Developer buys waterfront La Gorce Island teardown for $8M

Sellers paid less than $500K for the house in 1985

Miami /
Nov.November 03, 2020 10:30 AM
James Curnin and 66 La Gorce Circle (Getty, Google Maps)

James Curnin and 66 La Gorce Circle (Getty, Google Maps)

A member of the Jack Parker real estate family bought a waterfront Miami Beach teardown for $7.5 million.

Clara Homes LGI LLC, managed by James Curnin, bought the house at 66 La Gorce Circle from Robert and Lisa Frankel, according to records. Clara Homes took out a $13.5 million loan from Maxim Credit Group LLC.

Curnin, the great-grandson of developer Jack Parker, founded Miami-based Clara Homes in 2017. Clara Homes focuses on high-end homes, multifamily assets and workforce rental communities, according to its website.

Records show the Frankel family bought the home for $455,000 in 1985.

Mick Duchon and Eloy Carmenate of Douglas Elliman brokered the recent sale. The 3,148-square-foot house, built in 1951, has four bedrooms and three bathrooms. It sits on a 0.44-acre lot.

Lisa Frankel, originally from Boston, is the founder of Miami-based jewelry company Phillips House.

Curnin has developed spec homes in the past. In 2019, he paid $7.25 million for a waterfront property on Allison Island, with plans to build two spec homes.

In September, luxury homebuilder Bart Reines bought a waterfront home on La Gorce Island for $6.8 million, and in August, a La Gorce Island mansion once owned by Cher listed for $22 million.





    Related Articles

    arrow_forward_ios
    Z Capital’s James Zenni Jr. with Carillon Miami Wellness Resort at 6801 Collins Avenue (LinkedIn, Google Maps, Eleventh Circuit Court)
    Z Capital slapped with $16M verdict in Carillon Miami Beach lawsuit
    Z Capital slapped with $16M verdict in Carillon Miami Beach lawsuit
    Fisher island, Continuum South Tower, Estates at Acqualina and rendering of Ritz-Carlton Residences (Google Maps, Ritz-Carlton)
    Miami-Dade condo sale prices continue to dip in November
    Miami-Dade condo sale prices continue to dip in November
    Continuum South Tower at 100 South Pointe Drive in Miami Beach (Google Maps)
    Continuum closing tops Miami-Dade’s weekly condo sales
    Continuum closing tops Miami-Dade’s weekly condo sales
    Marcelo Claure’s property at 5212 North Bay Road (Photo courtesy of Legendary Productions)
    Dirt turns to gold dust dreams: Inside Miami’s waterfront boom
    Dirt turns to gold dust dreams: Inside Miami’s waterfront boom
    Hotel Clifton at 1343 Collins Avenue (Google Maps, Getty)
    Hawkins Way Capital sells Clifton Hotel in South Beach
    Hawkins Way Capital sells Clifton Hotel in South Beach
    Chetrit Group’s Joseph Chetrit and Collins Park Hotel rendering (Getty, Chetrit Group)
    Chetrit nabs $83M construction loan for Collins Park project
    Chetrit nabs $83M construction loan for Collins Park project
    Miami skyline
    Miami predicted to be world’s second-best luxury market in ’23
    Miami predicted to be world’s second-best luxury market in ’23
    Z Capital's James Zenni Jr. with Carillon Miami Wellness Resort at 6801 Collins Avenue (LinkedIn, Google Maps)
    Z Capital allegedly owes $2M legal bill: lawsuit
    Z Capital allegedly owes $2M legal bill: lawsuit
    arrow_forward_ios

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

    Loading...