Miami Beach, which was home to Colombian drug lord Pablo Escobar in the 1980s, now has a new owner.
Founder of chicken cuisine Christian de Berdouare and his wife, former local news presenter Jennifer Valoppi, sold a 30,000-square-foot property on 5,860 North Bay Road to New York-based developer Jarrett Posner, founder and chairman of New York-based BMC Investments, for $ 10.95 million.
Mirce Curkoski and Albert Justo of One Sotheby’s International Realty represented the seller, while Brett Harris of Douglas Elliman brought the buyer.
The buyer plans to build a new house on the land, in which he will live, Harris said. The owner is represented by Todd Michael Glaser and the house is designed by Domo Architecture + Design.
Harris called it a “special property for a special family” and one of the best plots of land on North Bay Road overlooking downtown Miami.
De Berdouare and Valoppi demolished the house in 2016 with plans to build a special house on this property. The couple paid $ 9.65 million for the house in May 2014. At one point, they put the property up for sale for $ 21 million, later price reduction.
Escobar, who was shot dead in 1993 in Medellin, paid $ 760,000 for North Bay Road in 1980. The government confiscated it in the 1980s.
A luxury residential market on the waterfront in Miami Beach has burned in the last few months. Near North Bay Road, the billionaire founder of Shutterstock paid a record $ 42 million for a mansion north of Mount Sinai Medical Center.
Earlier this week, CEO of AmeriSave Mortgage Corp. paid. $ 8.2 million on the waterfront in Miami Beach at 6050 North Bay Road, next to its headquarters. And a mogul in the hospitality industry David Grutman closed the Grammy-winning house of Spanish artist Alejandro Sanz on North Bay Road in 2050, where he plans to build a new home.