Pinkberry franchisee lands sweet deal for Venetian Islands home

It hit the market in late 2017 for $8.4M

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
Karen H. Bechtel and Continuum South Beach (100 South Pointe Drive, Miami Beach) (Bechtel via Carlyle)
Private equity power couple sell 36th floor condo for $30M
Private equity power couple sell 36th floor condo for $30M
Faena House and a photo illustration of Ken Griffin (Foster + Partners, Getty, iStock)
Ken Griffin sells remaining Faena House condo for $11.2M
Ken Griffin sells remaining Faena House condo for $11.2M
Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty)
Novak Djokovic sells Miami Beach condo for modest profit
Novak Djokovic sells Miami Beach condo for modest profit
Clockwise from lower left: John Cooper and Allen Morris from The Allen Morris Company and Stormont Hospitality and Camilo Lopez and Jorge Escobar from Black Salmon (Ander & Co)
AMS Hospitality, Black Salmon buy Circa 39 hotel in Miami Beach
AMS Hospitality, Black Salmon buy Circa 39 hotel in Miami Beach
4412 North Bay Road
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
North Bay Road mansion sells for $25M, nearly double its purchase price two years ago
Oceana Key Biscayne at 360 Ocean Drive, Key Biscayne
Miami-Dade condo sales and volume dip in second week of June
Miami-Dade condo sales and volume dip in second week of June
Developers David Martin, Russell Galbut and renderings of the project.
David Martin and Russell Galbut start sales of Five Park condo tower in South Beach
David Martin and Russell Galbut start sales of Five Park condo tower in South Beach
HFZ’s Ziel Feldman with the Shore Club (Getty, Facebook via Shore Club)
HFZ Capital off the hook for $6M in failed Shore Club South Beach deal
HFZ Capital off the hook for $6M in failed Shore Club South Beach deal
arrow_forward_ios

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

Loading...