Developer Ugo Colombo’s wife Sara bought a waterfront home in Miami’s Bay Point neighborhood, The Real Deal has learned.
Property records show Pardus Two LLC, a company tied to Spanish businessman Gerard Lopez Fojaca, sold the six-bedroom, seven-and-a-half-bathroom house at 4445 Lake Road. The property traded for $23.5 million. It was on the market with Dora Puig, owner and broker at Luxe Living Realty, for $24 million. Daniela Bonetti with the BFTeam at One Sotheby’s International Realty represented the buyer.
The agents declined to comment through their representatives.
The single-story, 7,000-square-foot home sits on a half-acre lot with a heated pool, outdoor kitchen and dock, according to the listing. It previously sold for $11.9 million in 2022, records show. The house was built in 1957 and expanded throughout the years.
The Colombos own a historic 1.6-acre waterfront estate on North Bay Road in Miami Beach that was built by Carl Fisher in 1927. Ugo Colombo paid $7 million for the property in 2008. It’s not on the market.
Colombo founded and leads his CMC Group, a Miami-based development firm with two active luxury condo projects in Coconut Grove. He also owns the Collection high-end car dealership in Coral Gables.
His Bay Point purchase marks a record for properties fronting Sabal Lake. It has 112 feet of water frontage.
A bayfront estate recently set a record in the same gated neighborhood. In January, Fatos Rosenberg sold a 1.7-acre mansion for $85 million. Later that month, former Miami Heat player Goran Dragić sold his waterfront home in Bay Point for $13.4 million.
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