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
    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
    Simon and David Reuben with St. Regis Bal Harbour (Getty, Google Maps)
    Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
    Reuben Brothers takes over $132M loan backing St. Regis Bal Harbour
    Diego Lowenstein, Dayssi Olarte de Kanavos, Paul Kanavos, and Ronny Ben Josef, with The The Sagamore (Credit: The Sagamore Hotel)
    Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
    Owners of Ritz-Carlton South Beach and Bal Harbour hotels merge with Sagamore
    Dina Goldentayer, Ryan Cohen and the Bal Bay Drive home (Credit: Kris Tamburello/Douglas Elliman)
    Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
    Lawsuit alleges Harding Realty cut out of $24M Bal Harbour sale, reveals Chewy founder as alleged buyer
    A renderings of the Shops at Sunset Place project and a rendering of the Surfside Town Center project
    Voters decide South Miami, Surfside and Bal Harbour real estate referendums
    Voters decide South Miami, Surfside and Bal Harbour real estate referendums
    Laurent Ouazana and 224 Bal Bay Drive (Linkedin, Douglas Elliman)
    French insurance firm CEO sells Bal Harbour mansion for $24M
    French insurance firm CEO sells Bal Harbour mansion for $24M
    From left: Jorge Pérez, Stuart Miller, Craig Robins, Louise Sunshine, and Russell Galbut,(Credit: Patrick McMullan via Getty Images)
    Here are the South Florida real estate players who donated to candidates in 2020
    Here are the South Florida real estate players who donated to candidates in 2020
    arrow_forward_ios

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

    Loading...