The Real Deal Miami

Health care CEO buys Miami mansion

Non-waterfront home spent years on the market, once listed for $12.5M
By Amanda Rabines | October 30, 2017 12:15PM

The head of a health care company just paid $5.5 million for a Miami home previously listed for $12.5 million, property records show.

Ronald Schutzen, CEO of Coral Gables-based medicare provider HealthSun, and his wife, Alina, bought the 10,730-square-foot mansion at 4800 Pine Drive. Anthem plans to acquire HealthSun, the companies announced in September.

The non-waterfront home, called Villa Dwora, was built around a 300-year-old Banyan tree by the sellers, Dora and David Topp. The couple built their eight-bedroom house in 2009, a year after they bought the 1-acre property for $2.1 million.

The property is west of Gables Estates and Cocoplum. Features include a koi pond, waterfall, two-story pool house, a master suite with a private terrace, and a gazebo. Finishes include hardwood, marble and quartz, crystal chandeliers and designer wallpapers.

Brown Harris Stevens’ Luis Fernandez handled both sides of the transaction. Last year, Fernandez tried selling the Mediterranean-style mansion at an auction with Supreme Auctions.

The home hit the market in 2012 for $12.5 million, which means it just sold at 56 percent discount off the original asking price. It was relisted in August for $6.5 million, according to Realtor.com.

Home sales fell drastically in South Florida last month thanks to Hurricane Irma. In September, single-family homes sales in Miami-Dade County fell by 13.4 percent to 1,073 from 1,239, according to the Miami Association of Realtors.