President of Brazil’s golf federation pays $5M for Fendi Château condo

Oceanfront unit sold for about $1,400 psf

TRD MIAMI /
Nov.November 08, 2016 10:30 AM

The president of the Brazilian Golf Confederation and founder of a medical products company paid $5.06 million for a condo at the Château Group’s Fendi Château Residences in Surfside.

Records show Catita-One LLC, an entity controlled by Paulo Cezar Pacheco, closed on unit 402 at the newly completed luxury condo building.

Pacheco was elected president of Brazil’s golf federation in 2012 and re-elected in 2014 to focus on the 2016 Olympics, where golf was included as a game for the first time in more than 100 years, according to published reports. He’s also founder of CEI Group, a medical products distribution company based in Brazil.

Pacheco’s new condo is a 3,616-square-foot oceanfront unit with four bedrooms and staff quarters, according to marketing materials. That means the price breaks down to about $1,400 per square foot.

Banco do Brasil Americas provided the LLC with a nearly $3.3 million loan, records show.

Fendi Château, which began recording closings in September, has attracted a number of high-profile buyers, including a pair of Brazilian software firm executivesNew York investor Irving Langer and Russian soprano Yelena Dudochkin.

The beachfront development was designed by Arquitectonica and includes pools, a Jacuzzi, 12 private cabanas, a restaurant and bar, a fitness center and a spa, kids’ club, private theater, a private dining room, wine cellar and Shabbat elevators.


Related Articles

arrow_forward_ios
Fendi Chateau, Gary Rosenbach (Credit: Shawn Ehlers/WireImage/Getty Images)

Hedge funder pays $7M for Fendi Chateau condo in Surfside

Hedge funder pays $7M for Fendi Chateau condo in Surfside
Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch
André Duek and Carolina Lara with Daniel de la Vega

One Sotheby’s acquires brokerage with Brazilian reach

One Sotheby’s acquires brokerage with Brazilian reach
Fendi Chateau and Israel Roizman of Roizman Development (Credit: Chateau Group via Curbed)

Low-income housing developer buys condo at Fendi Château

Low-income housing developer buys condo at Fendi Château
Luis Noronha and renderings of Galleria Village (Credit: LinkedIn)

Brazilian developer launches sales of Fort Lauderdale townhome project

Brazilian developer launches sales of Fort Lauderdale townhome project
South Florida by the numbers: Brazil is back

South Florida by the numbers: Brazil is back

South Florida by the numbers: Brazil is back
Brazil is back: Brasileiros lead foreign investment in South Florida homes in 2018

Brazil is back: Brasileiros lead foreign investment in South Florida homes in 2018

Brazil is back: Brasileiros lead foreign investment in South Florida homes in 2018
(Credit: Pixabay)

Brazil’s biggest state-owned bank plans to sell real estate assets to repay public debt

Brazil’s biggest state-owned bank plans to sell real estate assets to repay public debt
arrow_forward_ios

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

Loading...