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New York

Construction executive picks up Golden Beach home in record deal

Former Miramax owner, Ronald Tutor paid a record $22.5M for the home near Miami

Ronald Tutor and his new home in Golden Beach, Fla.
Ronald Tutor and his new home in Golden Beach, Fla.

Construction executive and former owner of Miramax, Ronald Tutor has paid $22.5 million for an oceanfront home in Golden Beach, Fla., near Miami.

According to the Wall Street Journal, Tutor picked up the property in an off-market deal with videogame developer Joel Hochberg. Diane Lieberman of South Beach International Realty and Ralph Arias of ONE Sotheby’s International Realty brokered the deal.

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The transaction was the most paid for a home in Golden Beach to date.

“My wife and I love Miami,” Tutor told the Journal. This house “afforded us a beautiful home on the beach, yet in close proximity to the city, which we enjoy.” [WSJ] – Christopher Cameron