Owners cut asking price again for former Pablo Escobar property

Christian de Berdouare and his wife Jennifer Valoppi have listed the vacant lot in Miami Beach for $15.9 million, down from $17.9 million a year ago

TRD MIAMI /
Dec.December 23, 2017 10:10 AM

Christian de Berdouare and his wife Jennifer Valoppi pose in front of the property that was the Miami Beach home of deceased Colombian drug lord Pablo Escobar during its demolition in January 2016. (Credit: Getty Images)

The owners of a vacant lot in Miami Beach where Colombian drug dealer Pablo Escobar once owned a house have cut their asking price for the land again.

The 30,000-square-foot lot drew plenty of attention in 2016 when the owners demolished the pink 7,336-square-foot house that Escobar owned and found two safes there, one of which was later stolen.

But the lot remains unsold despite the publicity generated by the discovery of the safes and the notoriety of Escobar, whom Colombian authorities shot and killed in 1993.

Christian de Berdouare, founder of the Chicken Kitchen fast-food chain, and his wife Jennifer Valoppi, a former news anchor at South Florida television station WTVJ, reduced their asking price for the lot to $15.9 million.

A year ago, the couple was asking $17.9 million for the waterfront lot at 5860 North Bay Road in Miami Beach. They first listed the land for sale in 2015 with a $21 million asking price.

Escobar was known for hiding cash and valuables in the walls and under the floors of his houses. De Berdouare told Realtor.com that professional treasure hunters have detected subterranean “activity” under a 100-year-old banyan tree and elsewhere on the lot on North Bay Road.

A company called Lincoln Square Productions signed a contract with de Berdouare to produce a documentary film of the lot, which Escobar bought in 1980 with the now-demolished house for $762,500.

Escobar owned it until 1987, when the U.S. government seized the Miami Beach property and other Florida properties. In 1990, the government sold the property for $915,000 to an attorney, who sold it  to de Berdouare for $9.65 million in 2014.

The Chicken Kitchen founder told Realtor.com the value of the property isn’t its potential for buried treasure but its 160 feet of waterfront with views of Miami’s downtown skyline across Biscayne Bay.
A buyer would get the safe that wasn’t stolen,which de Berdouare and Valoppi never have opened, but not the safe’s contents, which the couple plans to keep. [Realtor.com] Mike Seemuth


Related Articles

arrow_forward_ios
34 Star Island Drive with Albert Justo, Stacy Robins and Mirce Curkoski (Redfin)

Former Star Island residents return, buy $12M waterfront home

Former Star Island residents return, buy $12M waterfront home
1510 West 25th Street, Valerio Morabito (inset) and Gianluca Vacchi (Getty, Douglas Elliman)

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion
WeWork Lenox Avenue, WeWork Lincoln Road and CEO Sandeep Mathrani (Lenox location by Katherine Kallergis, WeWork, iStock)

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave
Clifford Asness and 321 Ocean (Getty, Douglas Elliman)

Billionaire hedge funder sells South Beach PH at a loss

Billionaire hedge funder sells South Beach PH at a loss
(iStock)

South Florida by the numbers: From the Big Apple to the Magic City

South Florida by the numbers: From the Big Apple to the Magic City
David Martin and a rendering of the project

David Martin’s Miami Beach Marina proposal heads to voters in November

David Martin’s Miami Beach Marina proposal heads to voters in November
6380 north bay road with Richard and Barbara Lane (Urdapilletta Real Estate, A Scott/Patrick McMullan/Getty)

Real estate honcho buys waterfront North Bay Road home for $9M

Real estate honcho buys waterfront North Bay Road home for $9M
Seth Cohen and Phil Gutman

Brown Harris Stevens Miami launches sports and entertainment division

Brown Harris Stevens Miami launches sports and entertainment division
arrow_forward_ios

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

Loading...