Timbaland sells Miami Beach condo for $4.8M

Prominent attorney is buyer of Murano Grande unit

Dec.December 09, 2013 03:10 PM

From the South Florida Site: Songwriter, rapper and music magnate Timbaland, a producer for artists such as Justin Timberlake and Nelly Furtado, has sold his Miami Beach condo at the Murano Grande building for $4.8 million, The Real Deal has learned.

The property, which came on the market in August, will sell to a prominent New York-based attorney who already resides in the same building, the buyer’s broker Diana Conforti of Douglas Elliman’s Alexander Team told The Real Deal. Timbaland was represented by Oren Alexander, also of the Alexander Team.

The deal went under contract Nov. 29 and will close Dec. 16, Conforti said.

Timbaland, real name Timothy Zachery Mosley, reportedly purchased the unit, at 400 Alton Road in Miami Beach, for $2.7 million in 2006. He had planned to make it his primary residence but never moved in, Conforti said. She said she was not sure of the reason for his change of heart. Instead, he listed the unit for $5.2 million this summer.

The three-bedroom, four-bathroom property totals almost 4,000 square feet, according to the listing. Timbaland gut-renovated it and installed a state-of-the art sound system as well as a Portuguese limestone shower and Italian marble countertops.

Conforti declined to identify the buyer but said he was looking to upgrade and will now list his previous unit in the building for sale, asking $4.5 million.

In a statement, Alexander told The Real Deal that the deal “is a good testament to the hot Miami market.”

“It’s 80 degrees with clear skies today in Miami Beach,” he said. “No wonder New Yorkers are buying.”

Related Articles

John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

1 Central Park South, 1007/1009 and Valery Kogan (inset)

Opulent Plaza Hotel unit listed for $45M

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo to investment banker Barry Zubrow

Steve Cohen

Corcoran’s Steven Cohen and team jumps to Elliman

(Credit: iStock)

Slowing sales and tumbling prices: A decade in Manhattan townhouse sales