The founder and president of a Miami and Boston-based commercial real estate company paid $ 9 million for a house on the waterfront Venetian Islands and is now seeking a tenant for the property.
Jonathan Cox of The Federated Companies acquired the six-bedroom, 4,833 square foot home at 515 East Dilido Drive in Miami Beach, according to Douglas Elliman, who negotiated the sale. Property records show Blas Reyes and Hilda Reyes sold the house.
It was built in 1938 and last sold in 1995 for $ 780,000.
Pier Paolo Visconti of the Carmenate / Duchon d’Elliman team represented the seller, and Eloy Carmenate and Mick Duchon brought the buyer.
The property is now listed for rent for $ 60,000 per month with Carmenate and Duchon, amid increased demand and limited inventory of waterfront homes in Miami Beach. Sales of luxury beach homes have jumped in recent months, including all of the Venetian Islands.
Near Cox’s property, vitamin mogul Andrew Lessman sold his waterfront mansion at 825 East Dilido Drive in CEO of Americor, a debt settlement company, for nearly $ 17 million.
Technology investor Keith Rabois also recently paid a record $ 28.9 million for a waterfront mansion at 1429 North Venetian Way.
Cox previously bought a special house on the Sunset Islands, which he sold in 2016 for $ 6.3 million.
Cox founded Federated Companies approximately 20 years ago and the company acquires, develops and manages multi-family, hotel and commercial properties.