The Real Deal Miami

Ex-Redskins co-owner chops Four Seasons unit ask by $5M

Tower's biggest apartment goes from $27M to $22M
By Mark Maurer | October 03, 2013 03:10PM


From left: 1425 Brickell Avenue, unit 54 DEF, and Fred and Lora Drasner

Fred Drasner, a former co-owner of the New York Daily News and the Washington Redskins NFL team, chopped the asking price of his Four Seasons condominium from $27 million to $21.95 million, the listing broker told The Real Deal.

The five-bedroom, six-bathroom unit is on the 54th floor of the Four Seasons Residences at 1425 Brickell Avenue in Miami — the tallest tower south of New York City. Drasner and his wife Lora listed the unit in July with Douglas Elliman brokers John Sandberg and Ann Nortmann.

The condo is the largest in the building, containing a $5 million home theater, spa, billiards room and three balconies. Sandberg estimates there is “$10 million worth of craftsmanship,” from the antique doors to the custom, built-in cabinets.

“It was listed at $3,000 per square foot, but the Miami market is not at $3,000 per square foot,” Sandberg said. The price chop now sets it at $2,463 per square foot.

Drasner, a onetime partner of developer Mort Zuckerman, primarily resides in Aspen, Colo. He bought the condo as new construction in 2003. Sandberg said the property was never in the Multiple Listing Service and he is unsure of the purchase price.