The Real Deal Miami

Belgian diamond mogul buys Venetian Islands home for $6.6M

Waterfront house was redeveloped in 2003

August 11, 2016 05:15PM
By Katherine Kallergis

  • Print
San Marino Drive

314 West San Marino Drive

A company controlled by Fabrice Finkelstein of the Belgian diamond family paid $6.6 million for a waterfront Venetian Islands home.

Records show Kib 1 LLC bought the seven-bedroom, two-story home at 314 West San Marino Drive from Albert and Margo Lee Hofeldt.

The Belgian corporation Finkelstein includes Finkelstein Diamonds, commercial and residential real estate arms, a water distribution company, Cartier and Piaget distributors, and a valet parking and related services company, according to its website. Corporate records show the buyer of the Miami Beach home, Fabrice Finkelstein, lists the firm’s Belgian headquarters as its address.

Calibre International Realty’s Julian Johnston listed the 6,658-square-foot home for $7.9 million, according to The house, built in 1980, was redeveloped in 2003 with interiors by Allen Saunders. It features an infinity edge pool, hot tub, dock, terraces and a summer kitchen.

Listed for $1,187 per square foot, the Hofeldts sold it for $991 a foot. The Venetian Islands house sits on a 10,500-square-foot lot.

Johnston could not immediately be reached for comment.