Star Island manse fetches nearly $19M

Real estate investor Sam Jacobson paid $4.2M for property in 1998

Jul.July 14, 2014 10:30 AM

A Star Island mansion traded for nearly $19 million, The Real Deal has learned.

Real estate investor Sam Jacobson and his wife Roni sold their 31 Star Island Drive home in a transaction recorded on Friday, according to Miami-Dade County records. The couple paid about $4.2 million for the 11,000-square-foot house in 1998. The Miami Beach manse was constructed in 1926.

White Buffalo Partners is the buyer of the 10-bedroom, eight-bathroom mansion. The company did not obtain financing for the purchase. It is registered in Delaware, which does not identify corporate principals in state records.

The buying company lists 30 Star Island Drive as its mailing address. That home is owned by New York hedge fund manager Wayne Holman, who paid more than $28 million for the property in April.

Jill Eber and Jill Hertzberg of Coldwell Banker Residential Real Estate’s The Jills team listed 31 Star Island for sale. The manse was originally listed with a $23 million asking price. Features include a bar, boat docks, a gym, movie theater and tennis court.

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