Restaurateur sells Belle Meade home for $4.3M

Steven Perricone and his wife Marjorie Perricone originally listed the waterfront residence for $5 million

TRD MIAMI /
Dec.December 30, 2017 11:00 AM
 

7321 Belle Meade Island Drive in Miami

Restaurateur Steven J. Perricone, owner of Perricone’s Marketplace & Cafe in Miami’s Brickell area, and his wife Marjorie Perricone sold their house on Miami’s Belle Meade Island for $4.3 million.

The couple sold the house for $700,000 less than their original $5 million asking price and provided the buyer with $3.44 million of seller financing.

The Perricones sold the 5,823-square-foot house at 7321 Belle Meade Island Drive to Paolo Buonfante, an executive of DAS Model Management in Miami Beach.

The couple built the waterfront house in 2003 on a 13,200-square-foot lot. It has four bedrooms, six bathrooms, a half bathroom, a pool and a dock.

The Perricones have moved to a larger house at 5020 Southwest 86 Street in Miami, a 9,439-square-foot residence they bought for $4.3 million.

In October, Perricone sold the property where Perricone’s Marketplace is located for $16.18 million and leased it back.

The buyer of the restaurant property at 955 South Miami Avenue and 15 Southeast 10th Street is an affiliate of citizenM Hotels, which plans to build a hotel on the site, where Perricone’s Marketplace would continue to operate as a tenant in the hotel. [South Florida Business Journal] — Mike Seemuth


Related Articles

arrow_forward_ios

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

PB Gardens condo community seeks yet another contractor to repair its buildings

arrow_forward_ios