Canadian authentic estate investor Daniel Gryfe sold his waterfront Miami Beach front mansion for $16 million.
Gryfe’s 4411 Florida LLC marketed the household at 4411 Pine Tree Generate to fellow serious estate investor Babba Yesharim, resources verified.
Mendel Fellig of Compass experienced the listing, and Yesharim, who hangs his license with Beachfront Realty, represented himself.
Yesharim is CEO of Riverside District Development, a Miami-dependent serious estate agency that has invested intensely in property by the Miami River. In August, Yesharim listed a 1.2-acre riverfront enhancement web site for $26 million. He acquired the land for $5.6 million in 2021 and experienced announced strategies to develop a 36-device condominium on the web-site. Earlier this month, Yesharim sold his property at 2957 Flamingo Push in Miami Seaside for $10.5 million. He purchased it for $3.2 million in 2017, data exhibit.
Gryfe helms Ontario-based mostly Precise Capital Administration and New York City-based mostly Mbark Worldwide, the two real estate expense corporations. Previous calendar year, Gryfe’s Mbark bought an business park in the suburbs of Chicago for $64 million.
He acquired the waterfront Pine Tree Push home for $12.3 in 2021, records clearly show. The 12,800-sq.-foot mansion was constructed in 1933 on .9 acres, and expanded numerous times 1953 and 2016, according to assets data. The house has 10 bedrooms, 10 loos, a few 50 percent-bogs, two visitor properties, a recreation space, a pool and 100 toes of docking house, the listing demonstrates.
Gryfe mentioned it for $18 million in March, Redfin displays.
This closing marks the most up-to-date expensive Pine Tree Travel sale in a recent string of deals on the coveted avenue that operates alongside the Intracoastal Waterway. Previously this thirty day period, Uber investor Shervin Pishevar bought his waterfront estate on Pine Tree Travel for $21.2 million. Past thirty day period, billionaire Teddy Sagi went into agreement for a 1.4-acre waterfront teardown for $24 million.
