Longtime Ford Motor exec sells Venetian Islands estate for $18M

Waterfront property includes two houses with two pools

Miami /
Sep.September 21, 2020 10:30 AM
Jacques Nasser and 445-441 East Rivo Alto Miami Beach (Courtesy of Dora Puig / Luxe Living Realty)

Jacques Nasser and 445-441 East Rivo Alto Miami Beach 

Lebanese-Australian business executive and philanthropist Jacques Nasser sold his waterfront Venetian Islands property for $18 million.

Nasser, former Ford Motor Company president and CEO, and former chairman of mining company BHP Billiton, sold the double-home at 445 to 441 East Rivo Alto Drive in Miami Beach, according to the Multiple Listing Service. The buyer is undisclosed and the property has yet to clear records.

The sale is one of the most expensive to close on the Venetian Islands in recent years.

The property includes two houses, each with a pool, with a total of nine bedrooms, seven bathrooms and one half-bath. Nasser paid $5 million for the 0.6-acre property in 2005. The homes were originally built in 1947 and 1956, records show.

The property hit the market in July for $19.9 million with Dora Puig of Luxe Living Realty. Douglas Kinsley of Fortune International Realty represented the buyer. Puig and Kinsley could not immediately be reached for comment.

Nasser worked for Ford for the majority of his career, from 1968 to 2001. He was chairman of BHP from 2010 to 2017, and serves on the boards of 21st Century Fox and Turkish conglomerate KOC Holdings, according to the Financial Review.

High-end waterfront homes have been selling throughout the pandemic. Earlier this month, spec home developers Eduardo Otaola, Rodrigo Diaz and Eduardo Lucca sold the waterfront mansion at 941 North Venetian Drive for $13.6 million.

In June, the former CEO of Bolthouse Farms listed his newly built Venetian Islands estate for $34 million.






    Related Articles

    arrow_forward_ios
     Zaha Hadid with her former Miami Beach home (Getty, Douglas Elliman)
    Zaha Hadid’s former South Beach condo hits the market for $8M
    Zaha Hadid’s former South Beach condo hits the market for $8M
    Colin Meadows and 451 East Dilido Drive, Miami Beach. (Invesco, Luxe Living Realty)
    Solid return on investment? Invesco managing director sells waterfront Venetian Islands home for $12M
    Solid return on investment? Invesco managing director sells waterfront Venetian Islands home for $12M
    Todd Michael Glaser and Billy Joel with 4640 North Bay Road (Getty, Glaser by Mary Beth Koeth, Todd Michael Glaser)
    Uptown world: Todd Glaser buys Billy Joel’s former Miami Beach home
    Uptown world: Todd Glaser buys Billy Joel’s former Miami Beach home
    Ed & Jackie Rabin and the Apogee Condos. (Getty, Apogee)
    Hyatt Hotels’ former president sells Apogee condo in South Beach for $8M
    Hyatt Hotels’ former president sells Apogee condo in South Beach for $8M
    Ariella Tolkin and Ryan Tolkin with 4380 North Bay Road (Tolkins via Zoom, Salt Conference)
    Finance honchos shell out $14M for waterfront North Bay Road home
    Finance honchos shell out $14M for waterfront North Bay Road home
    Jean-Louis Deniot and his recently sold Miami house. (Getty, Berkshire Hathaway Home Services)
    Jean-Louis Deniot sells waterfront Miami Beach home for $5M
    Jean-Louis Deniot sells waterfront Miami Beach home for $5M
    Miami-Dade condo sales map and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps)
    Miami-Dade condo sales and dollar volume surge at end of February
    Miami-Dade condo sales and dollar volume surge at end of February
    Marc Gardner with his new Miami waterfront house. (Bancard, One Sotheby's)
    Putting it on a credit card? North American Bancard CEO buying Miami Beach mansion for $37M: sources
    Putting it on a credit card? North American Bancard CEO buying Miami Beach mansion for $37M: sources
    arrow_forward_ios

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

    Loading...