Hospitality mogul David Grutman lists Sunset Islands home

Miami /
Jun.June 04, 2020 12:30 PM
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

UPDATED, June 5, 12 p.m.: Hospitality entrepreneur David Grutman is looking to sell his Sunset Islands home.

Grutman, founder of Groot Hospitality, which owns the nightclub LIV at the Fontainebleau, Story, Komodo, Swan & Bar Bevy and other food and beverage concepts, listed his waterfront home at 2201 Sunset Drive in Miami Beach for $8.9 million.

Grutman sold a majority stake in Groot Hospitality to Live Nation Entertainment for an undisclosed amount in October.

His home on Sunset Island IV has been featured in Elle Decor and the New York Times.

The five-bedroom, six-bathroom house spans 6,673 square feet, and includes a pool, 208 feet of water frontage, a gym, a secret garden and two terraces, according to the listing. It’s on the market with Dina Goldentayer of Douglas Elliman.

Dina Goldentayer

Dina Goldentayer

Property records show he paid $5.1 million for the house in 2013. It was built in 1937 and later expanded.

Grutman’s partners include Pharrell Williams at Swan in the Miami Design District. When Live Nation purchased a stake in his company, the company said Groot Hospitality has 11 new projects planned for Miami, Las Vegas, Dallas and Dubai. In Miami Beach, that includes the Firestone redevelopment at 1575 Alton Road into Winker’s Diner and Toothfairy, a bakery.

Recent sales on the Sunset Islands include the $14.3 million closing of 2138 Bay Avenue to a Toronto financier, and the $6.2 million sale of 1515 West 22nd Street to Brad Miller and his wife Jamie.

Correction: An earlier version of this story misstated on which Sunset Island Grutman’s home is located. 


Related Articles

arrow_forward_ios
Joel Meyerson and 24 Palm Avenue, Miami Beach (The Pure Source, Sotheby's)

CEO of cosmetics manufacturer buys Palm Island home for $11M

CEO of cosmetics manufacturer buys Palm Island home for $11M
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff pays $8M for waterfront North Bay Road lot

Steve Witkoff pays $8M for waterfront North Bay Road lot
The Allen Apartments with Mark Samuelian, Michael Gongora and Ricky Arriola (Miami Beach Community Development Corp., Wikipedia Commons)

Miami Beach may create incentives for affordable housing developers

Miami Beach may create incentives for affordable housing developers
Tudor House Art Deco and Essex House hotels (Wikipedia Commons)

Hotel height increases could be coming to Miami Beach’s Collins Avenue near Ocean Drive

Hotel height increases could be coming to Miami Beach’s Collins Avenue near Ocean Drive
Laurent Ouazana and 6505 Allison Road, Miami Beach (Twitter, Google Maps)

French insurance CEO buys Allison Island home next door to his new mansion

French insurance CEO buys Allison Island home next door to his new mansion
(Google Maps)

Weekly condo sales, dollar volume jump in Miami-Dade

Weekly condo sales, dollar volume jump in Miami-Dade
Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M
Camilo Miguel Jr. and rendering of 4000 Alton Road

Mast Capital scores approval for Miami Beach condo project

Mast Capital scores approval for Miami Beach condo project
arrow_forward_ios

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

Loading...