Former Honeywell exec trades Sunset Islands home for Fisher Island condo

The home sold for $14.6M, was listed for $23M in 2015

TRD MIAMI /
Sep.September 23, 2019 12:30 PM
Peter D’Aloia and 1435 West 27th Street

Peter D’Aloia and 1435 West 27th Street

A former Honeywell executive sold a home in Sunset Islands for $14.6 million, a 36 percent drop from its initial listing price.

Peter D’Aloia and his wife, Marguerite D’Aloia, sold their 9,151-square-foot home at 1435 West 27th Street on Sunset Island II for $1,595 per square foot, records show. S. Noble Martin, trustee of the 1435 Irrevocable Trust, bought the home.

The move comes four months after Peter D’Aloia bought a penthouse at the luxury condo development Palazzo Del Sol in Fisher Island for $14.5 million.

The waterfront Sunset Islands estate sits on a 20,000-square-foot lot and was built in 2013. The seven-bedroom home features a Koi filled Zen Garden and a saltwater pool.

The seller was represented by Melissa Rubin of Compass and the buyer was represented by Nelson Gonzalez with EWM Realty International.

Rubin previously told The Real Deal she was targeting hedge funders and other financial executives as potential buyers.

“We believe our buyer will come from New York,” she said. “Our prices are still inexpensive in comparison to what they would pay in the Hamptons.”

D’Aloia purchased the home in 2014 for $15.5 million. It then hit the market a year later for $23 million, but the house remained unsold and most recently was listed for $17.9 million in March, according to Realtor.com.

D’Aloia was the senior vice president and CFO of American Standard Companies, a global manufacturer of plumbing, heating, ventilating and air conditioning now owned by Ingersoll Rand and known as Trane.

Prior to that, he was an executive at Honeywell, a company providing commercial and consumer products, engineering services and aerospace services.

Sunset Islands in Miami Beach is home to a number of celebrity buyers and wealthy financial executives. In May, a Chicago buyer paid $19.15 million for a waterfront spec home at 2125 Lake Avenue on Sunset Island IV. In March, a Miami Beach hedge funder, Andrew Casino, sold a 5,900-square-foot house at 2300 Sunset Drive for $5.9 million.


Related Articles

arrow_forward_ios
Lennox Miami Beach

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit
Stephen and Petra Levin, David Deshe and 4350 North Bay Road (Credit: Nicholas Hunt/Getty Images, LinkedIn, and Google Maps)

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul

Drink to that: Beverage tycoon sells waterfront Miami Beach lot to Vero Water mogul
citizenM founder Rattan Chadha, Russell Galbut and a rendering of 1212 Lincoln

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
1 Hotel South Beach (Credit: Google Maps)

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Venetian Islands estate (Credit: Paul Stoppi)

Venetian Islands estate with $1M aquarium hits the market for $34M

Venetian Islands estate with $1M aquarium hits the market for $34M
Ziel Feldman and Richard Branson with renderings of the Shore Club (Credit: Getty Images)

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished
arrow_forward_ios

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

Loading...