Real Estate News

Waterfront Miami Beach mansion sells for $19 million

This nine-bedroom mansion in Miami Beach’s La Gorce neighborhood sold for $19 million.
This nine-bedroom mansion in Miami Beach’s La Gorce neighborhood sold for $19 million.

A waterfront mansion in Miami Beach sold for $19 million Monday, according to its listing agents.

The nine-bedroom, Mediterranean-style home sits on 1.1 acres at 6385 Pine Tree Drive Circle in Miami Beach’s ritzy La Gorce neighborhood. It overlooks Indian Creek and offers a two-bedroom guest house, pool, koi pond, wine cellar and private dock.

South Florida mega-brokers Jill Hertzberg and Jill Eber represented the seller, aerospace industry executive Robert Nichols, who paid $8.05 million in 2006. The 1937 home has been extensively remodeled. It was listed for $25 million last year before the price was knocked down to $21 million in January, according to Realtor.com.

No deed has been recorded in Miami-Dade County property records. But a source with knowledge of the deal said the buyer was a Londoner who used a Florida limited liability company called 6385 PTDC to make the purchase. The manager of the company, Gavin Werbeloff, told the Miami Herald he could not reveal the name of the buyer, who wanted to be “discreet.” LLCs don’t have to disclose their true owners.

Howard Marcus of Douglas Elliman represented the buyer.

The deal is the third-highest for a single-family home in Miami Beach so far this year and the fifth-highest in Miami-Dade.

In April, an English billionaire sold his mansion on La Gorce Island for $45 million to a company managed by his daughter’s boyfriend. In July, an energy drink mogul paid nearly $20 million for a home on North Bay Road. Properties in Coconut Grove and Coral Gables traded for $34.6 million and $23.5 million earlier in the summer.

Nicholas Nehamas: 305-376-3745, @NickNehamas

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