The former CEO of Norwegian Cruise Line Holdings has decided to anchor down somewhere else after selling his Di Lido Island home for $5.6 million.
Colin Veitch sold the 5,015-square-foot waterfront property at 625 East Di Lido Drive for $5.6M to Steven and Jessica Rhodes, records show. Built in 1940, the four-bedroom, four-and-a-half-bathroom house will likely be torn down and redeveloped.
Veitch paid $5.35 million for the property in 2013, records show.
Di Lido Island, part of the Venetian Islands, has become a poster child for tear-downs and new homes. For years, issues of demolition, new construction and lot coverage have pitted developers, homeowners and preservationists against each other in Miami Beach.
Just down the road from where Veitch sold his house, Dr. Aaron Rollins, a celebrity plastic surgeon and founder of Elite Body Sculpture clinics, built a home at 503 East Di Lido Drive after purchasing a home built in 1930 for $4.3 million.
Last September, Paulo Bacchi, owner of Artefacto luxury furnishing sold a 10,500-square-foot lot on Dilido Island for $5.85 million.
Veitch was the CEO of Miami-based Norweigan Cruise Line Holdings from 2000 to 2008. He also filed a much publicized defamation and breach of contract lawsuit against his successor at Norweigan Cruise Line, in which he sought $95 million in damages. In 2017, a jury ruled against him on all counts.