The Real Deal Miami

Yard House founder pays $8.1M for Fisher Island condo, cabana

Sale includes $800,000 for one of six cabanas at Palazzo del Sol
Renderings of Palazzo del Sol

Renderings of Palazzo del Sol

The founder and former CEO of Yard House is one of the first to close on a unit at Palazzo del Sol, a newly completed Fisher Island condominium.

Steele Platt

Steele Platt

Steele Platt paid $7.3 million for a 5,539-square-foot unit at Palazzo del Sol, a 10-story condo building, with 47 units and six cabanas. His new condo includes a 1,704-square-foot wraparound terrace, private elevator entry, floor-to-ceiling windows and an Apure lighting system by Porsche Design Studio. In addition, Platt paid about $800,000 for the cabana.

Platt, who sold the restaurant chain to Darden for $585 million in 2012, will make the three-bedroom, three-and-a-half bathroom unit his primary home. His signature Boffi kitchen will feature Gaggenau and SubZero appliances.

Joseph Zichelle and Ani Sierra of ONE Sotheby’s International Realty represented Platt, according to a spokesperson for the brokerage. Platt paid $1,318 per square for the unit, which was listed for $8.55 million or $1,544 per square foot. Prices at Palazzo del Sol range from $6.5 million to $35 million.

Platt isn’t alone. Four other units have closed at Palazzo del Sol, which is the 59th new condo tower to close east of I-95 in the tri-county region since this cycle started in 2011. Barbara Digan Zweig, the widow of stock investor, investment adviser and financial analyst Martin Zweig, paid $8.5 million for unit 7033 last week, county records show.