Soho gallery owner snags Residences at Bath Club condo

Company tied to Louis Meisel pays $5M for unit at Don Peebles-developed complex

TRD MIAMI /
Sep.September 16, 2014 10:30 AM

A New York company tied to the Soho art gallery of photorealism pioneer Louis Meisel paid $5 million for a four-bedroom condo at the Don Peebles-developed Residences at the Bath Club in Miami Beach, The Real Deal has learned.

Meisel’s Slam It LLC picked up the 4,600-square-foot unit at 5959 Collins Avenue in a transaction recorded on Thursday, according to Miami-Dade County records. His 141 Prince Street gallery is identified in the deed as the buying company’s mailing address. No financing was recorded.

The sellers, Luis and Jennifer Villa enjoyed a nice profit on the sale. They paid about $1.8 million for the condo in August 2012. The unit previously traded for $3.4 million in January 2006, shortly after Peebles completed the project.

A Brooklyn native, Meisel coined the term photorealism during the late 1960s. It refers to paintings that appear to be photographs in their finished form.

Meisel’s 20,000-square-foot gallery has one of the world’s largest pin-up art collections.


Related Articles

arrow_forward_ios
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
121 N Hibiscus Drive (Realtor)

Waterfront Hibiscus Island mansion sells for $8M

Waterfront Hibiscus Island mansion sells for $8M
Eighty Seven Park (iStock)

Eighty Seven Park’s priciest penthouse sells for $37M

Eighty Seven Park’s priciest penthouse sells for $37M
Jeffrey Soffer and Fontainebleau Miami Beach (Getty)

Fontainebleau Miami Beach’s $1B loan exits special servicing

Fontainebleau Miami Beach’s $1B loan exits special servicing
Developer Camilo Miguel Jr. and renderings of the project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Miami Beach approves zoning change allowing for Aman tower

Miami Beach approves zoning change allowing for Aman tower
arrow_forward_ios

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

Loading...