Hedge Funder Dan Loeb Just Sold His Waterfront Miami Beach Mansion for $35.5 Million
- Dan Loeb originally purchased a Miami Beach mansion for $20 million, listed it for $45 million, and it is now under contract to be sold for $35.5 million.
Four years ago, Dan Loeb forked over $20 million for a modern mansion overlooking Biscayne Bay in Miami Beach. Late last year, the East Coast-based founder and CEO of the hedge fund Third Point hoisted the property back up for sale at $45 million. The price was subsequently reduced to $41.5 million before it was removed from the market this past June. Now records show a newly incorporated LLC named after the home's exclusive North Bay Road address has stepped up to the plate, with the estate now under contract to be sold for $35.5 million.
That's around $10 million less than Loeb originally wanted for the palatial pad, but it's still $15 million more than he paid spec developer Peter Fine for the place in late 2020 before he invested some $10 million in upgrading the kitchen, millwork, and lighting. The listing was held by Danny and Jill Hertzberg of the Jills Zeder Group at Coldwell Banker; David Solomon of Berkshire Hathaway HomeServices EWM Realty repped the buyer.
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Indoor-outdoor living spaces are front and center throughout the bay-view home.
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Sequestered amid a walled and gated parcel spanning over a half-acre near the La Gorce Country Club, the architectural residence was designed by Choeff Levy Fischman . There are seven bedrooms and 12 baths in almost 14,000 square feet of living space on two levels accessible via a floating staircase and an elevator. Posh amenities include an office, a wine cellar, a wet bar-equipped screening/game room, a gym that flows to an outdoor yoga platform, and a massive roof deck providing bay and city skyline views, as well as an attached three-car garage and a dock resting along 100 feet of water frontage.
Among the other standout features are spacious living areas sporting floor-to-ceiling pocketing glass doors spilling outside, along with a formal dining room and a sleek gourmet kitchen outfitted with two islands, Wolf appliances, and an accompanying breakfast nook. An opulent primary suite is decked out with a seating area, a balcony, and dual walk-in closets and baths, while a separate two-bedroom guest wing has its own entrance.
A grassy lawn abuts a dock sitting along 100 feet of water frontage.
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Rounding it all out are the palm-laced grounds, which host a mosaic-tiled pool and spa abutting a sundeck and an open-air cabana equipped with a seated bar and a built-in barbecue.
California-born Loeb, whose personal wealth is estimated at around $3.3 billion, told the Miami Herald when he first listed the vacation getaway that he is selling because he wants to focus on his primary New York residence, which is in a particularly coveted area of East Hampton. Records show he also maintains a huge penthouse in a top Manhattan building that he picked up more than 15 years ago for just under $46 million.
Click here for more photos of the Miami Beach mansion
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