront residences continues to be robust. Final thirty day period, spec developer Todd Glaser and his partners bought a .5 acre waterfront whole lot on Allison Island for $7.9 million, with programs to create a 10,000-square-foot mid-century modern mansion. That same thirty day period, kinfolk of Bal Harbour Outlets founder Stanley Whitman offered a waterfront dwelling in Miami Seashore for $9.5 million.
Other customers are turning to non-waterfront properties in the location. Important Foods Team co-founder Mario Carbone just compensated $4.3 million for a non-waterfront residence on Miami Beach’s Palm Island.
