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Red light camera millionaire buys two bayfront Belle Meade homes
French singer sold one property for $4M
The man behind the red light cameras got the green light to close on two neighboring Belle Meade properties for about $10.4 million.
Property records show the John T. Petrozza Revocable Trust paid $6.25 million for the five-bedroom house at 7301 Belle Meade Island Drive. Petrozza is a former owner of the red-light camera operator American Traffic Solutions. The seller is Claudia Aros.
Petrozza also bought the home next door at 7305 Belle Meade Island Drive for $4.12 million. Florent Pagny, a famous French musician, sold the 5,805-square-foot, five-bedroom home, according to property records.
Both homes were built in 1950 and they have a combined 462 feet of bay frontage. Jenkins said that amount of wide bayfront is difficult to find, and that Petrozza was looking for a property that would fit his 100-foot yacht.
Coldwell Banker’s Brian Alexander and Jeri Jenkins represented the sellers, and C.J. Maier and Geva Bar from NextHome Maier & Bar Properties represented Petrozza. Maier said the buyer plans to combine and renovate the properties. “For the value and amount of waterfront this was the best opportunity,” he added.
Petrozza earned millions as an owner of American Traffic Solutions, according to published reports.
In December, restaurateur Steven J. Perricone and his wife Marjorie Perricone sold their house at 7321 Belle Meade Island Drive to Paolo Buonfante, a model management executive, for $4.3 million. It hit the market a year earlier for $5 million.