Hedge Fund guru sells Miami Beach mansion for $14.5M
New York hedge fund guru Scott Bessent sold his La Gorce Island mansion to a California film entrepreneur for $14.5 million, The Real Deal has learned.
The sale of the 9,719-square-foot home at 92 La Gorce Circle in Miami Beach was recorded by Miami-Dade County on Monday. Bessent paid $9.5 million for the one-acre waterfront property in January 2010. The seven-bedroom manse was originally constructed in 1939.
Bessent is the chief investment officer of Soros Fund Management, the private investment management firm led by billionaire George Soros.
Larry and Minoush Kuppin of Woodland Hills, Calif. are the buyers. The couple received a $7.3 million loan from Sabadell United Bank. Larry Kuppin was an executive at New World Pictures during the 1980s and still invests in independent movies.
Jill Hertzberg of Coldwell Banker Residential Real Estate’s The Jills team was the listing agent.