The Real Deal Miami

Star Island home sells for $17.6M

Seller acquired property through Claudio Osorio's bankruptcy case
March 25, 2014 01:30PM

15 Star Island Drive

15 Star Island Drive

It’s apparently a busy week for sales of Miami Beach properties with connections to jailed businessmen.

The Star Island home previously owned by Claudio Osorio was sold for $17.6 million last Friday, according to Miami-Dade County records. Seller 15 Star, which is managed by Alfonso Rey, acquired the 15 Star Island Drive residence for about $12.8 million in 2011 as part of Osorio’s bankruptcy case. Osorio is currently serving a 12.5-year prison sentence for fraud.

Miami-Dade County recorded the transaction Monday.

Star Fifteen is the buyer of the nine-bedroom, 9,000-square-foot home. The company is managed by Frayda Lindemann, the wife of communications and natural gas mogul George Lindemann. Credit Suisse Lending provided Lindemann’s company with a $10 million mortgage.

The sale surpassed the $17 million asking price for 15 Star Island when the property was listed in July 2012. — Eric Kalis