The estate of Scott Minerd, the late founder and managing partner at Guggenheim Partners, sold the second of two Miami penthouses he planned to combine into one of the largest penthouses in the city, The Real Deal has learned.
Robert Fedoris, Minerd’s longtime business associate, signed the deeds for both condos at Biscayne Beach, 2900 Northeast Seventh Avenue in Miami’s Edgewater neighborhood.
Minerd’s estate sold unit 5101 to Ari B. Sussman and Laurel Sussman last fall for $8.3 million, property records show. On Friday, the estate sold the second unit, penthouse 5102, to an undisclosed buyer for $9.5 million. The two sales total $17.8 million.
In April 2021, Minerd, who was chief investment officer of the New York and Chicago-based global investment giant, paid $12.5 million for the two units. Together they would total 22,547 square feet, including 16,312 square feet of interior space, and have two swimming pools and 12 parking spaces.
The developer, Two Roads Development, sold the condos at the time. The 51-story, 391-unit bayfront Biscayne Beach was completed in 2017.
The condos were part of Minerd’s fortune, which was estimated at $400 million around the time of his late 2022 death, the result of a heart attack while working out, according to the New York Times. His sudden death at age 63 ignited a fight over his estate. Minerd was married to actor and producer Eloy Mendez.
Bill Hernandez and Bryan Sereny of Douglas Elliman’s Bill and Bryan Team brokered the 2021 purchase, and also listed the units for Minerd’s estate. Coldwell Banker’s Danny Hertzberg represented the buyer of unit 5101. Redfin agent Cecilia Jakubowycz represented the buyer in the latest deal, the sale of unit 5202.
Penthouse 5202 has six bedrooms, eight bathrooms and spans 8,434 square feet, according to the listing.
Hernandez of Elliman said his client “wanted to make one of the greatest penthouses ever,” and called the latest sale bittersweet. “I’m sad he never got to do what he wanted to do,” he said.
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