Family member of Venezuelan media company sells Key Biscayne home

Miguel Angel Capriles sold the two-story home at Oceana Key Biscayne for $6M, or $1,192 per square foot.

Miami /
Jul.July 09, 2018 03:30 PM

Condo at 104 Reef Lane

Updated July 10, 9:56 a.m. A seller tied to the family that formerly owned one of Venezuela’s largest media companies just sold a seven-bedroom home in Oceana Key Biscayne for $6.05 million.

Nonna Investments, which lists its manager as Miguel Angel Capriles, sold Villa 4 at 104 Reef Lane in Key Biscayne to a Florida company called 104 Reef Lane for $1,192 per square foot, property records show.

The buyer of the property is unclear, but records show its registered agent is attorney Robert Adams, whose office is located at 1000 Brickell Avenue Suite 300. The two-story home has 5,074 square feet and was originally listed in February for $6.8 million or $1,340 per square foot. It was first purchased in 2014 by Nonna Investments for $5.7 million.

Oceana Key Biscayne is a 142-unit, 12-villa, luxury condo development built by Argentine developer Eduardo Constantini. It was designed by Bernardo Fort-Brescia’s Arquitectonica.

Capriles is part of the family that formerly owned Cadena Capriles, one of Venezuela’s largest media companies, which owns the newspaper Últimas Noticias. The Capriles sold the company in 2013 to an unnamed buyer.

A penthouse owned by a former Venezuelan insurance executive was recently listed at Oceana Key Biscayne for $25 million, and is the highest-priced listing among all Key Biscayne homes. The unit is two stories and encompasses 17,978-square-feet.

Correction: The story has been updated to reflect that the seller of the property was not the former president of Cadena Capriles, but rather a family member with the same name.


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