Billionaire Ben Ashkenazy lists oceanfront lot in Golden Beach

Company tied to the Ashkenazy Acquisition Corp. founder paid $6M for the lot in 2011

Sep.September 09, 2019 09:45 AM
401 Ocean Boulevard, Ben Ashkenazy, Oren Alexander

401 Ocean Boulevard, Ben Ashkenazy, Oren Alexander

Billionaire real estate developer Ben Ashkenazy is listing an oceanfront lot in Golden Beach for $11 million, The Real Deal has learned.

Golden Beach Owners LLC, led by Ashkenazy, owns the 35,000-square-foot lot property at 401 Ocean Boulevard. It hit the market with Oren Alexander and Isaac Lustgarten of Douglas Elliman’s Alexander Team.

Ashkenazy is the founder, CEO and majority owner of Ashkenazy Acquisition Corp., a major real estate investment firm based in New York. In Miami, it owns Bayside Marketplace, a bayfront mall the firm plans to redevelop. It sold its stake in property in the Miami Design District last year.

Property records show that Golden Beach Owners LLC paid $6 million for the lot in 2011. It has 125 feet of private beach, and the listing includes approved plans from architect Chad Oppenheim for an 18,000-square-foot main residence. The plans call for a pool, additional structure, and exterior space, according to the listing.

Golden Beach is sandwiched between Sunny Isles Beach and Hallandale Beach. The town, which has fewer than 1,000 residents, is home to Crescent Heights principal Sonny Kahn, Mexican billionaire Carlos Slim, and celebrity radio host Tom Joyner.

Earlier this year, The Meyers Group’s Stuart Meyers paid nearly $10 million for a five-bedroom, 10,000-square-foot estate at 655 Ocean Boulevard in Golden Beach.

Forbes pegs Ashkenazy’s net worth at about $4 billion. His company focuses on retail, hotel and office properties, and has acquired more than 15 million square feet of real estate in the U.S. and Canada, according to the firm’s website.

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