Johnny Grobman, a convicted fraudster currently serving an 18-year prison sentence, sold his waterfront Golden Beach home for $16.6 million.
That’s down from the $20.9 million he first listed it for two years ago. Records show Grobman and his wife, Noemi Geller, sold the house at 100 Golden Beach Drive to 100 GB Property LLC, a Delaware entity. The true buyer is unknown. The sellers provided $11.8 million in financing for the buyer, records show.
Alan Eskenazi Bone and Alexander Goldstein with Miles Goldstein Real Estate had the listing.
Grobman and Geller bought the Golden Beach home for $5.3 million in 2013, according to property records. It was built on 0.6 acres in 2004 and spans 7,800 square feet, with six bedrooms, five bathrooms, two half-bathrooms, a pool and a 120-foot dock, records and the listing show.
The home hit the market in 2023 asking $20.9 million, and the price dropped four times in the following years, Zillow shows.
Grobman was sentenced in 2022 to 18 years in prison for his role in a baby formula sales scheme that defrauded U.S. manufacturers and flouted FDA regulations. According to the U.S. Department of Justice, for 12 years Grobman and his co-conspirators, husband and wife Raoul Doekhie and Sherida Nabi, secured baby formula at steep discounts under the false pretenses they had government contracts to sell the products in Suriname.
They were ultimately found guilty of “conspiring to commit wire fraud; wire fraud; money laundering; conspiring to obtain pre-retail medical products worth $5,000 or more by fraud or deception, theft of pre-retail medical products; and smuggling goods from the United States,” according to the DOJ. As part of his sentencing, Grobman is also on the hook for $142.6 million in restitution and $87.2 million in forfeiture money judgments.
The home sale marks the latest pricey deal in Golden Beach. Last year, Miami cosmetic surgery center owner Daniel Gonzalez sold his oceanfront home for $22 million, one month after upsizing to another oceanfront estate in the neighborhood for $34 million.
