Alan Faena lists waterfront Miami Beach home for $16.5M

He paid $10M for the waterfront property in 2014

TRD 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
4403 Pine Tree Drive with Mendel Fellig and Oren Alexander (Credit: Douglas Elliman, Sean Zanni/Patrick McMullan via Getty Images)

Car insurance mogul flips Miami Beach waterfront estate

Anthony Kennedy Shriver and Alina Shriver (Credit: Venturelli/WireImage/Getty Images)

JFK’s nephew sells waterfront Miami Beach home

4333 Pine Tree Drive (Credit: Compass)

Miami Beach waterfront teardown sells for $6M

Jay Parker with a rendering of Forte (Credit: Two Roads Development/Alpha Blue Ventures)

Boutique condo project in West Palm Beach launches sales

Cheyenne Lutek (Credit: Miami-Dade County Dept. of Corrections, iStock)

NY real estate agent arrested during SOBEWFF

From left: Mick Duchon, Eloy Carmenate, Tara West, Alex Sapir, Oren Alexander, Jay Philip Parker, Dean Bloch

Movers & Shakers: Sapir announces sales team for Surfside project, Franklin Street taps retail head & more

Jay Parker and a rendering of CocoWalk

Douglas Elliman, Bluemercury among new tenants at CocoWalk

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

arrow_forward_ios
Loading...