Technology investor buys waterfront home in Coconut Grove

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

TRD MIAMI /
May.May 09, 2018 04:30 PM

3333 Poinciana Avenue and Richard C. Shipley (Redfin and philanthropynewsdigest.org)

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.

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.


Related Articles

arrow_forward_ios
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
3604 Matheson Avenue with Mike Komaransky and Corwynne Carruthers (Compass)

Crypto investor sells waterfront Coconut Grove mansion at a loss

Crypto investor sells waterfront Coconut Grove mansion at a loss
From left: Magnus Jennemyr, Timo Khammash, and Irving Padron

Engel & Völkers cuts ties with managing broker, expands to Coconut Grove

Engel & Völkers cuts ties with managing broker, expands to Coconut Grove
Charles and Daneen Stiefel with One Park Grove (Getty)

Pharma mogul Charles Stiefel buys Coconut Grove penthouse

Pharma mogul Charles Stiefel buys Coconut Grove penthouse
arrow_forward_ios

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

Loading...