Godiva CEO buys Bal Harbour condo

Mohamed Elsarky paid nearly $1,700 psf for St. Regis unit

Miami /
Oct.October 20, 2017 10:30 AM

The CEO of Godiva Chocolatier just picked up a luxury condo in Bal Harbour with sweet views.

Mohamed Elsarky and his wife, Irma, paid $6.5 million for unit 2001 in the North tower of the St. Regis Bal Harbour, property records show.

N2001 Fla Inc sold the three-bedroom, 3,884-square-foot unit at 9705 Collins Avenue. The Delaware corporation is managed by Cristofer Bennardo, a Boca Raton attorney. The company paid $6.3 million for the unit in 2012.

Elsarky has led the New York City-based chocolatier since 2014. The company was founded in Belgium in the 1920s and purchased by the Turkish conglomerate Turkish Yıldız Holding in 2007.

The Elsarkys paid nearly $1,700 per square foot for the unit, which features panoramic floor-to-ceiling windows with views of the ocean and Intracoastal Waterway.

It hit the market in November for $9.5 million, and was relisted in August for $7.85 million with Douglas Elliman’s Senada Adzem, according to Realtor.com. Elliman also represented the buyer. It sold at a 32 percent discount off its highest asking price.

In 2014, Qatar’s largest development company, Al Rayyan Tourism Investment Company, paid $213 million for the hotel component of the luxury beachfront project. Amenities include the luxury resort’s pool, fitness center, spa and kids club.


Related Articles

arrow_forward_ios
Matthew Whitman Lazenby and Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
Special election could pave way for height increase at Bal Harbour Shops
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
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
Simon and David Reuben with St. Regis Bal Harbour (Getty, Google Maps)
Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)
Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)
Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project
Voters decide South Miami, Surfside and Bal Harbour real estate referendums
Voters decide South Miami, Surfside and Bal Harbour real estate referendums
arrow_forward_ios

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

Loading...