Timbaland sells Miami Beach condo for $4.8M

Prominent attorney is buyer of Murano Grande unit

New York /
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

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
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 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
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(Unsplash / Paulo Silva)
Manhattan resi market has busiest quarter in 3 decades
Manhattan resi market has busiest quarter in 3 decades
(Getty)
Douglas Elliman mandates staff vaccination at offices nationwide
Douglas Elliman mandates staff vaccination at offices nationwide
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
Richard Steinberg (Courtesy of Compass)
Richard Steinberg jumps from Douglas Elliman to Compass
Richard Steinberg jumps from Douglas Elliman to Compass
Josh Flagg (Getty)
“Million Dollar Listing” star Josh Flagg jumps to Elliman
“Million Dollar Listing” star Josh Flagg jumps to Elliman
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...