The Real Deal Miami

Dexcom chief pays $6.4M for condo at new Four Seasons Residences at The Surf Club

The 3,424 sf condo in Surfside was sold for about $1,869 psf
By Amanda Rabines | May 23, 2017 05:00PM

Four Seasons Hotel and Residences at The Surf Club

One of the first condos at the new Four Seasons Hotel and Residences at The Surf Club just sold for $6.4 million, Miami-Dade property records show.

The 3,424-square-foot unit at 9011 Collins Avenue sold for about $1,869 per square foot, by Delaware entity SC Residences Condominiums LLC, linked to developer Fort Partners.

Property records show Terrance H. Gregg, executive chairman and former CEO of the medical device company Dexcom, Inc., bought unit 917 through the Gregg Family Trust. Gregg is trustee and Louise M. Cotting-Gregg is the co-trustee.

It includes two bedrooms, two bathrooms and an oceanfront terrace and sunset terrace on the opposite end, according to a floor plan listed online.

Condo units in the 9-acre oceanfront development typically range from $3.4 million to $18 million, and vary in size from 1,400 square feet to 7,000 square feet.

The mixed-use development completed construction in March, and includes two 12-story residential towers with 150 condos, a private club, two restaurants, four swimming pools, cabanas, a gym, oceanside gardens and a park.

Developer Nadim Ashi, CEO of Fort Partners told The Real Deal nearly $1 billion in condos had been presold, as of March.

Records show a total of eight units have closed to date.

Surfside is in the midst of significant redevelopment. Other projects include the recently completed Fendi Chateau Residences, Jason Halpern’s planned luxury boutique condo Surf House. And a joint venture between Israel-based ASRR Capital  and Turkish businesswoman Ozlem Onal are planning a condo tower, Arte by Antonio Citterio a block away from the Surf Club.