Lori Sidman and 6330 Allison Road (Getty, Google Maps)
The wife of a Boston hedge fund founder sold her waterfront house on Miami Beach’s Allison Island for $13.3 million.
Records show Lori Sidman sold the home at 6330 Allison Highway to Emre Balci, a portfolio supervisor with Roscommon Analytics. Roscommon is a Houston-based mostly expense firm that specializes in vitality commodity markets, in accordance to its web site.
Balci financed the purchase with a $10 million home loan from JPMorgan Chase, documents present.
Nancy Batchelor and Simone Weissman Stein of Compass’ Nancy Batchelor Group had the listing. Dina Goldentayer of Douglas Elliman brought the customer.
Sidman is married to Matthew Sidman, founder and main investment decision officer of Boston-primarily based hedge fund A few Bays Cash. He is the son of the late Edwin Sidman, former chairman of Boston-primarily based actual estate financial investment believe in Beacon Properties Corporation. Matthew Sidman’s uncle, Alan Leventhal, is founder, chairman and CEO of Beacon Cash Partners and U.S. Ambassador to Denmark.
Matthew Sidman flipped an Allison Island house for $9.1 million previous year, in partnership with Michelle Simkins.
Lori Sidman bought the Allison Street property for $7.4 million in 2020, records show. The 5,500-sq.-foot residence, developed in 1952, has six bedrooms, six bathrooms, and a person 50 percent-rest room, according to property data. The .4-acre property has 75 feet of drinking water frontage, a dock, jet ski raise, and saltwater pool, according to the listing. Sidman renovated the household, the listing exhibits.
Miami Beach’s Allison Island is a favored enclave of the loaded and well known. Previous month, Grammy-successful rapper Long term bought a waterfront house for $16.3 million.
Lil Wayne, on the other hand, is bowing out of the island. In September, the rapper outlined his waterfront mansion for $29.5 million.
In August, spec developer Todd Glaser and his associates, Scott Robins and Jonathan Fryd, purchased a whole lot on the island for $7.9 million, a steep discount from the first $14.5 million inquiring selling price. Glaser, Robins and Fryd program to establish a spec household.
