The Real Deal Miami

BurgerFi founder pays $12M for Las Olas mansion

Previous owners ordered by court to pay millions for loan judgment

August 18, 2015 05:15PM
By Sean Stewart-Muniz

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The mansion at 315 Royal Plaza Drive, and its yet-to-be-built accompanying garage

The mansion at 315 Royal Plaza Drive, and its yet-to-be-built accompanying garage

John Rosatti, a man who recently made a fortune atop a mountain of meat, just paid $12 million for a waterfront mansion in Fort Lauderdale’s booming neighborhood of Las Olas.

The home is located at 315 Royal Plaza Drive, which fronts one of the long canals that stretch from East Las Olas Boulevard. 

Entrepreneur and BurgerFi founder John Rosatti

Entrepreneur and BurgerFi founder John Rosatti

It’s a two-story house that measures 8,764 square feet and is U-shaped, with a central courtyard that’s decorated with palm trees and a pool near the canal.

The sale includes a next-door garage that the owners built in 2007. That alone is 3,942 square feet, and together the properties make up 0.8 acres of waterfront land. Rosatti took out a $7.2 million mortgage from Wells Fargo Bank to finance the deal.

Both properties were sold by Mayer Shirazipour and his wife Gabrielle Shirazipour. The two own Aero Toy Store, a Fort Lauderdale-based dealer of private jets and helicopters. They paid $6.65 million for the home and its accompanying lot in 2005.

Broward County records show that the couple was served judgment papers this year for loans on the house from Bank of America and MBG Finance Holdings. They were ordered to pay a total of $1.686 million to Bank of America and $960,519 to MGB, including attorney fees.

Rosatti is a self-described businessman and entrepreneur, whose ventures began in the automotive industry in Brooklyn. His first major project was the Brooklyn Auto Mall, which helped him buy more dealerships in the surrounding area, and eventually in Nevada and Florida, according to his website.

His fast food chain BurgerFi, which he started in Florida, has become a breakout hit in the United States. The company is looking to open 150 locations across the country.

  • Hindsight20

    I’ve been in the house and the amazing garage. Beautiful!

  • Anonymous

    The man has a good taste in houses, but I wonder if he’s ever tasted his own food… First, BurgerFi is quite possibly the most stupidest names I’ve heard for a restaurant. Also, the food is incredibly mediocre and overpriced to compensate liquor license fees for disgusting craft beer sludge. How could you screw up something as classic as a hamburger? A decent person would choose Five Guys in a heartbeat.