Entity Sells Critical Biscayne Household for M

Entity Sells Critical Biscayne Household for $25M


The head of an accounting and business enterprise valuation agency is connected to the sale of a waterfront household in Critical Biscayne for $24.5 million.

Data display Olive Developments, a Florida entity managed by Paul DeStefanis and Darren Docwra, marketed the house at 760 Mashta Push to Florida Sunshine Realty, a Delaware corporation. The accurate purchaser in the off-market deal is unidentified.

DeStefanis heads Highly developed Business Valuations, a Miami-primarily based enterprise that specializes in business valuations and litigation aid products and services, in accordance to its web site. He was earlier taking care of director of the Americas Group, a Naples-primarily based consulting agency that develops techniques for U.S. corporations to enter Latin American marketplaces, its internet site demonstrates. 

Docwra is the COO of Islandbridge Homes, a U.K.-based developer, LinkedIn shows. 

Olive Developments was previously managed by Ricardo J. Martinez, according to condition information. Documents also show that Olive Developments previously bought the adjacent property at 750 Mashta Drive for $6 million in 2010, and offered it for $9.1 million in 2015. 

Olive Developments purchased the 760 Mashta Push dwelling for $7.2 million in 2009, information clearly show. Constructed in 2001 on .3 waterfront acres, the household spans 6,400 sq. ft, with six bedrooms, 6 loos, a person half-lavatory and a pool, in accordance to residence information. House data clearly show a dock restore was accomplished in 2015, but normally no other renovations were being filed. 

The deal marks the priciest residential sale in Important Biscayne so far this 12 months. In December, Gibran Chapur, a son of a person of Mexico’s wealthiest people, flipped a waterfront residence for $10.5 million, less than a 12 months immediately after getting it for $10.1 million. In August, Just one Sotheby’s Intercontinental Realty agent Alina de la Vega Maclean and her partner offered their waterfront home for $11.5 million. In June, spec developers Sergio and Remir Fernando Guardazzi offered a waterfront spec dwelling to an entity linked to Peruvian govt Victor Manuel Matta Curotto for $17.5 million. 



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