Hedge Fund guru sells Miami Beach mansion for $14.5M

Miami /
Aug.August 20, 2014 12:45 PM

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.


Related Articles

arrow_forward_ios
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...