Brazilian family sells waterfront Key Biscayne mansion for $13M

Nearly 11K sf home hit the market last year for $19.5M, with a price drop to $15.5M in July

Miami /
Oct.October 15, 2020 04:30 PM
460 N Mashta Drive & David Siddons of Douglas Elliman

460 N Mashta Drive & David Siddons of Douglas Elliman

A wealthy Brazilian family sold a waterfront Key Biscayne mansion to West End Advisors for $13 million, The Real Deal has learned.

Records show Hallow Holdings, managed by British Virgin Islands company POA Management LTD, sold the home at 460 North Mashta Drive to West End Advisors LLC, a trustee of the Monta I.V. trust.

POA Management LTD lists Christiane Possa Marroni as its director. Marroni is the legal director and compliance officer at Grupo Gerdau Empreendimentos Ltda in Porto Alegre, Brazil, according to her LinkedIn.

David Siddons of Douglas Elliman represented the seller, which he described as a “very wealthy” Brazilian family, but declined to identify them. Philippe Neumann of Fortune International Realty represented the buyer, but declined to provide an identity.

The 10,875-square-foot mansion hit the market in 2019 at $19.5 million and then dropped to $15.5 million in July, according to Realtor.com.

The seller bought the home in 2007 for $7 million, according to records. The seven-bedroom, nine-bathroom mansion was originally built in 1971, but was rebuilt in 2015. The mansion, which sits on 0.8 acres, has 200 feet of water frontage, two boat docks, a four-car garage and a pool.

Other recent Key Biscayne sales include a founding partner of Platinum Equity selling his Key Biscayne waterfront mansion for $15.5 million, a cryptocurrency exec selling his oceanfront condo for $5.8 million and the former CEO of Burger King selling his waterfront property for $8.2 million.





    Related Articles

    arrow_forward_ios
    Regalia at 19575 Collins Avenue Sunny Isles Beach, Armani Residences at 18975 Collins Avenue Sunny Isles Beach, Asia Brickell Key at 900 Brickell Key Blvd, and Muse at 17141 Collins Avenue Sunny Isles Beach (Condo.com)
    Miami-Dade’s August top condo sales show market emerging from summer slowdown
    Miami-Dade’s August top condo sales show market emerging from summer slowdown
    Regalia at 19575 Collins Avenue in Sunny Isles Beach (Condo.com, Getty)
    Regalia tops Miami-Dade’s weekly condo sales
    Regalia tops Miami-Dade’s weekly condo sales
    A photo illustration of Asia Brickell Key (Getty Images, Google Maps/Ed Florez)
    Asia on Brickell Key tops Miami-Dade’s weekly condo sales
    Asia on Brickell Key tops Miami-Dade’s weekly condo sales
    Edition Residences unit 901 (Abraham Henandez)
    Edition in Miami Beach tops Miami-Dade’s weekly condo sales
    Edition in Miami Beach tops Miami-Dade’s weekly condo sales
    Akoya and Oceana Bal Harbour (Google Maps)
    Miami-Dade’s condo sales show a summer slump
    Miami-Dade’s condo sales show a summer slump
    Asia PH on Brickell Key (Fortune International Realty, Illustration by Priyanka Modi for The Real Deal with Getty)
    Asia PH on Brickell Key tops Miami-Dade’s weekly condo sales
    Asia PH on Brickell Key tops Miami-Dade’s weekly condo sales
    Massimo Cellino and 766 Harbor Drive in Key Biscayne (Getty Images, Compass)
    Controversial soccer club owner Massimo Cellino sells waterfront Key Biscayne mansion for $15M
    Controversial soccer club owner Massimo Cellino sells waterfront Key Biscayne mansion for $15M
    Oceana Bal Harbour
    Oceana Bal Harbour closing tops Miami-Dade’s weekly condo sales
    Oceana Bal Harbour closing tops Miami-Dade’s weekly condo sales
    arrow_forward_ios

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

    Loading...