Crypto investor Zach Witkoff sold a villa at the Ritz-Carlton Residences, Miami Beach to retail investor Todd Nepola and his ex-wife, Alexia Nepola, of “The Real Housewives of Miami” fame, The Real Deal has learned.
The Nepolas paid $5.3 million for the 4,185-square-foot home on North Meridian Avenue, according to a source. Todd Nepola represented himself in the deal, according to the MLS. Douglas Elliman’s Devin Kay represented the seller. Kay declined to comment.
The three-bedroom, three-and-a-half-bathroom villa is one of the detached homes that was part of the Ritz Miami Beach development. It was built in 2021 on a quarter-acre lot.
The Nepolas finalized their highly publicized divorce, which played out on “The Real Housewives of Miami,” last year. It’s unknown if the former couple is back together. Bravo paused the reality show earlier this year, months after Todd filed a defamation suit against Bravo. Nepola appeared in seasons four and five of the show.
Todd leads Hollywood-based investment and brokerage firm Current Capital Group. The company focuses on grocery-anchored and neighborhood shopping centers, but also dabbles in industrial properties, according to its website. Alexia owns and operates Alexia + Frankie’s Beauty Bar in Surfside.
Witkoff, one of Steve Witkoff’s sons, paid just over $5 million for the Miami Beach home in 2021, according to property records.
Zach is CEO of World Liberty Financial, the cryptocurrency venture he and his brother Alex co-founded with the Trump family. World Liberty is being sued by an investor, Justin Sun, who accused the firm of “criminal extortion” after his assets were frozen, according to the Daily Beast. Witkoff has said that Sun’s claims are “entirely meritless.”
This week, video footage came to light that shows Zach’s arrest in 2022 on previously unreported charges of felony possession of cocaine, as well as disorderly conduct and resisting arrest. Zach was arrested outside of the Miami nightclub E11even in the early hours of New Year’s Day and was found to have the drug on him. The charges were later dropped.
Zach was an executive at the Witkoff Group, the firm his father Steve — now Special Envoy to the Middle East — founded and previously led.
Read more
“Stop dropping names”: Body cam video shows Zach Witkoff’s arrest
Reality check: Todd Nepola files “Real Housewives of Miami” defamation suit
