The Real Deal Miami

Keith Menin buys Venetian Islands home in Miami Beach

He sold a nearby house earlier this month for $12M
By Katherine Kallergis | July 18, 2018 10:30AM

Julian Johnston, Keith Menin and 815 East Dilido Drive

Menin Hospitality principal Keith Menin just paid $8.68 million for a waterfront Venetian Islands home in Miami Beach, a couple of weeks after selling another nearby property for more than $12 million.

Menin closed on 815 East Dilido Drive, according to sources. Attorneys Michael and Sheila Cesarano sold the six-bedroom, 8,243-square-foot home for more than $1,050 per square foot.

The Mediterranean-style home, on the northeast tip of Di Lido Island, was designed by architect Ramon Pacheco and features marble floors, a covered exterior dining room, a summer kitchen, a pool and a private dock with more than 100 feet of water frontage, according to the listing. Julian Johnston of Calibre International Realty and Danny Hertzberg of the Jills represented the seller, and Johnston represented the buyer.

It was on the market for $9.5 million, according to Realtor.com. The Cesaranos paid $350,000 for the waterfront property in 1987 and built the home in 2006, records show.

Earlier this month, Menin and his wife, Evelyn Menin, sold the waterfront property at 241 East San Marino Drive, also in Miami Beach. The couple paid $6.25 million for that house in February 2017, and completely renovated the home last year.

Menin Hospitality, led by Menin and his cousin and managing principal Jared Galbut, operates about 15 hotels, restaurants and bars in South Florida and Chicago, according to the company’s website.

Menin could not immediately be reached for comment.