Bowing out: Former Norwegian Cruise Line CEO sells Venetian Islands home

Colin Veitch, CEO of the cruise line from 2000 to 2008, paid $5.35M for the house in 2013

Miami /
Sep.September 06, 2019 04:30 PM
625 East Di Lido Drive and Colin Veitch

625 East Di Lido Drive and Colin Veitch

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.


Related Articles

arrow_forward_ios
(Photo Illustration by The Real Deal with Getty Images)
Want more South Florida land? Buy out your neighbors
Want more South Florida land? Buy out your neighbors
Frank Pellegrino Jr. with Loews Miami Beach and Loews Hotel owner Jonathan Tisch (Rao's, Google Maps, Getty)
Iconic NYC eatery Rao’s to open at Loews Miami Beach
Iconic NYC eatery Rao’s to open at Loews Miami Beach
17141 Collins Ave, Sunny Isle
Muse Residences in Sunny Isles Beach tops weekly condo sales
Muse Residences in Sunny Isles Beach tops weekly condo sales
A photo illustration of 12203 Tillinghast Circle in Palm Beach Gardens (top) and 6300 North Bay Road in Miami Beach (Getty Images, Old Palm Golf Club, Coldwell Banker)
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Flipping crazy: South Florida’s top resi flips of the year so far, ranked
Don Peebles, in partnership with former Miami Beach Mayor Philip Levine and developer Scott Robins, wants to build a six-story office and apartment building on a city-owned parking lot (Rendering courtesy of 1664 Meridian Ave General Partner LLC)
Miami vs NYC: A developer’s guide
Miami vs NYC: A developer’s guide
From left: Monroe Capital’s Theodore Koenig, Steve Witkoff, HFZ's Ziel Feldman and Benny Shabtai with the Shore Club (Monroe, Witkoff, HFZ, Getty)
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Judge awards $5M to Israeli mogul in HFZ lawsuit over failed Shore Club project in Miami Beach
Prive at 5000 Island Estates Drive in Aventura (Condo.com, getty)
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Carillon Miami Wellness Resort at 6801 Collins Avenue in Miami Beach (Google Maps, Getty)
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
Z Capital loses attempt to slap Miami Beach condo owners with $8M assessment
arrow_forward_ios

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

Loading...