WhatsApp investor buys Venetian Islands teardown next to his $22M mansion

Plastic surgeon sold the circa 1939 home, set to be demolished

Jan.January 28, 2019 10:30 AM

204 West Dilido Drive and Jim Goetz (Credit: Google Maps and Sequoia)

WhatsApp investor Jim Goetz just picked up a waterfront teardown next to his $22 million Miami Beach mansion.

Goetz, of Sequoia Capital, paid $7.6 million for the three-bedroom, 3,446-square-foot home at 204 West Dilido Drive on the Venetian Islands, property records show. Gabriel Salloum, a plastic surgeon, sold the house to 204 West Dilido Drive LLC, a company controlled by the venture capitalist.

Goetz topped the Forbes “Midas” list in 2016 for his investment in the messaging app, turning a $60 million investment into more than $3 billion of Facebook stock, according to Forbes. WhatsApp sold to Facebook for $22 billion in 2014.

In 2017, he paid $22 million for the seven-bedroom, 11,600-square-foot home at 212 West Dilido Drive, which was on the market for as much as $35.9 million.

Property records show Salloum, a surgeon in Miami Beach, paid $3 million for the adjacent house in 2011. It was built in 1939 on a 10,500-square-foot lot.

The city of Miami Beach approved a demolition permit for the house in September. Bart Reines Construction is the general contractor. Last year, Salloum also filed plans seeking a permit to build a new house, designed by Kobi Karp and built by Reines, with a pool on the property.

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