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Notable Moguls Make Massive Investments in South Florida Homes

In the recent high-end residential real estate transactions in South Florida, several notable buyers have made their mark, including figures from the self-storage industry, dairy business, and luxury jewelry market. The sales spanned from Palm Beach to Miami, with prices ranging from $6.8 million to $14 million.

Two of the notable sales took place at the Estates at Acqualina, an oceanfront condominium in Sunny Isles Beach developed by the Trump Group. Last year, LeBron James acquired a unit in the project for $9 million. In the latest round of purchases, Jay Schneier, President, and Co-owner of Cream-o-Land Dairy, acquired unit N-4102 in the north tower for $9.1 million. Cream-o-Land Dairy, based in Florence, New Jersey, is one of the largest dairy providers in the Northeast, with estimated revenue of $85 million last year. Another buyer at Estates at Acqualina was Angela Arabov, CEO of Jacob & Co, a New York City-based fine jewelry and watchmaker. Her Florida entity, N2002 Acqua LLC, acquired condo N-2002 for $6.8 million. Jacob & Co has collaborated with brands like Bugatti and South Florida resident Lionel Messi for exclusive collections.

In Miami, self-storage mogul Jay Massirman purchased a non-waterfront mansion in the Ponce-Davis neighborhood near Coral Gables for $8.5 million. The property, located at 5001 Pine Drive, offers nearly 9,000 square feet of living space, eight bedrooms, eight bathrooms, a half-bathroom, and a pool on a one-acre lot. The deal was facilitated by Jennifer Goldstein of Official and Judy Zeder of the Jills Zeder Group at Coldwell Banker Realty. Jay Massirman is a founding partner of Basis Industrial, a Coconut Grove-based self-storage provider that owns more than 15 million square feet of space.

In Palm Beach, Jane Baird and her husband, Girard Polk Brownlow III, sold their non-waterfront home for $14 million. The property, located at 168 Kings Road, was sold to a Delaware entity named for the address. The house, which was recently renovated, sits on 0.4 acres and offers 3,600 square feet of living space, including five bedrooms, six bathrooms, two half-bathrooms, and a pool. Lisa Cregan of Sotheby’s International Realty represented the seller, while Brooke Murphy of Compass represented the buyer. Baird had purchased the house for $4.1 million in 2013.

These luxury real estate transactions highlight the diverse range of buyers and the continued demand for high-end properties in South Florida’s competitive real estate market.

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