Bruce McMahan shaves $4M off ask for his corporate condo on Fisher Island

Unit boasts hand-painted murals, ocean views and infinity-edge pool

Nov.November 11, 2016 03:45 PM

7413 Fisher Island Drive (Inset: Bruce McMahan)

Hedge fund executive Bruce McMahan just chopped the asking price for his Fisher Island condo by $4 million, lowering the oceanfront pad’s listing price to $16.9 million.

Located on the ground floor at 7413 Fisher Island Drive, McMahan’s unit measures 7,696 square feet and houses five bedrooms, 5.5 bathrooms, a custom-built wood bar and its own infinity-edge pool on the terrace.The new asking price breaks down to just below $2,196 per foot.

The condo is decked out to the nines with ritzy finishes like Jerusalem stone floors and Italian rose marble, as well as hand-painted murals on several walls and ceilings. It also boasts 5,300 square feet of terrace space that looks out over the ocean. He’s the CEO of Centaur Performance Group, an investment firm formerly known as the Argent Funds Group.


Interior and exterior shots of the unit

According to a New York Times article from 2009 when McMahan first listed the unit for $30 million, the hedge funder almost exclusively used his Fisher Island pad to entertain business associates.

Coldwell Banker’s The Jills team came into the picture in October of last year with a newly reduced asking price of $21 million. The agents announced this most recent price drop Friday.

Fisher Island is no stranger to pricey homes, with units in the recently completed Palazzo Del Sol project trading for upwards of $30 million. Attorney Jim Ferraro set a price per square foot record of $3,200 with his $21.5 million purchase of a condo there.

County records show McMahan paid $5.5 million for the unit when it was first built in 2002. He later transferred ownership to the National Cristina Foundation, a nonprofit that donates technology to disabled children that he co-created in the name of his daughter, Cristina McMahan, who suffers from cerebral palsy.

Related Articles

Map of priciest condo sales and Palazzo Del Sol #7063

These were the 10 most expensive condo sales last week

387 Ocean Boulevard (Credit: Realtor)

Golden Beach oceanfront home of late attorney sells for price chop

Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Good bones? Radiologist sells Fisher Island Bayview condo for $8M

From left: Palazzo della Luna and Palazzo del Sol

Fisher Island developer sells two units for over $40M

A rendering of Palazzo Della Luna

After selling Wynwood property for megabucks, plumbing mogul buys luxury condo

Palazzo Del Sol

Brazilian paper magnate throws $7M in bills for Palazzo Del Sol condo

(Credit: Douglas Elliman)

Fine print no more: New Florida advertising rules kick in for agent teams

Bank seeks to foreclose on Fort Lauderdale mansion, Fisher Island condo of former Patriot National CEO