One of Bal Harbour Shops’ owners sells Coral Gables home for $6M

Randall Whitman is chairman of Whitman Family Development

Sep.September 05, 2017 02:30 PM

4845 Hammock Lane and Randall Whitman

Randall Whitman, an owner of Bal Harbour Shops, just sold his Coral Gables home for $5.93 million.

Property records show Whitman sold the nearly 8,000-square-foot house at 4845 Hammock Lane to Laurence Assayag. It’s in the gated Hammock Lake neighborhood near Matheson Hammock Park.

Whitman oversees the Miami Beach-based real estate firm’s strategic planning as chairman of Whitman Family Development, according to its website. He paid $875,000 for the Gables property in 1998 and built the two-story, seven-bedroom home in 2002. “It has that old Florida style with big porches that wrap around,” said Coldwell Banker’s Jill Hertzberg of the Jills.

The lakefront house features an infinity pool, an outdoor bar and firepit, a gourmet kitchen, master suite with an office and a detached guest house, according to the listing. It officially hit the market about a week ago at $6.3 million with Hertzberg. EWM represented the buyer, according to

“The first offer was good and so they accepted it,” Hertzberg said. Whitman and his wife decided to sell now that their children are grown. Records show the couple is building a new waterfront house on the Sunset Islands.

Whitman’s father and the founder of the high-end shops, Stanley Whitman, died in March at 98. A week earlier, Bal Harbour Shops gained final village approval to nearly double in size, a $400 million expansion that could take up to eight years to complete.

Related Articles

1515 Sunset Drive and Facundo Bacardi

Bacardi-owned company sues construction firm for defects and delays at Coral Gables office development

Paseo de la Riviera and Industrious CEO Jamie Hodari  

Industrious to open at Paseo de la Riviera in Coral Gables

999 Ponce and Benjamin H. Silver  

Downtown Coral Gables office building asks $40M

500 Marquesa Drive (Credit: Realtor)

Former hedge funder sells waterfront home in Coral Gables for $8M

The Mile, Robert Given and Troy Ballard

Greystar looks to sell luxury rental building The Mile near Coral Gables

Manny Machado and Chad Carroll with 20 Tahiti Beach Island Road (Credit: Getty Images and Douglas Elliman)

Buyer revealed: Baseball player Manny Machado buys Tahiti Beach Island manse

Chad Carroll with 20 Tahiti Beach Island Road (Credit: Redfin)

Tahiti Beach Island manse sells for half its original ask

Construction of downtown Hollywood high-rise may start soon