The Real Deal Miami

Sabby Management fund manager pays $10M for Palazzo Del Sol unit

Fisher Island unit includes 5,300 sf terrace and private pool
By Keith Larsen | August 14, 2018 03:30PM

Palazzo Del Sol condo

Hedge fund manager Hal Mintz and his wife just purchased a unit at Palazzo del Sol for $10.1 million, according to property records.

Mintz, a Sabby Management manager, and Allison Mintz paid about $2,150 per foot for the 4,689-square-foot, four-bedroom Fisher Island unit at 7012 Fisher Island Drive. PDS Development, led by Heinrich Von Hanau, sold the unit. The 10-story, 43-unit building was completed in 2016.

Dora Puig is leading sales for the developer. Alexander Goldstein of Miles Goldstein Real Estate represented the buyer. Goldstein declined to comment on the buyer’s identity.

The unit sold furnished by Artefacto and includes an infinity edge pool overlooking Government Cut and South Beach, and a 5,343-square-foot lanai.

Hal Mintz is the principal of New Jersey-based Sabby Management, which invests in the public equity and alternative investment markets in the U.S. The firm primarily invests in options, according to Bloomberg.

Since the building opened about two years ago, 32 units have sold, according to property records. Other owners at Palazzo Del Sol include billionaire and former Hasbro CEO Alan Hassenfeld, Yard House founder and CEO Steele Platt, and former Formula One driver Enrique Bernoldi. Last year, the largest penthouse in the building sold for $31.26 million.

PDS plans to complete construction of Palazzo del Sol’s sister 50-unit condominium, Palazzo Della Luna, next summer.