Brazilian e-commerce CEO sells Boca Raton home

Marcio Kumruian had paid $2 million for the waterfront house in August

TRD MIAMI /
Jan.January 07, 2019 09:45 AM

Marcio Kumruian and 237 West Alexander Palm Road

The CEO of Netshoes, a Brazilian e-commerce company, just sold his waterfront Boca Raton home for $5.15 million.

Marcio Kumruian sold the 7,861-square-foot house at 237 West Alexander Palm Road in the Royal Palm Yacht & Country Club subdivision for $655 per square foot, property records show. He sold the home to Tatiana Milman of Boca Raton.

Kumruian had paid $2 million for the the five-bedroom, six-and-a-half bathroom house in August. He bought it from the trust of Ricardo Ejzenbaum, which purchased the property for $5.3 million in 2011, property records show. It was built in 2006.

Kumruian co-founded Netshoes, an online sporting goods retailer, and has been its chairman and CEO since 2000. NetShoes filed for an IPO in 2017 and had annual revenue of more than $570 million (USD) that year.

A number of homes nearby in Boca Raton have sold in recent months.

Just down the road, Toni Fitts, whose late husband John Fitts co-founded OLS Hotels and Resorts, bought a home at 215 West Alexander Palm Road last month for $5.28 million, property records show.

In October, National Hockey League forward Max Pacioretty sold his Boca Raton home in the Royal Palm Yacht & Country Club subdivision to Gene Sullivan, regional president of Southern Glazer’s Wine & Spirits, for $3.1 million.


Related Articles

arrow_forward_ios
From left: Howard Sands, Scott Tracy, and Kenton Wright

Walgreen sells store near Boca Raton for $9M

Shane Neman, and Mauricio Bello Richard Waserstein, with 525 Northwest 77th Street Marriott in Boca

Blackstone sells Marriott hotel in Boca Raton

Malcolm Butters, 950 Peninsula Corporate Circle in Boca Raton

Butters buys Boca Raton office building

A rending of the the project

REI to open first South Florida store in Boca Raton

Royal Palm Residences and Ignacio Diaz

Group P6 launches sales of new luxury condo project in Boca Raton

University Park and Square Mile Capital CEO Craig Solomon (Credit: Zillow)

Boca Raton student housing scores $71M refi

Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)

Rooms To Go CEO bags furniture store in Boca Raton

484 South Maya Palm Drive (Credit: Royal Palm)

Transportation exec buys Boca home for $12M

arrow_forward_ios
Loading...