Pinkberry franchisee lands sweet deal for Venetian Islands home

It hit the market in late 2017 for $8.4M

TRD MIAMI /
Oct.October 22, 2019 11:30 AM
David Beall and 303 East Dilido Drive (Credit: LinkedIn, Relator, and iStock)

David Beall and 303 East Dilido Drive (Credit: LinkedIn, Relator, and iStock)

Pinkberry franchisee David Beall closed on a Venetian Islands home in Miami Beach for $6 million, 28 percent off the original asking price.

Marlene Goldman

Marlene Goldman

Thomas and Patricia Kennedy sold the 5,641-square-foot house at 303 East Dilido Drive to Beall and his wife, Lauren, records show. Marlene Goldman of Beachfront Realty represented the sellers, while Michele Redlich of Coldwell Banker brought the buyer. Goldman declined to comment on the buyer.

Beal has the Pinkberry franchises in Miami and Atlanta for the frozen dessert restaurant chain, according to his LinkedIn profile.

Michele Redlich

Michele Redlich

The Di Lido Island house has five bedrooms, as well as a one-bedroom, one-bathroom guest suite, a dock and heated pool. It hit the market in December 2017 for $8.4 million, and was relisted the following year for $7.3 million, according to Realtor.com.

The waterfront home sits on a 10,500-square-foot lot and was built in 1936. It last sold in 2010 for $3.4 million.

More luxury homes in Miami Beach are selling for significant discounts as sellers adjust to the market.  A residential-focused panel of top brokers at The Real Deal Miami’s Showcase & Forum last week said that unrealistic pricing is bogging down the luxury market.

“If you look at the market today, even though there has been an increase in prices, there is also an increase in days on the market,” said Oren Alexander of Douglas Elliman. “That has a lot to do with bad prices. We have to make sure sellers really understand where pricing is.”


Related Articles

arrow_forward_ios
Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Jeffrey Soffer and Fontainebleau Miami Beach

Fontainebleau Miami Beach reveals proposed addition

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Amir Zwickel and a Showfields store

Showfields to bring new retail concept to Lincoln Road

320 West Rivo Alto Drive, Dora Puig and Alissa Pool (Credit: Instagram) 

Fitness mogul buys Venetian Islands house

David Arditi of Aria Development Group and 321 Ocean

Condo association alleges construction defects at 321 Ocean: lawsuit

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

1452 Washington Avenue (Credit: Google Maps, iStock)

Spanish investor buys mixed-use building near Española Way

arrow_forward_ios
Loading...