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
    830 Brickell and the co-developers Cain's Jonathan Goldstein and Vlad Doronin (Getty, OKO Group / Cain International)
    Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
    Lease roundup: Canada’s CI Financial picks Brickell for new US HQ
    Tech entrepreneur pays $8M for Continuum South Beach condo
    Tech entrepreneur pays $8M for Continuum South Beach condo
    Tech entrepreneur pays $8M for Continuum South Beach condo
    Ex-Miami Dolphins defensive end Andre Branch with the $6 million property (Getty, The Jills Zeder Group)
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    Renderings of 3017 Flamingo Drive and Andrew Lessman (D/Vice Inc., ProCaps Laboratories)
    Vitamin mogul Andrew Lessman wins approval to build Miami Beach mansion
    Vitamin mogul Andrew Lessman wins approval to build Miami Beach mansion
    After the construction of Eighty Seven Park (Google Maps)
    Before Surfside tragedy, neighboring tower faced opposition, delays over construction impact
    Before Surfside tragedy, neighboring tower faced opposition, delays over construction impact
    AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
    Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
    Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
    Jennifer Valoppi and Christian de Berdouare with 5004 North Bay Road (Getty, LPG/Douglas Elliman)
    Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
    Flying the coop: Chicken Kitchen owner sells waterfront Miami Beach spec mansion for $30M
    (Facebook via Hotel Astor Miami Beach)
    Shuttered Hotel Astor in Miami Beach gets a new owner
    Shuttered Hotel Astor in Miami Beach gets a new owner
    arrow_forward_ios

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

    Loading...