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

Miami /
Apr.April 04, 2018 05:30 PM

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.


Related Articles

arrow_forward_ios
3187 Royal Road, Coconut Grove (Realtor)

Ransom Everglades sues developer Caroline Weiss over backyard boat dock

Ransom Everglades sues developer Caroline Weiss over backyard boat dock
Matthew B. Gorson and One Park Grove (Google Maps)

Greenberg Traurig chairman pays $7M for One Park Grove condo

Greenberg Traurig chairman pays $7M for One Park Grove condo
Kelly Beam, Ricky Trinidad , and 3265 Bird Avenue (Credit: Google Maps)

Miami developer Metronomic files for bankruptcy

Miami developer Metronomic files for bankruptcy
Mike Fernandez and Grove at Grand Bay unit 1901S (Getty, Lifestyle Production Group)

Miami billionaire Mike Fernandez sells Grove at Grand Bay condo

Miami billionaire Mike Fernandez sells Grove at Grand Bay condo
Map of condo sales and Grove at Grand Bay at 2675 South Bayshore Drive (Credit: Google Maps)

Miami condo sales rise in first week of September

Miami condo sales rise in first week of September
David Martin, Jorge Perez, and One Park Grove (Credit: Robin Hill)

Terra and Related pay off $112M construction loan for Park Grove condo tower

Terra and Related pay off $112M construction loan for Park Grove condo tower
Vizcaya Museum and Gardens and Joel Hoffman (Credit: Robin Hill)

Vizcaya needs money to operate, launches $1M fundraising campaign

Vizcaya needs money to operate, launches $1M fundraising campaign
(iStock)

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2

Bargain shopping: Here’s where resi prices fell the most in Miami in Q2
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...