Software telecom company founder sells waterfront Highland Beach mansion for $8M

Property hit the market for nearly $12M

Miami /
Nov.November 06, 2020 03:30 PM
3573 South Ocean Boulevard, Highland Beach (Google Maps)

3573 South Ocean Boulevard, Highland Beach (Google Maps)

The founder of a telecommunications software company sold his oceanfront Highland Beach mansion for $7.9 million.

Dragos Alexe and his wife, Susanne Kramer, sold the home at 3573 South Ocean Boulevard to 3573 S. Ocean Blvd. LLC, a Delaware company, property records show.

Alexe, who founded Matawan, New Jersey-based DAX Technologies in 1996, sold the company to United Kingdom firm Spirent Communications in 2014 for $37 million, according to Reuters.

The 6,788-square-foot home hit the market in 2017 for $11.8 million, according to Realtor.com. Premier Estate Properties represented the seller, and Keller Williams of Miami Beach Realty represented the buyer. It was most recently asking $8.5 million in May.

Alexe paid $4.7 million for the house in 2014, according to property records. It was built in 2001 and has six bedrooms and eight and a half bathrooms.

Earlier this year, Grafton Street Capital, led by Sean Posner and Jed Resnick, and Halstatt Real Estate Partners sold two townhouses they developed in Highland Beach for $6 million and $5.8 million.

Just down the road in Boca Raton, a financier couple recently paid $12 million for a spec mansion and a billionaire building supplies businesswoman bought a home for $15.9 million within the Royal Palm Yacht & Country Club community.





    Related Articles

    arrow_forward_ios
    Elliot Stone of Royal Castle Companies (FIU Foundation, LoopNet)
    Royal Castle Companies buys offices at Boca’s Park at Broken Sound
    Royal Castle Companies buys offices at Boca’s Park at Broken Sound
    Renderings of the Tacocraft Taqueria & Tequila Bar and the Cypress Pointe Distribution Center in Pompano Beach (Tacocraft, Cushman & Wakefield)
    Lease roundup: Tacocraft opening in Plantation, new stores in line for Boca Raton mall
    Lease roundup: Tacocraft opening in Plantation, new stores in line for Boca Raton mall
    Beztak, Wexford plan Boca Raton apartment project, buy site for $13M
    Beztak, Wexford plan Boca Raton apartment project, buy site for $13M
    Beztak, Wexford plan Boca Raton apartment project, buy site for $13M
    Rockpoint Group buys waterfront Boca Raton hotel for $38M
    Rockpoint Group buys waterfront Boca Raton hotel for $38M
    Rockpoint Group buys waterfront Boca Raton hotel for $38M
    Lease roundup: Barry’s ditches LA for Miami, law firm to move to Mizner Park
    Lease roundup: Barry’s ditches LA for Miami, law firm to move to Mizner Park
    Lease roundup: Barry’s ditches LA for Miami, law firm to move to Mizner Park
    5000 T-Rex Avenue in Boca Raton
    Boca Raton Innovation Campus sells for $320M, marking record South Florida office deal
    Boca Raton Innovation Campus sells for $320M, marking record South Florida office deal
    Homebuilder sells his waterfront Boca manse for $22M
    Homebuilder sells his waterfront Boca manse for $22M
    Homebuilder sells his waterfront Boca manse for $22M
    Boca Raton office buildings sell in separate trades for $49M
    Boca Raton office buildings sell in separate trades for $49M
    Boca Raton office buildings sell in separate trades for $49M
    arrow_forward_ios

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

    Loading...