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The Real Deal Miami

Progressive Insurance heir picks up waterfront Miami Beach lot

It hit the market in 2015 for $7M
By Katherine Kallergis | January 11, 2018 01:30PM

845 East Dilido Drive in Miami Beach (Credit: Realtor.com)

A son of Progressive Insurance Company’s co-founder just paid $5.9 million for a waterfront Venetian Islands lot in Miami Beach, property records show.

The Daniel R. Lewis Revocable Trust bought the development site at 845 East Dilido Drive from Prionntigh LLC, a company controlled by Lauren Pressman. Pressman is director of investment research and part of the real assets committee of Aspiriant, according to Bloomberg.

Lewis is a son of Progressive co-founder Joseph M. Lewis and brother of the company’s former chairman and CEO, the late Peter B. Lewis. In 2016, Dan and Jan Lewis paid $7.45 million for a unit at Grove at Grand Bay in Coconut Grove.

The 13,353-square-foot lot was last listed for $6.5 million with Jill Hertzberg of Coldwell Banker’s The Jills team. It first hit the market in 2015 for $7 million, meaning it sold for a roughly 15 percent difference. The property has more than 100 feet of water frontage, according to the listing.

The seller is also tied to WTAS LLC, which is managed by San Francisco tax firm Andersen Tax. Previous sales information for the lot was not available in property records.