Spec developers, doctors and a hedge funder acquired and sold residences in the newest roundup of South Florida luxury household sales.
Selling prices ranged from $9.8 million to $11.2 million, and spanned Coral Gables to Golden Beach.
Coral Gables
In Coral Gables, hedge funder Clinton Biondo sold his Coral Gables house for $9.9 million. Records exhibit he and his wife, Elizabeth Biondo, marketed the home at 5601 Arbor Lane to SCMK3018 LLC, a Florida entity managed by Shahal Khan. The consumer financed the acquire with a $6.9 million personal loan from the sellers, according to records.
Geraldine Blakely of McB Realty Group had the listing, and Jill Velarde with Waterfront Investment decision Authentic Estate brought the purchaser.
Clinton Biondo is a managing companion at Fir Tree Capital, a hedge fund with places of work in New York and Miami with $6.7 billion of property beneath management. The Biondos bought the house for $3.2 million in 2011, documents show. Crafted on .9 acres in 2005, the 5,500-square-foot household has 5 bedrooms, 5 bogs, and a pool, data demonstrate. It was renovated in 2022, according to the listing.
The couple detailed it for $9.9 million in August, Real estate agent.com displays.
Elsewhere in Coral Gables, spec developers Sergio and Remir Guardazzi dropped $11.2 million on a waterfront teardown. Information clearly show their 6941 Dawn Investments LLC bought the property at 6941 Sunrise Court from longtime owners James B. Black Jr. and his wife, Faith Black.
Renier Casanova of Compass had the listing, and Barbara Elmir of One Sotheby’s Worldwide Realty brought the prospective buyers.
The Guardazzis are spec builders in Miami-Dade County. In June, they offered a waterfront spec home in Important Biscayne for $17.5 million. In 2021, they bought one more waterfront spec household in Crucial Biscayne for $7.5 million.
The Blacks bought the waterfront Coral Gables dwelling for $880,000 in 1996, house records demonstrate. Spanning .4 acres and 174 ft of waterfront, the property involves a 3,700-sq.-foot dwelling with three bedrooms, two bogs, one fifty percent-bathroom and a pool, in accordance to records.
The pair listed it for $12 million in December, marketing it as a teardown or renovation, Redfin shows.
Miami Beach front
In Miami Seashore, mental wellness pros Dr. John H. Burger Jr. and James Gerhardstein offered their waterfront household for $9.9 million.
Burger and Gerhardstein marketed 6465 Pine Tree Generate Circle to a Nevada entity named for the handle. The true consumer is unidentified.
Nancy Batchelor and Nesti Mendoza of Compass had the listing, and Jordan Karp of Jordan Karp LLC introduced the customer.
Burger and Gerhardstein, who are married, are both in mental wellbeing professions. Burger is a psychiatrist, and Gerhardstein owns South Florida Behavioral Wellbeing. They bought the Pine Tree Generate Circle home for $780,000 in 1998, records display.
Designed in 1936 on .4 acres, the 3,300-sq.-foot property spans 6 bedrooms and 5 loos, in accordance to home documents. The assets features a pool and 102 toes of waterfront.
They outlined it for $13.8 million in 2022, and dropped the selling price many times more than the class of 2023, Redfin displays. In 2022, New York developer Steve Witkoff flipped the waterfront large amount up coming doorway for $20 million.
Also in Miami Seaside, an entity linked to the New York City-based mostly investment business Owl Creek Asset Administration bought a non-waterfront Sunset Islands residence for $9.8 million.
Documents demonstrate Peter Kramer and Elizabeth Etkin Kramer marketed the house at 2834 Regatta Avenue to an entity named for the tackle. The shopping for business detailed its deal with as the New York workplace of Owl Creek, which is helmed by founder Jeffrey Altman.
Altman’s Owl Creek has invested in South Florida serious estate in the earlier. In 2015, the organization landed a $25 million building loan for two mansions in Miami Beach front.
Dr. Elizabeth Etkin Kramer is a gynecologist with Mount Sinai in Miami Beach front, and Peter Kramer is a partner at the regulation business Squire Patton Boggs in Miami.
They bought the Regatta Avenue household for $335,000 in 1991, house information clearly show. Crafted in 1938 on .4 acres, the 4,600-sq.-foot key residence has 5 bedrooms and six bogs, in accordance to the listing. The property also has a guest home and a pool.
The pair mentioned it for $10.9 million in Oct, Zillow demonstrates.
Golden Seashore
In Golden Seashore, lawyer, electronics mogul and real estate investor Michael Newman marketed a renovated waterfront residence for $10.5 million. Newman’s NWC Properties LLC sold the property at 260 South Parkway to Echo Homes 809, a Florida entity. The buyer is mysterious.
Alan Eskenazi Bone and Eli Eskenazi Bone of Miles Goldstein Authentic Estate had the listing, and Cassio Faccin of Faccin Team Realty brought the customer.
Newman heads the Miami-centered client electronics business Newtech Holdings as very well as his genuine estate financial commitment company, NWC Houses. He acquired the South Parkway property for $4.6 million in 2021, data exhibit. He renovated the property, which was constructed in 2008 on a quarter acre, growing it from 6,100 sq. feet to 6,500 sq. toes, in accordance to the listing.
Newman listed it for $12.5 million in March, advertising for $2 million down below its inquiring rate, according to Redfin.
