French businessman buys Sunset Islands waterfront home for $6.4M

House was listed for nearly $8.5 million in 2015

1833 W 24th St in Sunset Island 3
1833 W 24th St in Sunset Island 3

UPDATED July 11, 4:38 p.m.: A French businessman just bought a waterfront Sunset Islands home for $6.4 million.

BLM Investments LLC, led by Donald Lawson, sold the 7,140-square-foot home at 1833 West 24 Street on Sunset Island III of Miami Beach to Parcours Invest LLC, led by Alain Zagury, records show. The home was previously listed for nearly $8.5 million in 2015.

The five-bedroom, seven-and-a-half bathroom house has 75 feet of water frontage, a dock, green space and a heated pool. The two-story home was built in 1985.

The seller was represented by One Sotheby’s International Realty’s Albert Justo and Mirce Curkoski. The buyer was represented by Brigitte Lina Lombari of Keller Williams Elite Properties.

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Justo said the buyer plans to do some work to update the aesthetics of the home.

Zagury is the chairman of the supervisory board of Modelabs SA, a French mobile phone company, according to Bloomberg. He received a $6.4 million loan from New Wave Loans Residential LLC to purchase the property, records show.

BLM Investments LLC previously bought the property in 2005 for $4.5 million.

The Sunset Islands are home to many famous celebrities, including MLB Hall of Famer Mike Piazza, who listed his 9,000-square-foot waterfront home for $18.5 million in December of last year.