Music producer Tommy Mottola, and his wife, Mexican singer and actress Thalía, flipped their Surfside condo for $10.4 million, $2.4 million more than their purchase price less than a year ago.
Records show Mottola-led TNT Miami LLC sold unit S-307 at the Four Seasons Residences at The Surf Club to Richard Gold, a trustee of The South Fifth Residence Trust.
Mottola is chairman of Mottola Media Group and former chairman and CEO of Sony Music Entertainment.
Mottola and Thalía, whose real name is Ariadna S. Miranda, bought the 3,948-square-foot unit at 9001 Collins Avenue in Surfside for $8 million, or $2,026 per square foot, in May. This time it sold for $2,634 per square foot.
The initial listing price was $12.5 million in mid-January, and was raised to $12.7 million a few days later. A month earlier, Mary Anne Shula, widow of the late Miami Dolphins head coach Don Shula, was able to sell her Surf Club unit for $11.6 million.
Ximena Penuela with Fort Realty represented both sides in the recent sale.
The Four Seasons Residences at The Surf Club unit has four bedrooms and five-and-a-half bathrooms.
Thalía is referred to as the “Queen of Latin Pop,” and has sold 25 million records worldwide, according to La Nación. Mottola has worked with artists such as Carly Simon, John Mellencamp, Mariah Carey (his former wife), Celine Dion, Gloria Estefan, Ricky Martin, Shakira, Jennifer Lopez and Marc Anthony.
Also this year at the Surf Club, the co-managing partner of a private equity firm sold his condo in for $12.4 million.