Whitehall mansion in Miami Beach, formerly owned by convicted tax evaders, sells for $18.5M

The North Bay Road property was originally listed for $29.5M in 2015

Miami /
Jun.June 27, 2018 01:30 PM

Miami Beach’s Whitehall Mansion and Jill Eber and Jill Hertzberg of the Jills team at Coldwell Banker

A North Bay Road waterfront mansion formerly owned by two convicted tax evaders just sold for $18.5 million.

The 13,637-square-foot home at 5930 North Bay Road, known as Whitehall, sits on a 73,480-square-foot lot, with 200 feet of frontage on Biscayne Bay.

The seller is North Realty LLC, whose trustee is Christina Frohock, property records show. The buyer is Bay Road Property LLC, which lists its address as 118 Lee Avenue, Rockville Centre, New York. Bay Road Property bought the property for $262.50 per square foot for the land.

French banking agency CDR Creances S.A.S seized Whitehall in 2011 from its former owners Mauricio Cohen Assor and his son Leon Cohen-Levy, after a federal court convicted them of failing to disclose their ownership of the properties and other assets for tax purposes. The pair are currently serving a 10-year jail sentence for tax evasion. 

Jill Eber and Jill Hertzberg of The Jills team at Coldwell Banker represented the seller and the buyer of the property.

The home has nine bedrooms and seven-and-a-half bathrooms. It features a custom-built 35-foot by 50-foot pool, a dock and jet-ski lift, helipad and private gated entry to the property.

The property was listed for $29.5 million when it went on the market in October 2015, but was lowered to $25 million in 2016, $23.5 million in August 2017 and $20.5 million in January. The latest sale price represents a 37 percent discount off the original asking price.


Related Articles

arrow_forward_ios
Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman leaves Brown Harris Stevens Miami
Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
Ophir Sternberg with the Ritz-Carlton Residences, Miami Beach and the land for the villas (Lionheart Capital)
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Richard Bressler and Lisa Gersh with 1425 West 25th Street, Miami Beach (Getty, Google Maps)
Media titans buy Sunset Islands home for $5M
Media titans buy Sunset Islands home for $5M
Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
Compass’ Assouline Team expands to Miami Beach
Compass’ Assouline Team expands to Miami Beach
Images of Arte, Ritz-Carlton Residences Miami Beach, Ritz-Carlton Residences Miami Beach and One Thousand Museum (One Thousand Museum via One Sotheby's)
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
Chris Bosh sells waterfront Miami Beach mansion for $15M
Chris Bosh sells waterfront Miami Beach mansion for $15M
arrow_forward_ios

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

Loading...