Corporate raider Carl Icahn sells newly built Miami Beach home

Icahn also owns a waterfront mansion on Indian Creek

Miami /
Mar.March 16, 2020 08:45 AM
2535 Shelter Avenue with Carl Icahn

2535 Shelter Avenue with Carl Icahn

Activist investor and corporate raider Carl Icahn sold a Miami Beach house for $4.9 million, The Real Deal has learned.

Icahn sold the four-bedroom, 5,400-square-foot home at 2535 Shelter Avenue for about $900 per square foot. It’s on Sunset Island II.

Robert Coward and Bradley Jones purchased the house, according to Anna Sherill of One Sotheby’s International Realty. Sherrill represented the buyers, while Cervera Real Estate’s Nickel Goeseke represented the seller. Sherrill said the buyers plan to live at the property full time.

Property records show MB 2103 LLC, a Delaware LLC tied to Icahn, had purchased the property out of bankruptcy in 2014.

Icahn’s net worth is about $15 billion, according to Forbes. He recently spoke on CNBC about how he’s shorting the commercial mortgage bond market.

Icahn announced last year that he was moving his investment firm from New York City to Miami.

The newly built Sunset Islands house was designed by Strang Architecture. It features three terraces on the second floor, a lanai with an outdoor kitchen, and a pool.

The property has been on and off the market since 2016. It was most recently listed for $5.125 million.

In December, South Beach Diet Dr. Arthur Agatston and his wife, Sari Agatston, sold their waterfront Sunset Islands mansion at 1633 North View Drive for $15.5 million.

Icahn, who owns a mansion on Indian Creek, is now focusing his bet on credit default swaps on assets that back mortgages of corporate offices and malls. On CNBC, he made note of the housing market bubble of 2008 and the subsequent collapse of that market, and said he is seeing similar signs now.


Related Articles

arrow_forward_ios
Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
800 Lincoln Road building and Restaurateur Gregory Galy (Tricap, LinkedIn)
Mila restaurant to add entertainment venue on Lincoln Road
Mila restaurant to add entertainment venue on Lincoln Road
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
Gabriele Braha and Avihai Daniell with the properties (Red Group)
Family office buys South Beach short-term rental portfolio for $14M
Family office buys South Beach short-term rental portfolio for $14M
arrow_forward_ios

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

Loading...