Waterfront Key Biscayne estate sells to auto tech mogul for $19M

Mansion hit the market a year ago for $20.8M

Jun.June 14, 2017 05:15 PM

310 Harbor Drive in Key Biscayne. Inset: Maria Teresa Jarque

Updated, 10:20 p.m. June 14: A waterfront mansion in Key Biscayne just sold for $19 million in an all-cash deal, listing agent Maria Teresa Jarque told The Real Deal. The buyer is auto tech mogul Andrew Tweddle, property records show.

The 9,000-square-foot home at 310 Harbor Drive sold last week, Jarque, of Fortune International Realty, said. Property records show the sellers are Jorge F. and Maria T. Lazo. Jorge Lazo is owner of First Medical International Corp., a medical equipment supplier.

Jarque declined to identify the buyers, but the deed, which was recorded on Thursday, shows Andrew Tweddle and Qing Yao Tweddle purchased the property. Andy Tweddle was president and CEO of the Tweddle Group, an automotive data company that started in the 1960s with owners’ manuals, before he sold it to the Gores Group in 2014, according to published reports.

The Tweddles financed their purchase with a $10 million mortgage from Bank of America.

The six-bedroom, eight-bathroom estate hit the market a year ago for $20.8 million and went under contract in February, Jarque said. That means it sold for an 8.7 percent discount.

The Lazos paid $3 million for the roughly half-acre lot in 2002, and built the house in 2005. It was designed by architect Charles H. Pawley and features skylight ceilings and waterfalls, marble floors and walls, an infinity edge pool, a private dock and views of the bay and skyline, according to a press release.

Tamer Iskander, a commercial broker, represented the buyer. Iskander could not immediately be reached for comment.

Earlier this year, Estrella Insurance founder Nicolas Estrella listed his Key Biscayne estate for $40 million, marking the fourth most expensive home for sale in Miami-Dade County, and the most expensive in Key Biscayne.

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