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
    Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
    Phil Gutman leaves Brown Harris Stevens Miami
    Phil Gutman leaves Brown Harris Stevens Miami
    Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)
    PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
    PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
    Ophir Sternberg with the Ritz-Carlton Residences, Miami Beach and the land for the villas (Lionheart Capital)
    GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
    GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
    (iStock)
    South Florida resi sales jump in Q4: Elliman
    South Florida resi sales jump in Q4: Elliman
    Richard Bressler and Lisa Gersh with 1425 West 25th Street, Miami Beach (Getty, Google Maps)
    Media titans buy Sunset Islands home for $5M
    Media titans buy Sunset Islands home for $5M
    Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
    Compass’ Assouline Team expands to Miami Beach
    Compass’ Assouline Team expands to Miami Beach
    Images of Arte, Ritz-Carlton Residences Miami Beach, Ritz-Carlton Residences Miami Beach and One Thousand Museum (One Thousand Museum via One Sotheby's)
    Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
    Buyers shift to condos as waterfront single-family luxury inventory dwindles in South Florida
    Chris Bosh and his North Bay Road home, 6396 North Bay Road (Getty, One Sotheby’s International Realty)
    Chris Bosh sells waterfront Miami Beach mansion for $15M
    Chris Bosh sells waterfront Miami Beach mansion for $15M
    arrow_forward_ios

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

    Loading...