The Real Deal Miami

Billionaire Howard Hughes’ former property in Coconut Grove lists for $17M

Mansion last sold for $12.85M in 2015
By Katherine Kallergis | April 04, 2018 05:30PM

3310 Devon Court and N.J. Nicholas Jr. (Credit: pdsoros.org)

A Coconut Grove property once owned by the late billionaire Howard Hughes is hitting the market on Monday for $16.9 million. It is in the Miami neighborhood, Hughes Cove, that bears his name.

Property records show the seven-bedroom, 10,000-square-foot mansion at 3310 Devon Court is owned by N.J. Nicholas Jr., former CEO of Time Warner and brother of Boston Scientific co-founder Peter Nicholas.

It’s being listed with Lourdes Alatriste, a partner at Engel and Völkers Miami. She declined to comment on the seller.

Peter Nicholas’ net worth was $1.1 billion in 2008, according to Forbes. He retired from Boston Scientific in 2016.

Billionaire developer and Related Group owner Jorge Perez lives adjacent to the estate.

In addition to Perez, nearby neighbors include Arquitectonica CEO Bernardo Fort-Brescia and his wife Laurinda Spear, and imprisoned ex-Carlisle Group developer Lloyd Boggio.

N.J. Nicholas Jr., acting as trustee of the Peter Nicholas trust, paid $12.85 million for the home in 2015. It’s one of eight houses in the Hughes Cove neighborhood, just off of Main Highway in Coconut Grove.

The mansion, built in 2003, sits on a nearly 37,500-square-foot lot and includes access to a dock across the street.