Private equity mogul Marc Leder sold his waterfront Miami Beach penthouse to Kayak CEO Steve Hafner for $24 million, marking a South of Fifth price-per-square-foot record.
Leder, co-founder of Boca Raton-based Sun Capital Partners, sold the 3,936-square-foot penthouse at Ocean House, at 125 Ocean Drive, for $6,097 per square foot. Hafner, co-founder and CEO of the travel search engine company, is returning to Ocean House after selling a unit there for just over $10 million in 2021.
Kayak is part of the tech travel company that now owns Booking.com, Priceline and OpenTable.
Leder’s sale to Hafner marks a 60 percent return on investment based on his purchase price. Leder paid $15 million for the four-bedroom, six-bathroom penthouse in 2013. Restaurateur Myles Chefetz sold the unit to him.
The unit has 4,452 square feet of exterior space, including a private rooftop with a pool, spa and outdoor kitchen, according to the listing. Sarah Williams and Ginette Behar of Societe Real Estate represented the seller. Corcoran Group’s Mick Duchon and Eloy Carmenate represented the buyer.
The 28-unit Ocean House was constructed in 2009.
The first condo sale to near the $6,000 per-square-foot record in Miami-Dade County was Miami Heat President Pat Riley and his wife Christine’s 2022 sale of their condo at Four Seasons Residences at the Surf Club, farther north in Surfside. The sale closed for $5,775 per square foot.
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