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South Florida

Former CEO picks up Key Biscayne home after $22M windfall

Dr. Maurice Ferre and 520 South Mashta Drive
Dr. Maurice Ferre and 520 South Mashta Drive

Dr. Maurice Ferre, the former president and CEO of Mako Surgical, a medical device company, made over $22 million when the company was sold last year. Now the executive has picked up a Key Biscayne home for $8.7 million.

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Ferre purchased the 3,630-square-foot waterfront home, located at 520 South Mashta Drive from Joseph and Pamela Donner, according to the South Florida Business Journal. The three-bedroom, four-bathroom home last traded in 1992 for $1.8 million.

Ferre paid cash for the 22,000-square-foot lot. [SFBJ] – Christopher Cameron

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Key Biscayne