LifeCare CEO buys Gulf Stream home

Peter Burki and his wife paid $8.5 million for property on North Ocean Boulevard

Miami /
Feb.February 06, 2019 01:30 PM

Peter Burki and 2801 North Ocean Boulevard (Credit: Realtor)

The CEO of a Connecticut-based healthcare company LifeCare bought a Gulf Stream waterfront home for $8.5 million.

Peter Burki and his wife, Siri, bought the 5,603-square-foot home at 2801 North Ocean Boulevard for $1,517 per square foot, records show. The Burkis purchased the home from Betty Brown Vander Walk, who bought the property with her husband in 1991 for $1.1 million.

The house has five bedrooms and eight bathrooms and was built in 1993.

Burki co-founded LifeCare in 1984 in Westport, Connecticut to help employees manage their childcare needs. It offers a number of work-life products for employers and has a membership base of 100 million, according to its website.

A number of wealthy buyers are migrating from New York and Connecticut to Florida to take advantage of the state’s beneficial tax laws. The new federal tax law further limits the deductions for state and local taxes, meaning wealthy individuals in high-tax states in the Northeast owe more to the Internal Revenue Service.

Other wealthy investors have bought property in the quiet oceanfront town of Gulf Stream, with some looking to build new homes. In May, Peter Lampl, a British private equity CEO, sold his Gulf Stream estate at 3545 North Ocean Boulevard for $14.25 million to a San Fransisco-based company.


Related Articles

arrow_forward_ios
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
From left: Jesse Cohn and Dave Miller of Elliot Management (LinkedIn/Jesse Cohn, LinkedIn/Dave Miller, Corcoran)
Elliott Management’s top brass flips oceanfront Gulf Stream estate for $27M
Elliott Management’s top brass flips oceanfront Gulf Stream estate for $27M
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
William Oberndorf in front of 3545 North Ocean Boulevard in Gulf Stream (Compass Real Estate, The American Federation for Children)
San Francisco hedge fund manager sells waterfront Gulf Stream estate for $33M
San Francisco hedge fund manager sells waterfront Gulf Stream estate for $33M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
arrow_forward_ios

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

Loading...