The Real Deal Miami

“Bad boy” developer Thomas Kramer lost his Star Island homes. Now his personal effects are for sale, too

Available items include mask collections, life-sized collectable figures
By Katherine Kallergis | January 16, 2018 06:00PM

Some of Thomas Kramer’s belongings (Credit: Moeckerauctions)

It looks like party boy Thomas Kramer is on a losing streak.

Months after lenders won Kramer’s Star Island mansions at auction, the South Beach developer’s personal items are now up for sale, too.

Kramer’s lenders, Verena von Mitschke-Collande and Claudia Miller-Otto, won the $40 million bid in August for the properties at 4 and 5 Star Island Drive. Both are the daughters of the late Siegfried Otto, who financed the purchases of the Miami Beach homes. Kramer was briefly married to Otto’s stepdaughter, court documents indicate.

The waterfront homes will be open to the public on Feb. 13, and the sale will be held at Miami-Dade County Sheriff’s Office the following day. Available items include high-end furniture, artwork, gym equipment, sculptures, oriental rugs, Kramer’s mask collections, life-sized collectable figures, statues and more, according to a press release. Separately, a 2011 Toyota Tacoma truck is being offered for sale.

Kramer, a former commodities trader from Germany, was known for throwing parties at the Star Island mansions and developed properties in the South-of-Fifth neighborhood. He paid $2 million for the 12,000-square-foot mansion at 5 Star Island Drive in 1992, and $3.85 million for the 8,200-square-foot home at 4 Star Island Drive in 1996. The homes were built in 1996 and 1947, respectively.

Star Island, known for its famous residents, is home to Lennar Corp.’s Stuart Miller, Phillip and Patricia Frost, and Gloria and Emilio Estefan.