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

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 Article

Ritz Carlton Residences Miami Beach and Petra Levin

Petra Levin snags condo at Ritz-Carlton Residences Miami Beach

PurduePharma family behind office purchase in downtown West Palm, Dwyane Wade wants out of Miami Beach manse: Daily digest

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Good bones? Radiologist sells Fisher Island Bayview condo for $8M

Aria Mehrabi and City National Bank

Pacific Star Capital wants to build Target-anchored retail building in North Beach

Carl Icahn is moving his firm from NY to Miami, Michael Shvo’s hotel plan could cost him $500M: Daily digest

Russell Galbut and the Fifth Hotel

Urbanica scores construction loan from Miami Beach’s biggest developer

Ayman Sabi and W South Beach (Credit: Linkedin, Marriott)

Former Roadhouse Grill CEO serves up W South Beach condo for $7M