A trust tied to Micky and Madeleine Arison sold their waterfront Bal Harbour condo, The Real Deal has learned.
The 5,070-square-foot condo at 9999 Collins Avenue, with four bedrooms and five and a half bathrooms, traded hands for $5.8 million, or $1,134 per square foot, according to the MLS. Records show a land trust linked to the billionaire Arison family owned the unit. The buyer is not yet available in property records.
Micky Arison is the chairman of Carnival Corp. and owner of the Miami Heat NBA franchise. He’s worth about $9 billion, according to Forbes. His late father, Israeli businessman Ted Arison, co-founded Norwegian Cruise Lines and later founded Carnival Cruise Lines. Carnival is one of the largest cruise lines in the world.
The Bal Harbour Tower condo was renovated in 2021, according to the listing. It had 2,000 square feet of terraces, a home gym, staff quarters and a walk-in pantry. Compass agent Chad Carroll represented the sellers, and Lenor Ortiz, also with Compass, represented the buyer, according to the listing. Carroll declined to comment.
The Arisons paid $3.4 million for the condo in 2020, which means they sold it at a 70 percent markup.
The 115-unit building was constructed in 1990.
In 2022, Micky’s sister, businesswoman Shari Arison, sold her waterfront estate in Bal Harbour for $41.5 million. She owns Arison Investments and was previously the controlling shareholder of Bank Hapoalim.
Shari’s son, David Arison, recently paid $23 million for a waterfront home nearby, also in Bal Harbour. David, vice president of global relations at Arison Investments and The Ted Arison Family Foundation, bought a house on Bal Bay Drive from developer and investor Yoram Izhak.
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