Timbaland sells Miami Beach condo for $4.8M

Prominent attorney is buyer of Murano Grande unit

Dec.December 09, 2013 01:30 PM

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

Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Jeffrey Soffer and Fontainebleau Miami Beach

Fontainebleau Miami Beach reveals proposed addition

From left: Mick Duchon, Eloy Carmenate, Tara West, Alex Sapir, Oren Alexander, Jay Philip Parker, Dean Bloch

Movers & Shakers: Sapir announces sales team for Surfside project, Franklin Street taps retail head & more

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Amir Zwickel and a Showfields store

Showfields to bring new retail concept to Lincoln Road

Jay Parker and a rendering of CocoWalk

Douglas Elliman, Bluemercury among new tenants at CocoWalk

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

David Arditi of Aria Development Group and 321 Ocean

Condo association alleges construction defects at 321 Ocean: lawsuit