Seller of $26M Venetian Islands manse sues over broken sale

Miami /
Oct.October 26, 2016 05:20 PM

The seller of a new, multimillion-dollar mansion on Di Lido Island in Miami Beach is suing the buyer over the 10 percent deposit for the now broken $26 million sale.

Dilido 212 LLC, an entity controlled by Ahmad Lee Khamsi, filed a lawsuit in Miami-Dade County Circuit Court against Benjamin Guzman for allegedly failing to pay the deposit on the modern spec home at 212 West Dilido Drive, alleging breach of contract.

The 11,500-square-foot house hit the market in December 2015 for nearly $36 million, then was reduced to about $33 million in April, and eventually was taken off the market. Realtor.com and other listing websites show the property, with seven bedrooms, more than 100 feet of bay frontage and high-end finishes, is no longer on the market. Julian Johnston of Calibre International Realty was the listing agent.

Johnston and Khamsi could not be reached for comment.

According to the suit, Khamsi, the president of a Venezuelan cable company, entered into an agreement on June 26 with Guzman to sell the property, which he developed after buying the lot in 2011 for less than $1 million. The contract, attached to the lawsuit, shows the house was going to be sold fully furnished sans artwork and Sonos System. The purchase price breaks down to $23 million for the property and $3 million for the media room equipment, all light fixtures, appliances, furnishings and furniture.

The contract stated that Guzman was required to pay the 10 percent, or $2.6 million, and that the seller had the right to recover the deposit from the buyer “if buyer fails, neglects or refuses to perform buyer’s obligation under the contract.” Because the buyer was moving his family, Guzman and Khamsi agreed to expedite the closing to July 8, but the buyer failed to pay the deposit and failed to pay the purchase price.

The following day, Khamsi’s attorney notified the buyer with written notice of the default and with his intent to recover the deposit. The two parties also failed to arrange mediation, per Khamsi’s request, the lawsuit alleges.

Khamsi, through the ownership LLC, is seeking the full $2.6 million deposit as well as payment for his legal fees.


Related Articles

arrow_forward_ios
Orhan Kilic and 1101 North Venetian Drive. (Kilic Seafood, Berkshire Hathaway Home Services)
Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
Turkish aquaculture magnate sells his waterfront Venetian Islands teardown for $6M
Dora Puig with the Venetian Islands home (Google Maps)
Dora Puig buys waterfront Venetian Islands home next door to hers
Dora Puig buys waterfront Venetian Islands home next door to hers
Kevin Flaherty and 1337 North Venetian Way in Miami Beach (Google Maps, Morgan Stanley)
Morgan Stanley portfolio manager sells waterfront Venetian Islands home
Morgan Stanley portfolio manager sells waterfront Venetian Islands home
Eddie Irvine with 424 Rivo Alto Drive, Miami Beach and Johnny Gray with 176 Spyglass Lane, Jupiter (Getty, Google Maps)
South Florida by the numbers: Formula One revs up Miami real estate
South Florida by the numbers: Formula One revs up Miami real estate
Eddie Irvine and 100 West San Marino Drive, Miami Beach (Getty, Google Maps)
Eddie Irvine sells Venetian Islands spec home for $17M
Eddie Irvine sells Venetian Islands spec home for $17M
Florinda “Flory” Padrón and 1335 North Venetian Way (Google Maps, Instagram/Padron)
Widow of late Padrón Cigars founder sells waterfront Venetian Islands home for $6M
Widow of late Padrón Cigars founder sells waterfront Venetian Islands home for $6M
Kenneth Lerer bought the waterfront property in 2014. (Lerer Hippeau, Douglas Elliman)
HuffPo co-founder, former BuzzFeed chairman sells Venetian Islands mansion
HuffPo co-founder, former BuzzFeed chairman sells Venetian Islands mansion
Andrew Lessman with 835 East Dilido Drive (Google Maps, Facebook/ProCaps, iStock)
Swallow this: Vitamin mogul sells second Miami Beach home for $20M
Swallow this: Vitamin mogul sells second Miami Beach home for $20M
arrow_forward_ios

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

Loading...