The Real Deal Miami

Yard House founder pays $8.1M for Fisher Island condo, cabana

Sale includes $800,000 for one of six cabanas at Palazzo del Sol

March 23, 2016 09:45AM
By Katherine Kallergis

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Renderings of Palazzo del Sol

Renderings of Palazzo del Sol

The founder and former CEO of Yard House is one of the first to close on a unit at Palazzo del Sol, a newly completed Fisher Island condominium.

Steele Platt

Steele Platt

Steele Platt paid $7.3 million for a 5,539-square-foot unit at Palazzo del Sol, a 10-story condo building, with 47 units and six cabanas. His new condo includes a 1,704-square-foot wraparound terrace, private elevator entry, floor-to-ceiling windows and an Apure lighting system by Porsche Design Studio. In addition, Platt paid about $800,000 for the cabana.

Platt, who sold the restaurant chain to Darden for $585 million in 2012, will make the three-bedroom, three-and-a-half bathroom unit his primary home. His signature Boffi kitchen will feature Gaggenau and SubZero appliances.

Joseph Zichelle and Ani Sierra of ONE Sotheby’s International Realty represented Platt, according to a spokesperson for the brokerage. Platt paid $1,318 per square for the unit, which was listed for $8.55 million or $1,544 per square foot. Prices at Palazzo del Sol range from $6.5 million to $35 million.

Platt isn’t alone. Four other units have closed at Palazzo del Sol, which is the 59th new condo tower to close east of I-95 in the tri-county region since this cycle started in 2011. Barbara Digan Zweig, the widow of stock investor, investment adviser and financial analyst Martin Zweig, paid $8.5 million for unit 7033 last week, county records show.

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