Louise Sunshine buys oceanfront Bal Harbour condo

It hit the market in 2018 for $4.3M

Miami /
Sep.September 15, 2020 12:30 PM
Louise Sunshine with 10225 Collins Avenue

Louise Sunshine with 10225 Collins Avenue

Real estate development sales and marketing expert Louise Sunshine scored a deal on a luxury condo in Bal Harbour.

Sunshine paid $3 million for a three-bedroom, five-and-a-half-bathroom oceanfront unit at Bellini at 10225 Collins Avenue. Property records show the seller is Gabriel Gilinski, son of Colombian billionaire banker and real estate developer Jaime Gilinski Bacal. Sunshine financed the deal with a mortgage from J.P. Morgan Chase.

Nancy Batchelor

Nancy Batchelor

The 3,820-square-foot condo sold for $785 per square foot. Sunshine had been renting another unit in the building before she purchased it. Sunshine called the purchase “the most seamless, positive experience I’ve ever had.”

Nancy Batchelor and Dana Rothman of Batchelor’s team at Berkshire Hathaway HomeServices EWM Realty brokered the deal. It was previously listed with another brokerage, most recently asking $3.8 million. At its peak in 2018, it was on the market for $4.25 million, according to Realtor.com. Batchelor declined to comment on the seller.

The ninth-floor unit includes a 700-square-foot wraparound terrace. Gilinski had paid $3.7 million for the condo in 2016.

Dana Rothman

Dana Rothman

“This is the big mack daddy view,” Batchelor said. “She fell in love with the building. I think she appreciated that everything was there: the staff, the service, the security.”

In April, Sunshine sold her penthouse at the Grand Venetian for $5.7 million, marking a $2 million loss on the unit. She called moving during the pandemic the “most impossible task I’ve ever undertaken.”

“I was in this rental and I was thinking I would probably stay in a rental forever and I would never buy again,” Sunshine said, before she changed her mind. “It was just bothering me that I could possibly purchase for the same cost per month that I was paying for the rental.”






    Related Articles

    arrow_forward_ios
    The Bal Harbour lot (Douglas Elliman)
    Bal Harbour investor Joseph Imbesi sells waterfront lot for $55M
    Bal Harbour investor Joseph Imbesi sells waterfront lot for $55M
    Miami-Dade condo sales map and Oceana Bal Harbour (10201 Collins Ave, Bal Harbour)
    $19M Bal Harbour unit leads weekly condo sales
    $19M Bal Harbour unit leads weekly condo sales
    Sam Herzberg and Bal Harbour Condo. (Getty, Bal Harbour)
    Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
    Real estate investor Sam Herzberg buys oceanfront Bal Harbour condo for $7M
    Mark Tsesarsky and St. Regis Bal Harbour Condos (Google Maps, iStock)
    Hedge fund principal buys St. Regis Bal Harbour condo
    Hedge fund principal buys St. Regis Bal Harbour condo
    240 Bal Bay Drive, Bal Harbour (Google Maps)
    Waterfront Bal Harbour mansion sells for $14M
    Waterfront Bal Harbour mansion sells for $14M
    200 Bal Bay in Bal Harbour (Photo via Lifestyle Production Group for Douglas Elliman)
    Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
    Bal Harbour investor Joseph Imbesi lists waterfront property for $65M
    Matthew Whitman Lazenby and Bal Harbour Shops (iStock)
    Voters reject easing height restrictions for Bal Harbour Shops
    Voters reject easing height restrictions for Bal Harbour Shops
    Matthew Whitman Lazenby and Bal Harbour Shops
    Special election could pave way for height increase at Bal Harbour Shops
    Special election could pave way for height increase at Bal Harbour Shops
    arrow_forward_ios

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

    Loading...