Developer and hospitality mogul Keith Menin paid $16.1 million for the waterfront Miami Beach household that belonged to the late Don Browne, former president of Telemundo.
Menin stated he acquired the 5,552-sq.-foot, five-bed room, seven-toilet property at 5300 North Bay Street. The sale shut late very last 7 days, according to the Several Listing Assistance. A have confidence in in Browne’s name bought the assets.
Danny Hertzberg with Coldwell Banker’s the Jills Zeder Group represented Browne’s estate. Menin’s wife, Evelyn Menin with Luxe Living Realty, represented Menin.
The .3-acre residence strike the sector in December for $23 million, and the cost was diminished in January to just less than $20 million. That implies it offered at a 30 percent lower price off the authentic inquiring value.
Menin programs to renovate the dwelling into the Mediterranean-contemporary type his firm, Menin Homes, takes advantage of, and resell it off-current market, he explained. Menin, who lives on Fisher Island with his family members, is a principal at Miami-primarily based Menin Hospitality and owner of Bodega Taqueria and Tequila. His Menin Properties has acquired, renovated and offered other homes in Miami Beach front.
Browne, a longtime journalist and executive at NBC Information, and his late spouse Maria Junquera Browne, paid $4.2 million for the North Bay Road house in 2003. The property was accomplished in 1998. Browne died in August of difficulties from brain cancer, two yrs soon after his wife died of complications from tummy cancer, in accordance to their obituaries.
Their former dwelling functions 75 ft of water frontage, a dock, pool and loggia, and a separate two-bedroom guest property, in accordance to the listing.
Hertzberg also has the listing for the waterfront mansion future doorway at 5310 North Bay Road, which is inquiring $29.9 million. The 8,540-square-foot, 6-bedroom house also sits on a .3-acre whole lot. It was fully renovated and outlined for sale in January for $31.5 million. The selling price was dropped afterwards that month.
Billionaire media mogul Barry Diller not long ago closed on his $45 million invest in of a 1.5-acre waterfront lot at 5930 North Bay Highway. That sale sets a record for the road. Related Companies’ Bruce Beal Jr. bought the assets.
