- 940 88th Street with Eddie Irvine and Paul Warshaw (Getty, LinkedIn, Google Maps)
Eddie Irvine, a previous System One particular race auto driver turned spec developer, offered a waterfront teardown in Surfside for $7.9 million.
Data exhibit Conlig 940 LLC, an entity managed by Irvine, bought the home at 940 88th Street to BWW trust, managed by Paul Warshaw. Linkedin shows Warshaw is COO of North Miami Beach front-dependent Base Line Principles, a business consulting firm.
Julian Johnston of the Corcoran Team had the listing, and Joyce Gato of Douglas Elliman brought the customer.
Irvine is a retired F1 driver. Initially from Northern Ireland, he raced from 1993 to 2002, finishing as runner-up in the 1999 Entire world Drivers’ Championship. Irvine now develops luxury spec homes in South Florida.
He purchased the Surfside house for $5.7 million in 2021, documents present. Designed in 1956, the household spans 2,200 sq. toes, with 4 bedrooms, four bogs and 1 half-rest room, information present. According to the listing, the assets also contains a pool, spa, and 75 feet of waterfront with a dock.
Irvine initially planned to build a spec household on the home, but after receiving some off-market presents, he made a decision to provide, according to Johnston. Johnston said Irvine finished a “light, cosmetic” renovation of the home to lease it out while applying for undertaking permits.
“We desired to rent it out and get dollars flow for a year,” he mentioned. Johnston verified the customer options to demolish the residence.
Johnston is Irvine’s longtime broker, and has dealt with many of the retired racer’s revenue in the latest several years. They include the sale of a Hibiscus Island spec mansion in Miami Seaside for $27.8 million in 2019, the obtain of another Hibiscus Island residence for $10.5 million in 2021, and the sale of a Venetian Islands waterfront property in Miami Beach front in 2021 for $17.1 million.
According to Johnston, Irvine has currently located a new advancement web page on Hibiscus Island to change this task. He declined to disclose the tackle simply because the deal has not yet closed.
Previous yr, Robert B. Cohen, a grandson of the founder of Hudson News with the similar title, compensated $12.9 million for a waterfront dwelling on Biscaya Island in Surfside, environment a selling price file for one-family households in Surfside.
