Convicted fraudster’s Miami Beach manse lists for $29.5M

Miami /
Oct.October 30, 2015 03:00 PM

A waterfront mansion at 5930 North Bay Road — one of the many multimillion-dollar assets to be sold off following its owner’s tax fraud conviction — is now being listed at $29.5 million.

Whitehall, along with condos on Fisher Island and at New York’s Trump World, other homes and a variety of exotic cars, was among the possessions of Mauricio Assor and his son, Leon Cohen-Levy. The pair, owners of the Flatotel chain, had concealed more than $150 million in assets and failed to report more than $49 million in income to the Internal Revenue Service, according to a 2011 Forbes article, citing court documents. That year they were sentenced to 10 years in prison for tax evasion.

Jill Hertzberg and Jill Eber of Coldwell Banker’s the Jills now have the listing. The home had previously been listed by Pointe Group Advisors for $25,995,000.

The 13,637-square-foot estate sits on a 73,480-square-foot lot, with 200 feet of water frontage, and is being marketed for redevelopment.

Whitehall has nine bedrooms and seven and a half bathrooms. The home features a custom-built 35-foot by 50-foot pool, a dock and jet-ski lift, helipad and private gated entry to the property.

The estate’s illustrious past also links it to former President John F. Kennedy and the Bee Gees. Gossip tabloids had said that Kennedy had used the home to rendezvous with Marilyn Monroe and other lovers, according to a release. The house later belonged to a member of the Bee Gees, who hosted guests including a British prime minister.

Miami-Dade property records show the current owner as North Realty LLC, which lists Leon Cohen as manager. The entity purchased the home in 2002, but no monetary amount is recorded.

Whitehall has been vacant for years, caught in litigation between CDR Creances SAS, a French government agency, and the imprisoned property owners.

According to Forbes, the father-son team’s other toys included a Rolls Royce Phantom, a Porsche Carrera GT, a Bentley, a Ferrari Testarossa, a BMW Z8, a Dodge Viper, a limo and a $1.2 million helicopter. The two men titled the homes and cars and a $45 million investment portfolio in the names of shell companies formed in the Bahamas, the British Virgin Islands, Panama, Liechtenstein and Switzerland.

They also sold the New York Flatotel and directed the $33 million in proceeds to a bank account at HBSC in Switzerland, opened in the name of Panamanian bearer share company, without reporting the income on U.S. tax returns, according to Forbes, citing court documents.

Beyond the prison time, U.S. District Judge William J. Zloch ordered the father to pay $9.4 million in restitution, and the son to pay $7.7 million in restitution. A Bal Harbour mansion owned by the family was sold for $4 million last year.

“This is a rare opportunity,” Eber said in a statement, “for someone to own a piece of history and one of the best estate lots in Miami, featuring 200 feet of wide bayfront with stunning, unobstructed views toward downtown Miami.”


Related Articles

arrow_forward_ios
Apollo Global Management’s Josh Harris and Softbank CEO Marcelo Claure with the property (Getty)
SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
4412 North Bay Road
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
Dwyane Wade and Gabrielle Union with 5980 North Bay Road. (Getty, Brett Harris Homes)
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Dwyane Wade, Gabrielle Union sell waterfront Miami Beach estate for $22M
Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion
David Reiser and 5061 North Bay Road, Miami Beach (Google Maps)
JP Morgan managing director pays $7M for non-waterfront North Bay Road home
JP Morgan managing director pays $7M for non-waterfront North Bay Road home
Paul Morelli and 2700 North Bay Road, Miami Beach (Getty, Google Maps)
Paul Morelli buys waterfront mansion on North Bay Road for $18M
Paul Morelli buys waterfront mansion on North Bay Road for $18M
The home will be developed by Andres Isaias-led Andian Group and Alejandro Diaz Bazan of Coldwell Banker’s The Jills Zeder Group. (Bazan, Jills Zeder)
Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
The waterfront property in Miami Beach. (Google Maps)
The doctors are out: MDs sell waterfront teardown in Miami Beach for $8M
The doctors are out: MDs sell waterfront teardown in Miami Beach for $8M
arrow_forward_ios

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

Loading...