Company tied to Orion Real Estate buys waterfront Miami Beach home

It hit the market last year for $8M, and sold for a 20% discount

Joseph A. Sanz & 190 S Hibiscus Drive, Miami Beach (Credit: Google Maps)
Joseph A. Sanz & 190 S Hibiscus Drive, Miami Beach (Credit: Google Maps)

UPDATED, Sept. 28, 2:55 p.m.: A company tied to Orion Real Estate Group paid $6.3 million for a waterfront Hibiscus Island home in Miami Beach.

Lime Island 31 LLC, tied to Joseph Sanz, founder and executive chairman of Miami-based Orion and Orion Investment and Management, closed on the 5,239-square-foot home at 190 South Hibiscus Drive. Jessica Molly Snyder sold the property.

Snyder and her then-husband Todd David Snyder bought the home in 2001 for $2.5 million, according to property records. The Snyder family sold an eight-bedroom, 12-bathroom estate in Miami Beach for $11.8 million last year.

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The Hibiscus Island house was first listed in 2019 for $8 million and reduced to $7.3 million. It sold for about 21 percent off the original asking price.

Snyder was represented by Lourdes Alatriste with Engel & Völkers.

The seven-bedroom, seven-bathroom home, built in 1939, was renovated in 2016, according to the listing.

Miami Beach has seen its share of big sales in recent months. Over the past week, closings revealed a restaurateur sold a waterfront home for $8 million, former Ford Motor executive Jacques Nasser sold his Venetian Islands estate for $18 million and a luxury homebuilder bought a La Gorce Island home for $6.8 million.