Technology investor buys waterfront home in Coconut Grove

Richard Shipley paid $5.77M for the house, a 16% discount off the original ask

3333 Poinciana Avenue and Richard C. Shipley (Redfin and
3333 Poinciana Avenue and Richard C. Shipley (Redfin and

Technology investor Richard C. Shipley just bought a house in Coconut Grove for $5.77 million, property records show.

Shipley is the founder and senior managing director of the Wellesley, Massachusetts-based private equity firm Shiprock Capital. The company invests in the early stages of technology companies. Shipley also formerly headed a company founded by his parents, now called Rohm and Haas Electronic Materials.

The 6,570-square-foot house he bought at 3333 Poinciana Avenue traded for about $880 per square foot. Records show husband and wife Alan and Rosario Bond are the sellers. The couple bought the three-story home in 2011 for $3.44 million and finished renovating it in 2013.

Sign Up for the undefined Newsletter

The house fronts Biscayne Bay and features four fireplaces, a gym, entertainment room and a three-car garage. The house also features a new boatlift and pool, according to Redfin.

The Bonds put the four-bedroom, five-bathroom home on the market in February for $6.89 million with Tristan Bond of Beachfront Realty, and later reduced the price to $5.9 million in March, according to Redfin. The property sold at a 16 percent discount off the original ask.

Shipley joins a roster of other technology executives who live in Miami-Dade County, including Jeffrey Sloan, CEO of the publicly traded financial technology company Global Payments, and Charlie Fernandez, who’s e-commerce company eApeiron made headlines in 2016 when Alibaba invested in it.