With South Florida’s temperatures cooling to a mild mid-80 degrees, the luxury real estate market is gearing up for its busy season. Buyers and sellers are making their way back to the tri-county area and in the latest residential real estate news:
Miami Beach witnessed music manager Myles Shear acquiring a waterfront property for $8.6 million. Shear, known for managing DJ Kygo and co-founding the Palm Tree Crew with him, purchased the 5,000-square-foot home at 4442 Prairie Avenue. This impressive property, built in 2005 on 0.2 acres, boasts five bedrooms, seven bathrooms, and one half-bathroom. The deal was reported by The Hollywood Reporter. The buyer was represented by Jordan Karp of Jordan Karp LLC, while the listing was handled by Joel Lusky and Zalmy Shapira of the Brokerage South Florida Real Estate. The seller remains undisclosed, but records indicate it was sold for $5.4 million the previous year. Notably, Myles Shear recently tied the knot with Alexa Shabinsky, a senior digital editor at Modern Luxury.
In Miami’s Belle Meade neighborhood, an executive couple made a significant $10 million purchase of a waterfront spec mansion. Robin LaChapelle and Stephen Theobald acquired the 8,800-square-foot mansion at 7325 Belle Meade Boulevard from an LLC. The property, situated on 0.3 waterfront acres, offers seven bedrooms, eight bathrooms, one half-bathroom, a pool, a dock, and 80 feet of waterfront. Nicolas Izquierdo Chadwick of Sunland Real Estate handled the listing. LaChapelle is the COO and co-founder of Arrivent Biopharma in Miami Beach, while Theobald serves as the EVP and COO of Walker & Dunlop in Bethesda, Maryland. Bank of America provided $7 million in financing for their purchase.
Meanwhile, in Wellington, horse advocate Manda Kalimian sold her equestrian estate for $8 million. The 10-acre property, located at 4343 130th Avenue South, was acquired by Rancho Blanco 4343 LLC, a Florida entity. Martha Jolicoeur of Douglas Elliman managed the listing, and Sharon Loayza, also of Douglas Elliman, brought the buyer. Kalimian is renowned for her advocacy for rewilding horses in America and her role as the founder and president of the CANA Foundation, focusing on rewilding efforts and legislation. She originally purchased the estate for $1.7 million in 2012. The property features a 7,200-square-foot, five-bedroom main house with three bathrooms and one half-bathroom, in addition to two barns with a total of 15 stalls, staff quarters, and an all-weather training arena. Manda Kalimian is the wife of Albert Kalimian, the Managing Principal of A&R Kalimian Realty based in New York City.
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