Major key: DJ Khaled sells waterfront Aventura home for 40% discount

It hit the market in 2018 for $8M

Miami /
Jun.June 30, 2020 06:02 PM
DJ Khaled, Julian Johnston, and Cat Gomez, with 3914 Island Estates Drive in Aventura (Credit: Life Style Production Group for One Sotheby’s)

DJ Khaled, Julian Johnston, and Caterine Gomez, with 3914 Island Estates Drive in Aventura (Credit: Life Style Production Group for One Sotheby’s, and C Flanigan/FilmMagic)

UPDATED, June 30, 11:45 p.m.: DJ Khaled is handing over the keys to his waterfront Aventura mansion.

The DJ and record producer, whose real name is Khaled Mohamed Khaled, is selling his five-bedroom, 6,697-square-foot home at 3914 Island Estates Drive for $4.8 million. The price marks a 40 percent discount from the nearly $8 million asking price in December 2018.

Janet Ben Zvi

Listing agent Janet Ben Zvi

It’s expected to close imminently, Corcoran Group’s Julian Johnston said. Caterine Gomez and Johnston represented the buyers.

Canadian businessman Simon Librati and his business partner Nahim Jorge Bonilla purchased the property, Gomez said. Librati and Bonilla founded PrimeMed Corp and also own Mandrake, a restaurant in Miami Beach. Johnston said he’s seeing an increase in Canadian buyers in the Miami market.

Librati, a former trader, was temporarily suspended from the U.S brokerage industry after individual traders working under his company allegedly manipulated the market, according to a Wall Street Journal article in 2018.

The New York Post first reported DJ Khaled’s sale.

The listing agent was Janet Ben Zvi of One Sotheby’s International Realty.

The four-story estate, built in 2001, features 14-karat gold chandeliers with Swarovski crystals, a granite staircase, wine room, chef’s kitchen, pool and Jacuzzi. It also has a media room and a master suite with a walk-in closet, and featured a separate closet for Khaled’s shoes.

Khaled currently lives in Miami Beach. In 2018, months before he listed his Aventura home for sale, he paid about $22 million for a nearly 13,000-square-foot waterfront mansion on Pine Tree Drive in Miami Beach, a property that features a safe room, gazebo, home theater and a four-bedroom guest house.

Khaled bought the Aventura property in 2014 for $3.84 million. It sits on a roughly 25,000-square-foot lot on Island Estates, near Privé at Island Estates.


Related Articles

arrow_forward_ios
Jusuf Nurkić and a rendering of E11even (Getty, Seth Browarnik/Worldredeye.com)
“Bosnian Beast” Jusuf Nurkić enters Miami Heat turf with penthouse purchase
“Bosnian Beast” Jusuf Nurkić enters Miami Heat turf with penthouse purchase
A photo illustration of Ocean House South Beach, 125 Ocean Drive (Condo.com, iStock)
Ocean House South Beach closing tops weekly condo sales in Miami-Dade
Ocean House South Beach closing tops weekly condo sales in Miami-Dade
Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
(Compass Real Estate, Zilbert, LoopNet, iStock)
Monad Terrace closing tops weekly condo sales in Miami-Dade
Monad Terrace closing tops weekly condo sales in Miami-Dade
Actress Sela Ann Ward and husband sell One Thousand Museum condo in Miami for $6M (1000 Museum, Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Emmy Award-winning actress Sela Ward and husband sell One Thousand Museum condo in Miami for $6M
Emmy Award-winning actress Sela Ward and husband sell One Thousand Museum condo in Miami for $6M
Supermodel Adriana Lima parts with Miami-area waterfront estate for $40M (Google Maps, Getty Images)
Supermodel Adriana Lima parts with Miami-area waterfront estate for $40M
Supermodel Adriana Lima parts with Miami-area waterfront estate for $40M
From left: Greg Friedman (buyer), managing principal and CEO, Peachtree Hotel Group, and David Leatherwood (seller), CEO and managing member, Norwich Partners (Peachtree Hotel Group, Norwich Partners, Booking.com, iStock)
Peachtree buys AC Hotel by Marriott in Aventura for $50M
Peachtree buys AC Hotel by Marriott in Aventura for $50M
Palazzo Del Mare, 7192 Fisher Island Drive
Here are Miami-Dade’s top condo sales in December
Here are Miami-Dade’s top condo sales in December
arrow_forward_ios

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

Loading...