The Real Deal Miami

English billionaire sells La Gorce estate for $45M

Mike Ashley, who's worth $3.4B, bought the bayfront estate for $30M in 2013

April 13, 2016 09:45AM
By Katherine Kallergis

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Mike Ashley and 41 La Gorce Circle

Mike Ashley and 42 La Gorce Circle

English billionaire Mike Ashley has sold his waterfront Miami Beach estate  formerly owned by convicted banker David Paul for $45 million.

Interior of Castello del Sole

Interior of Castello del Sole

Records show Mash Miami bought the 1.6-acre property at 42 La Gorce Circle, known as Castello del Sol. London-based Michael P. Murray is director and president of Mash Miami.

Murray’s new home has at least 11 bedrooms, 14 bathrooms and three half-baths, according to a press release about its last sale in 2013. The property also features three docks, a new seawall and nearly 350 feet of Biscayne Bay frontage.

The seller founded the U.K.-based sporting retailer Sports Direct and owns Newcastle United Football Club. According to Forbes, Ashley is worth $3.4 billion, and he paid a then-record of $30 million for the property in 2013. Coldwell Banker’s The Jills team brokered that deal. Reached by phone on Wednesday, Eber told The Real Deal she was not involved in this most recent sale.

Former Centrust Bank Chairman David Paul, convicted on fraud charges in 1993, once owned the property.