Hedge fund manager Nick Maounis is the buyer who recently paid $75 million for a waterfront estate in Miami Beach, The Real Deal has learned.
Maounis and his wife, Susan, acquired the 21,700-square-foot, nine-bedroom mansion at 88 La Gorce Circle, sources told TRD. Records show Okto, owned by the Kollmans, a wealthy German family, sold the 1-acre property.
Maounis is CEO of Greenwich, Connecticut-based Verition Fund Management. He also founded Amaranth Advisors hedge fund, which collapsed in 2006 after losing more than $6 billion on natural gas futures. It marked one of the biggest hedge fund collapses in history.
Maounis and his wife also own a waterfront estate on Pine Tree Drive in Miami Beach. They paid $26 million for the property in 2022, records show. David and Leila Centner, owners of the Centner Academy, sold the mansion to the Maounises.
The La Gorce purchase marks a record for completed homes on the island, and one of the most expensive home sales in Miami-Dade County.
The estate, with 12 bathrooms, three-half bathrooms, a guest house and staff quarters, was built in 2008 by Todd Michael Glaser. The property includes a “Guggenheim-inspired” staircase with a skylight, a pool, 260 feet of water frontage, two docks and a five-car garage, according to the listing.
It was on the market for about two weeks before entering into contract. Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the seller, while Ryan Mendell of Maxwelle Real Estate Group represented the buyer.
Gonzalez declined to comment. Mendell could not immediately be reached for comment.
The buyer plans to gut-renovate the property. Mendell wrote in an email to TRD earlier this month that the buyer is working with designers and architects to make the home “even more spectacular than it already is.”
Earlier this year, billionaire developer Vlad Doronin sold his waterfront Star Island estate in Miami Beach for $120 million, the new benchmark for single-family home sales in Miami-Dade. Doronin’s Garden Islands International LLC sold the 2.5-acre property at 26 Star Island Drive to Constellation Drive LLC, a Delaware entity led by businessman Michael Ferro. Sources say that Ferro is not the real buyer of the property and that billionaire hedge fund manager Ken Griffin purchased the estate.
In March, developer James Curnin and his wife, Jennifer, sold their mansion at 66 La Gorce Circle on La Gorce Island for $60 million. Months earlier, consumer goods multimillionaire Anand Khubani paid $100 million in September for the properties at 18, 22 and 24 La Gorce Circle, where he plans a massive estate.
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