In the latest roundup of South Florida luxury real estate deals, Chinese billionaire Li Ge sold a waterfront mansion in Fort Lauderdale.
Deals spanned Miami Beach to North Palm Beach, and ranged in price from $8.2 million to $12.3 million.
Miami Beach
In Miami Beach, a businessman sold a waterfront house in Biscayne Point for $9.9 million.
Records show Bispoint LLC, a Florida entity managed by Paul Mata, sold the house at 7980 Biscayne Point Circle to Jacqueline Fischer in an off-market deal. Records show Mata is the manager of several of Florida LLCs.
Mata bought the house for $1.5 million in 2004, according to property records. It was built in 1982 on 0.3-acres and spans 4,200 square feet, with four bedrooms, five bathrooms, one half-bathroom and a dock, records show.
Fort Lauderdale
In Fort Lauderdale, Chinese pharmaceuticals billionaire Li Ge sold his waterfront mansion for $12.3 million.
Records show Li’s Hodge Mountain LLC, a Delaware entity, sold the house at 38 Isla Bahia Drive to a Florida entity with a mailing address in Lubbock, Texas, and managed by Cone Enterprises office manager Vicki Winegeart. Cone is an oil and gas company, according to Dun & Bradstreet.
Li is a Chinese billionaire and the founder of Wuxi Apptec, a global firm that performs research and clinical trial services for drugmakers. He has a net worth of $5.3 billion, according to Forbes.
Li bought the Fort Lauderdale house for $9.1 million in 2021, according to property records. It was built in 2013 on 0.3-acres, and spans 8,100 square feet, with seven bedrooms, seven bathrooms, one half-bathroom, a pool and a 100-foot dock, records and the listing show.
He listed it for $15 million in August, according to Zillow.
Shai Mashiach with Coldwell Banker Realty had the listing, and Michele A. Holtzheuser with Florida Luxurious Properties brought the buyer.
North Palm Beach
In North Palm Beach’s gated Lost Tree Village community, the founder of a Canadian baby products maker bought a house for $8.2 million.
Records show Maurice Pinsonnault’s 16902235 Canada bought the house at 1042 Palm Way Road from the estate of Marie Weigl.
Weigl was the widow of the late Henry Weigl, the longtime CEO and chairman of Standard Brands, the packaged food company that then made Planters Nuts, Baby Ruth and Butterfinger. Standard Brands merged with Nabisco in 1981, which has since merged with Kraft Foods, according to published reports.
Henry Weigl died in 2010, and Marie Weigl died in September. She bought the house for $3.4 million in 2014, according to property records. The 5,600-square-foot home was built on 0.6-acres in 1966 and has five bedrooms, five bathrooms and a pool, records show.
The buyer, Pinsonnault, is the founder of Montreal-based Angelcare, a maker of baby and toddler products. He is a frequent investor in Palm Beach County property. In 2020, he sold a waterfront Palm Beach home for $14 million and a North Palm Beach condo for $7.4 million.
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