The Real Deal Miami

Brazilian owner of Vivara Jewelry spends $6M on Murano at Portofino condo

Buyer Nelson Kaufman plans to gut-renovate 3,365 sf unit
By Katherine Kallergis | March 09, 2017 03:45PM

Murano at Portofino unit 2601. Inset: listing agent Stacy Robins and buyer’s agent Luciana Barreto

The founder and CEO of Brazilian jewelry company Vivara Jewelry paid $6 million for a condo in the South-of-Fifth neighborhood of Miami Beach. 

Nalipa LLC bought unit 2601 at Murano at Portofino, listing agent Stacy Robins of Stacy Robins Companies told The Real Deal. Records show the company is managed by Nelson Kaufman, who owns Vivara Jewelry, one of Brazil’s largest jewelry companies, and Etna Furniture. Luciana Barreto of Cervera Real Estate represented the buyer, whom she declined to identify.

The 3,365-square-foot unit was last on the market for $6.49 million, or nearly $1,930 per square foot. It closed on Wednesday, Robins said, for $1,783 a foot. “This is a non-oceanfront unit and it sold for $1,700-plus a foot,” she said, adding that the high price is “a testament to this particular unit and this particular line.”

It also has not been renovated and the buyer plans to gut and renovate the unit, Barreto said. “He just wanted a bigger unit because he’s going to spend more time here,” she added. They looked at condos in Sunny Isles and other areas of Miami, but Kaufman wanted to stay in the SoFi neighborhood, where he already owns a unit at the Continuum. That unit is not the market.

In the Murano building, one other condo sold for a higher price, Robins said. Unit 3501 sold in 2015 for $6.75 million. Murano at Portofino, at 1000 South Pointe Drive, was built in 2001. La Piaggia restaurant, which leased space in the building, closed at the end of last year.

The deal marks the second high-profile sale of a condo to a Brazilian buyer in recent weeks. Barreto represented the buyer of Theory CEO Andrew Rosen’s Setai penthouse, Brasif CEO Jonas Barcellos Corrêa Filho. Barcellos paid $8.5 million for that unit.

“Even in a soft market there are still deals to be made,” Robins said.