Waste management mogul Patrick Dovigi dropped $15 million on another waterfront house in Miami Beach’s Sunset Islands.
Records show his Dovfam Sunset LLC bought the house at 1601 West 24th Street on Sunset Island III from Franck and Agnes Cohen in an off-market deal. The property is next door to the 11,300-square-foot waterfront mansion he bought for $27.5 million in April. Between the two properties, his estate now spans 1.2 acres.
Dovigi founded Toronto-based GFL, one of the largest waste management companies in North America. In 2018, GFL merged with American trash giant Waste Industries. Dovigi, a former professional hockey goalie who played for the Edmonton Oilers, is considered one of Canada’s richest CEOs.
He is reportedly in the process of buying Microsoft founder Bill Gates’ $645 million eco-friendly superyacht, Breakthrough. He is frequently buying and selling homes in trophy markets. The Wall Street Journal estimated he has bought and sold $600 million worth of real estate in Aspen in the last five years.
In Miami-Dade County, he recently found a buyer for the waterfront Gables Estates mansion he had listed for $54.9 million. In July, he was linked to the $17.5 million purchase of a penthouse at Five Park in Miami Beach. He also reportedly owns homes in Toronto, Muskoka, and New York.
The Cohens bought the 4,500-square-foot waterfront house for $4.3 million in 2011, property records show. It was built in 1937 on 0.6 acres, and includes five bedrooms, five bathrooms, one half-bathroom, a pool and a sport court, according to records.
Buying out your neighbors has become a common practice among wealthy buyers in Miami Beach’s most coveted neighborhoods, where lot sizes over an acre are rare. Moneyed shoppers are willing to shell out for size: Last year, Anand Khubani dropped $100 million on a 3-acre La Gorce Island spread.
Dovigi’s purchase marks the latest pricey Sunset Islands deal. In July, ex-Credit Suisse CEO Tidjane Thiam sold a waterfront home for $21.5 million. In June, disgraced luxury broker Oren Alexander sold his waterfront mansion for $51.5 million.
