Alan Faena lists waterfront Miami Beach home for $16.5M

He paid $10M for the waterfront property in 2014

Miami /
Oct.October 31, 2019 02:30 PM
Alan Faena and his home at 4731 Pine Tree Drive (Credit: Wikipedia, The Alexander Group)

Alan Faena and his home at 4731 Pine Tree Drive (Credit: Wikipedia, The Alexander Group)

Argentinian developer Alan Faena is looking to sell his waterfront Miami Beach estate.

Faena is putting the 8,300-square-foot, nine-bedroom mansion on the market for $16.5 million, according to the Wall Street Journal.

Property records show Faena’s Villas Como LLC paid $10.3 million for the 1-acre property at 4731 Pine Tree Drive in 2014.

The Mediterranean-style property, which was built in the 1920s, features a master suite with a custom walk-in closet designed by Faena, a master bathroom with a Louis XV mirror, original 19th century Spanish chandeliers and hand-painted ceilings, the Wall Street Journal reported.

About a year ago, Page Six reported that Faena and his partner, Ximena Caminos, were splitting up. They have a son together.

In Miami Beach, Faena and his financial backer Len Blavatnik built the Faena District, a 1 million-square-foot mixed-use project on Collins Avenue between 32nd and 36th streets. It’s home to the 18-story Faena House condo building, the 169-key Faena Hotel, Faena Forum and Faena Bazaar.

Oren Alexander of Douglas Elliman has the listing for Faena’s home. Alexander is also listing Caminos’ home at 5454 Pine Tree Drive, which hit the market in April for $6.25 million and was recently reduced to just under $6 million.

At The Real Deal’s Miami Real Estate Showcase & Forum in October, Alexander said luxury residential properties are sitting on the market in part due to bad pricing. [WSJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
Julie Jones (Getty)
Florida Luxurious Properties sues ex-partner Julie Jones over Elliman jump
Florida Luxurious Properties sues ex-partner Julie Jones over Elliman jump
South Florida resi sales plunge in Q1, prices climb in Q2
South Florida resi sales plunge, prices climb in second quarter
South Florida resi sales plunge, prices climb in second quarter
Douglas Elliman CEO Jay Parker with a rendering of Clara Bay Harbor and Chetrit Group’s project in the Miami River district (right) (Clara Homes, Douglas Elliman)
Elliman’s new development rental arm expands into South Florida
Elliman’s new development rental arm expands into South Florida
5941 Pine Tree Drive (Redfin)
Scott Huizenga buys next-door waterfront Miami Beach estate for $8M
Scott Huizenga buys next-door waterfront Miami Beach estate for $8M
Julie Jones (Florida Luxurious Properties)
Top Broward broker Julie Jones joins Douglas Elliman
Top Broward broker Julie Jones joins Douglas Elliman
Buyer Armen Avanessians and 157 Peruvian Avenue (Goldman Sachs, Realtor.com, iStock)
Former Goldman Sachs exec drops $12M on Palm Beach home
Former Goldman Sachs exec drops $12M on Palm Beach home
Omar Horev and 4525 Pine Tree Drive (Getty, Redfin/Oren Alexander)
Pura Vida owner flips waterfront Miami Beach teardown for nearly $14M
Pura Vida owner flips waterfront Miami Beach teardown for nearly $14M
Tal and Oren Alexander (The Alexander Team, iStock, Douglas Elliman)
Douglas Elliman’s top brokers Oren and Tal Alexander leave to launch Official with Side
Douglas Elliman’s top brokers Oren and Tal Alexander leave to launch Official with Side
arrow_forward_ios

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

Loading...