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

TRD MIAMI /
Aug.August 30, 2017 01:00 PM

3651 Collins Avenue, Unit: 600 Inset: William “Bill” Weiland

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
Lennox Miami Beach

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit
Stephen and Petra Levin, David Deshe and 4350 North Bay Road (Credit: Nicholas Hunt/Getty Images, LinkedIn, and Google Maps)

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul
citizenM founder Rattan Chadha, Russell Galbut and a rendering of 1212 Lincoln

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
1 Hotel South Beach (Credit: Google Maps)

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement
Venetian Islands estate (Credit: Paul Stoppi)

Venetian Islands estate with $1M aquarium hits the market for $34M

Venetian Islands estate with $1M aquarium hits the market for $34M
Ziel Feldman and Richard Branson with renderings of the Shore Club (Credit: Getty Images)

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished
Mitchell Kaplan and Books & Books at 927 Lincoln Road (Google Maps) 

Books & Books closes its chapter on Lincoln Road

Books & Books closes its chapter on Lincoln Road
arrow_forward_ios

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

Loading...