Vonage founder pays record $8.95M for Singer Island condo

Miami /
Jul.July 27, 2015 03:45 PM

The founder of Vonage paid $8.95 million at the Ritz-Carlton Residences Singer Island, The Real Deal has learned. 

Jeffrey Citron beat out the previous Singer Island record of $8.8 million. Citron, reportedly worth more than $100 million, founded the Internet telephone service company and was appointed chairman of Vonage in 2001.

He bought the remaining Tower Suite at the Ritz, which features four bedrooms and five-and-a-half bathrooms. The turnkey, 9,180-square-foot unit includes 7,445 square feet of interior space and a 1,735-square-foot terrace. Among the features: a grand master suite, a private elevator foyer, a formal dining room, a bar area, family room, den and sitting room, developers said.

The Ritz-Carlton Residences Singer Island is a twin-tower condo complex at 2700 North Ocean Drive. Formerly known as 2700 North Ocean, the buildings were re-branded as Ritz-Carltons by owner Lionheart Capital, which paid $117.3 million to acquire 146 unsold condos in the complex.


Related Articles

arrow_forward_ios
Alec Scheiner, former Cleveland Browns president, with 249 Sandpiper Drive in Palm Beach (RedBird Capital, Sotheby's International Realty)
Ex-Cleveland Browns president scores Palm Beach home
Ex-Cleveland Browns president scores Palm Beach home
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Does it come with a home theater? IMAX director buys oceanfront Palm Beach house for $29M
Thomas Iovino and the Palm Beach property (Iovino via LinkedIn, Brown Harris Stevens via Realtor)
Construction chief buys flipped Palm Beach spec mansion for $18M
Construction chief buys flipped Palm Beach spec mansion for $18M
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Todd Michael Glaser with 10 Tarpon Isle (Todd Michael Glaser)
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Spec home developer Todd Glaser, partners buy entire Tarpon Island in Palm Beach for $85M
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
Moving on up: Wealth manager upgrades to $15M Palm Beach home
David Salomon and 229 Ridgeview Drive, Palm Beach (Google Maps)
Wealth manager sells Palm Beach house for $9M
Wealth manager sells Palm Beach house for $9M
arrow_forward_ios

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

Loading...