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