Sweet deal: Former Coca-Cola chief buys Key Biscayne condo

Beachfront unit includes 10K sf of terraces, guest home and main house

Miami /
Feb.February 01, 2019 12:45 PM

John Brock III and the Tower One unit (Credit: Redfin)

Coca-Cola’s former chief executive can have a coke and smile now that he’s closed on a new home in Key Biscayne.

John F. Brock III and Mary Brock paid $6.6 million for a nearly 7,000-square-foot unit at Ocean Club Tower One from a trust managed by City National Bank, according to property records.

Brock was CEO of Coca-Cola Enterprises from 2006 to 2016, and he was chairman from 2008 until 2016. He previously held executive roles at InBev SA, now Anheuser-Busch InBev, and Cadbury Schweppes. He’s currently a director at Royal Caribbean, and previously held similar positions at Dow Jones & Company and Campbell Soup Company. He’s a member of the board of MidOcean Partners, a private equity firm, according to his bio.

The Brocks’ new South Florida home, unit 201 at 799 Crandon Boulevard, includes a main house with five bedrooms and a separate two-story guest home with two bedrooms. The Ocean Club unit comes with 10,000 square feet of private, beachfront terraces with a pool and Jacuzzi, a two-car garage, three additional parking spaces and amenities at the gated community.

It last sold for $5.8 million in 2012, records show.

Jorge Uribe of One Sotheby’s International Realty represented the seller, and Ada Castellanos of EWM Realty International brought the buyer, according to the listing.

The western side of Key Biscayne is made up of mostly single-family homes, while the eastern side of the island has condos, hotels and other commercial properties. A Greek shipping family recently sold a waterfront mansion at 250 Harbor Drive for $10.1 million.


Related Articles

arrow_forward_ios
Christoph Westphal and Oceana Key Biscayne (Google Maps)
Biotech venture capitalist spends $18M on Key Biscayne penthouse
Biotech venture capitalist spends $18M on Key Biscayne penthouse
500 South Mashta Drive, Key Biscayne (Google Maps)
Venezuelan oil magnate sells waterfront Key Biscayne mansion for $17M
Venezuelan oil magnate sells waterfront Key Biscayne mansion for $17M
Miami-Dade condo sales map and Oceana Key Biscayne (Google Maps)
$18M Key Biscayne penthouse leads weekly condo sales
$18M Key Biscayne penthouse leads weekly condo sales
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
Stiltsville (Wikimedia Commons)
One of few remaining Stiltsville homes destroyed in fire
One of few remaining Stiltsville homes destroyed in fire
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...