Chapman Ducote sells Venetian Islands home for $8M

Miami /
Jul.July 23, 2020 06:13 PM
Chapman Ducote with 1276 South Venetian Way (Credit: Google Maps and Gustavo Caballero/Getty Images)

Chapman Ducote with 1276 South Venetian Way (Credit: Google Maps and Gustavo Caballero/Getty Images)

Professional race car driver and investor Chapman Ducote sold his Venetian Islands home for $8.4 million.

Ducote sold the five-bedroom, five-bedroom, 3,788-square-foot house at 1276 South Venetian Way in Miami Beach to Tracey Hirt, chief operating officer of LendUs, a mortgage lender based in California, property records show.

Ducote is also president and CEO of a Miami Beach-based credit card processing company, Merchant Services Ltd. And he is also part owner of Silverpeak, a marijuana dispensary in Aspen, Colorado, according to the Aspen Times.

The San Marco Island house, built in 1935, sold for $1,875 per square foot. Allan Kleer and Fabian Garcia-Diaz of One Sotheby’s International Realty brokered the deal, they said.

The house was listed for $11.45 million. It was built in 1935, with additions in 1982 and 2003. It sits on a 10,500-square-foot lot.

Ducote paid $1.85 million for the property in 2010.

Last month, a Venetian Islands estate hit the market for $34 million. The waterfront mansion, at 1429 North Venetian Way, is owned by the former CEO of Bolthouse Farms.

Recent sales on the Venetians include the $5.5 million trade of the waterfront home at 320 West Rivo Alto Drive, which closed in February.

Write to Katherine Kallergis at [email protected]


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...