Health and wellness CEO buys a condo at Beach House 8 for $6.6M

Unit traded at a slight loss from its selling price of $7.5M in July 2016

Miami /
Aug.August 30, 2017 01:00 PM

UPDATED August 30th, 2:50 a.m.: Health and wellness executive William “Bill” Weiland just paid $6.58 million for a full-floor condo at the Beach House 8 building in Miami Beach, property records show.

Weiland is the founder and CEO of Presence Marketing, the largest independently-owned natural and organic food brokerage in the United States. Records show SAGA S.A., a New York-based company, sold the unit. The owner, said to be a European businessman, paid $7.5 million for the condo in July 2016 – meaning it traded at a slight loss.

The sixth-floor residence hit the market in February for $7.9 million. It sold at a 16 percent discount from it’s original asking price. Douglas Elliman’s Chad Carroll had the listing, according to Redfin. Alex Miranda and Joe Padula of One Sotheby’s International Realty brought the buyer. The duo go by The Alex and Joe Team.

The four-bedroom, four-bathroom unit features floor-to-ceiling windows, a custom home automation system, a gourmet kitchen and a 1,172-square-foot terrace. The condo itself spans about 3,783 square feet. The trade breaks down to $1,739 per square foot.

Ugo Colombo and Valerio Morabito delivered the 10-story building at 3651 Collins Avenue last year after breaking ground in 2014.

Other buyers in the eight-unit building at 3651 Collins Avenue include Brazilian entrepreneur Mario Garnero, who paid $14 million for a penthouse, and a Cayman Islands-based LLC, which paid $13 million for the fourth and fifth floors. One Sotheby’s International Realty handled preconstruction sales, with prices starting at $5.9 million.


Related Articles

arrow_forward_ios
Bulgari CEO Jean-Christophe Babin and 100 21st Street, Miami (Bvlgari via Twitter, Getty, iStock)

Bulgari plans first US hotel on oceanfront Miami Beach site

Bulgari plans first US hotel on oceanfront Miami Beach site
HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel
Jerry Bruckheimer and his penthouse (Getty, Douglas Elliman)

Jerry Bruckheimer lists Miami Beach penthouse for $17M

Jerry Bruckheimer lists Miami Beach penthouse for $17M
James Curnin and 416 West San Marino Drive (Getty, Google Maps)

Spec home builder James Curnin buys Venetian Islands teardown

Spec home builder James Curnin buys Venetian Islands teardown
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
(Google Maps)

Condo sales plunge in Miami-Dade during Thanksgiving week

Condo sales plunge in Miami-Dade during Thanksgiving week
John Simonian with 6360 North Bay Road and 6342 North Bay Road (Getty, Google Maps)

Luxury watch retailer sells adjacent Miami Beach homes for $44M

Luxury watch retailer sells adjacent Miami Beach homes for $44M
Joel Meyerson and 24 Palm Avenue, Miami Beach (The Pure Source, Sotheby's)

CEO of cosmetics manufacturer buys Palm Island home for $11M

CEO of cosmetics manufacturer buys Palm Island home for $11M
arrow_forward_ios

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

Loading...