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
    Sheer Science CEO Jonathan Greenhut. (LinkedIn via Jonathan Greenhut, The Koolik Group / Compass)
    Skincare CEO buys lakefront Boca Raton mansion for $5M
    Skincare CEO buys lakefront Boca Raton mansion for $5M
    Robert Reffkin and Michael Karp (Compass, Linkedin)
    Compass acquires BEX Realty’s Florida agents
    Compass acquires BEX Realty’s Florida agents
    4400 Sanctuary Lane, Boca Raton and Haagen-Dazs founder Reuben Mattus (Google Maps, iStock, Haagen-Dazs)
    Sweet sale: Daughter of Haagen-Dazs founders sells waterfront Boca Raton mansion
    Sweet sale: Daughter of Haagen-Dazs founders sells waterfront Boca Raton mansion
    Omicrom’s Dan Statlander with (clockwise from left) Fountains Center, Boardwalk @ 18th, Grove Centre and City National Park (Omicrom Development)
    Here’s what tenants pay at this newly recapitalized Boca Raton mixed-use portfolio
    Here’s what tenants pay at this newly recapitalized Boca Raton mixed-use portfolio
    Alexander Bafer and 824 Pelican Point Cove, Boca Raton (LinkedIn, Choeff Levy Fischman Architecture)
    Former Facebank CEO buys waterfront Boca Raton spec home for $12M
    Former Facebank CEO buys waterfront Boca Raton spec home for $12M
    Terranova founder Stephen Bittel and Cineworld CEO Mooky Greidinger with Shadowood Square (Getty, Google Maps, Terranova, iStock)
    Terranova wins suit against Regal Cinemas over $807K in unpaid rent at Boca Raton shopping center
    Terranova wins suit against Regal Cinemas over $807K in unpaid rent at Boca Raton shopping center
    James and Marta Batmasian with former Boca Raton Mayor Susan Haynie (Investments Unlimited)
    Ex-Boca mayor pleads guilty in public corruption case over financial ties to real estate tycoon
    Ex-Boca mayor pleads guilty in public corruption case over financial ties to real estate tycoon
    1871 Thatch Palm Drive in Boca Raton’s Royal Palm Yacht & Country Club. (Royal Palm Properties)
    Homebuilder sells Boca Raton house for $6M
    Homebuilder sells Boca Raton house for $6M
    arrow_forward_ios

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

    Loading...