New York wealth management CEO shells out $7.55M for Palazzo del Sol unit

Miami /
Apr.April 14, 2017 10:00 AM

The co-chairman and CEO of a New York financial advisory firm just paid $7.55 million for a unit at Palazzo del Sol in Fisher Island.

Kenneth Pollinger of Klingenstein Fields Wealth Advisors and his wife Amy bought a 3,835-square-foot, three-bedroom unit at the newly completed tower, at 7000 Fisher Island Drive, a spokesperson for the project told The Real Deal. Zachary Belil of Douglas Elliman represented the buyers, and Lars Ekdahl represented the developer.

The Pollingers paid about $1,970 per square foot for the last corner unit in the building, which was completed a year ago by PDS Development, led by Heinrich von Hanau. The unit was listed for $8.1 million, Belil said.

The Palazzo unit has Boffi kitchens and master bathrooms, Porshe Design Studio lighting, and a terrace. Belil said the couple was looking for a marina, golf course, security and other amenities that the island offers. The Pollingers have multiple homes across the country, but “they will try to spend as much time as possible here,” Belil said. “For Mr. Pollinger, it’s a very easy drive from the Miami airport to Fisher Island.”

The building’s 43 units go up to 9,800 square feet. Unit owners include high-profile attorney Jim Ferraro, Azerbaijani billionaire Aras Agalarov, and Yard House founder and CEO Steele Platt. Buyers also received a custom Garia golf cart. Kobi Karp designed the 10-story building, and Enzo Enea handled landscaping. Dora Puig is leading sales of Palazzo del Sol.

Correction: An earlier version of this story incorrectly identified the purchase price as $7.75 million. It is $7.55 million. 


Related Articles

arrow_forward_ios
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
Palazzo Del Sol (7000 Fisher Island Drive, Miami Beach) (Photo via ASR Interiors)
$20M Fisher Island closing leads Miami’s weekly condo sales
$20M Fisher Island closing leads Miami’s weekly condo sales
Caroline Wozniacki and David Lee with their unit (Getty, The Jills Zeder Group/photography by Lifestyle Production Group)
Caroline Wozniacki and David Lee sell Fisher Island condo in one month
Caroline Wozniacki and David Lee sell Fisher Island condo in one month
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
arrow_forward_ios

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

Loading...