UPDATED, 2:16 p.m., June 10: Singer Billy Joel has sold his Miami Beach Mediterranean-style mansion for $13.75 million in an all-cash deal, $1 million off its listed price, according to One Sotheby’s International Realty, whose agents brokered the deal.
The property at 82 La Gorce Circle was built in 2004 and boasts 8,881 square feet of living space, including seven bedrooms and eight and a half bathrooms, a wine cellar and expansive outdoor kitchen, according to the MLS listing.
TMZ reported the buyer as Diego Della Valle, owner of Tod’s and a majority shareholder in Saks Fifth Avenue worth a reported $1.55 billion. A spokesperson for One Sotheby’s was unable to confirm.
After six years in the house, Joel put it on the market in May 2012 for $14.75 million, nearly $1 million more than what he paid for it in 2006. An infinity pool runs parallel to the property’s 165 feet of water frontage on Biscayne Bay. Inside the house, second-floor balconies open up to a natural stone and marble, tiled courtyard adorned with arches, fountains, columns and forged iron light fixtures.–Emily Schmall