Ugo Colombo boosts mortgage on North Bay Road estate

Miami /
Aug.August 19, 2015 10:35 AM

Ugo Colombo and his wife Sara Colombo boosted their mortgage to $25 million last week, according to Miami-Dade County records. 

The financing covers their 1.57-acre estate on North Bay Road in Miami Beach. Mortgage documents show that Colombo took out $18.5 million last week. The 1927-mansion was redeveloped by Todd Glaser and redesigned by Chad Oppenheim, according to Glaser’s website. The developer paid $16.8 million for the Carl Fisher estate in 2005.

The 22,175-square-foot home includes a whopping 12 bedrooms, 19 bathrooms and three half-baths. It also features a marble patio, pool, dock and elevator, according to Miami-Dade property records.

JP Morgan Chase was the lender. The original mortgage was for $20 million in 2012, with a remaining $6.49 million in financing today, records show.

Colombo’s CMC Group listed the 0.8-acre assemblage at 830 Brickell up for sale earlier this year. CMC had plans for a Brickell Flatiron II on the property.


Related Articles

arrow_forward_ios
Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
Mila restaurant to add entertainment venue on Lincoln Road
Mila restaurant to add entertainment venue on Lincoln Road
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
Gabriele Braha and Avihai Daniell with the properties (Red Group)
Family office buys South Beach short-term rental portfolio for $14M
Family office buys South Beach short-term rental portfolio for $14M
arrow_forward_ios

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

Loading...