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

Miami /
Sep.September 28, 2020 10:30 AM
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.

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.






    Related Articles

    arrow_forward_ios
    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
    Steven and Farrel Starker with 114 West San Marino Drive, Miami Beach (Getty, Google Maps)
    Investment banker buys waterfront Venetian Islands teardown for nearly $10M
    Investment banker buys waterfront Venetian Islands teardown for nearly $10M
    A rendering of the Byron Carlyle Cultural Center, Jared Galbut and Keith Menin (Miami Beach City Commission, Google Maps)
    It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
    It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
    James Star and The Caribbean at 3737 Collins Avenue in Miami Beach (Photos via Google Maps; Chewy)
    Finance mogul linked to Crown family buys Miami Beach penthouse and cabana for $13M
    Finance mogul linked to Crown family buys Miami Beach penthouse and cabana for $13M
     Matthew Whitman Lazenby with 7825 Atlantic Way (Blue Ocean Photography, iStock)
    Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
    Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
    46 Star Island Drive (Google Maps)
    Iacovelli finds a buyer for his Star Island mansion once asking $65M
    Iacovelli finds a buyer for his Star Island mansion once asking $65M
    Westime owner Jean Simonian and Washington Park Hotel. (Facebook via Westime and Washington Park Hotel)
    Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
    Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
    Don Peebles and the Bath Club (Getty, Peebles Corp.)
    Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
    Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
    arrow_forward_ios

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

    Loading...