The Real Deal Miami

Miami Beach hedge funder sells Sunset Islands spec home

Todd Michael Glaser developed the home in 2016
By Keith Larsen | March 15, 2019 12:30PM

Andrew Casino and 2300 Sunset Islands Drive

A Miami Beach hedge funder sold a spec home on the Sunset Islands for $5.9 million.

Andrew Casino and his wife Caroline sold the 5,900-square-foot house at 2300 Sunset Drive in Miami Beach for about $1,000 per square foot, records show. The buyer is Stephanie Clarke of Miami.

Andrew Casino is a partner at Appaloosa Management, a Miami Beach hedge fund led by David Tepper, the billionaire owner of the NFL’s Carolina Panthers.

The Sunset Islands home was built in 2016. It has six bedrooms, seven-and-a-half bathrooms with marble and oak floors and sits on 0.3 acres. Outdoors, it has a heated pool and a koi pond. It was developed by South Florida spec home developer Todd Michael Glaser.

Casino purchased it in 2017 for $5.78 million, records show.

The home was listed by Julian Johnston of Calibre International Realty. Catherine Rodstein of One Sotheby’s International Realty represented the buyer.

The Sunset Islands are home to many celebrities, including MLB Hall of Famer Mike Piazza, who listed his 9,000-square-foot waterfront house for $18.5 million in December of last year. The creator of the South Beach Diet, Dr. Arthur Agatston, also listed a property at 1633 North View Drive in the Sunset Islands for $23 million in May 2017.