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

Kenneth and Karen Heithoff sold the 6,500 sf condo for $1,246 psf

Miami /
Sep.September 17, 2019 08:45 AM
Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Radiologist Kenneth Heithoff and his wife Karen sold a unit in Fisher Island’s Bayview condo development for $8.1 million.

The Heithoffs sold the 6,500-square-foot condo at 4911 Fisher Island Drive for $1,246 per square foot, records show. MB Fisher, which lists Richard Sobel of MB US Real Estate Holdings at its manager, bought the condo.

Kenneth Heithoff was formerly a radiologist and entrepreneur who started St. Louis Park, Minnesota-based Center for Diagnostic Imaging, a medical imaging center. He sold the company to Onex Corp. for $160 million in 2004, according to the Minneapolis/St. Paul Business Journal.

Jill Eber of Coldwell Banker Residential Real Estate represented the seller. The buyer was represented by Larry Rivero of Rivero Real Estate.

The home features a 2,000-square-foot wraparound terrace, according to Realtor.com.

The Heithoffs bought the condo for $3.04 million in 1997, records show. Bayview is a collection of buildings on Fisher Island’s northwestern side with units ranging from 1,950 square feet to 9,570 square feet.

Ritzy Fisher Island is consistently ranked as America’s wealthiest zip code and can only be reached by ferry, boat or helicopter.

With limited options for new development, condo units on the island command high prices. PDS Development, led by Heinrich von Hanau, recently completed the 50-unit Palazzo Della Luna on the Island. A unit at the luxury condo development sold last week for $17 million.


Related Articles

arrow_forward_ios
Finvarb's Ronny Finvarb and 1685 Washington Avenue (Finvarb Group, Google Maps, iStock)
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Stephen Ross, Miami Beach Commissioner Kristen Rosen Gonzalez, Miami Beach Mayor Dan Gelber and Frank Gehry with the Deauville Beach Resort (Wikipedia, Getty, Visit Florida, Related, Rosen Gonzalez)
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
BH Properties' Steve Gozini and Vornado's Steven Roth with 1100 Lincoln Road (BH Properties, Getty, Google Maps)
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
The apartment building at 1770 Meridian Avenue, Miami Beach with Victory Investments Group CEO Anil Monga (Google Maps)
Hotel Astor owner buys Miami Beach apartment building
Hotel Astor owner buys Miami Beach apartment building
Leon Patitsas, CEO of Atlas Maritime, and 225 North Hibiscus Drive in Miami Beach (LinkedIn/Leon Patitsas, Redfin)
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
The lot where the Champlain Towers South once stood (Getty)
Settlement in Surfside condo collapse now over $1B
Settlement in Surfside condo collapse now over $1B
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
A photo illustration of the Apogee Residences Miami Beach at 800 South Pointe Drive (Zilbert, iStock)
Closing at Apogee tops Miami-Dade’s weekly condo sales
Closing at Apogee tops Miami-Dade’s weekly condo sales
arrow_forward_ios

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

Loading...