Former Goldman Sachs exec buys waterfront Miami home for $11M

Sellers built the home in 2019

Miami /
Dec.December 11, 2020 03:40 PM
Stuart and Pamela Rothenberg with 4731 Lake Road, Miami (Patrick McMullan/Getty, Compass)

Stuart and Pamela Rothenberg with 4731 Lake Road, Miami (Patrick McMullan/Getty, Compass)

UPDATED, Dec. 11, 5:45 p.m.: A former Goldman Sachs executive bought a waterfront home in Miami’s Bay Point for $11.3 million.

Records show Stuart Rothenberg and his wife, Pamela, purchased the house at 4731 Lake Road in Miami from John and Cassandra Walbridge. John Walbridge owns Overseas Security and Strategic Information, a company that provides risk mitigation and support services to international governments, according to its website.

Stuart Rothenberg was the head of the real estate investment division at Goldman Sachs Group until he retired in 2008. He had held the position since 2003, and had worked at Goldman Sachs for 21 years.

The Walbridges bought the property for $3.7 million in 2003. According to records, an existing house was later demolished and the new home was completed in 2019.

The house first went on the market at the start of this year with an asking price of $14.9 million. The price dropped to $12.9 million in May. Betsy Magde and Marissa Kartheiser of Compass represented the sellers, while Eddy Martinez and Roland Ortiz of One Sotheby’s International Realty represented the buyers.

The 7,169-square-foot house has seven bedrooms, eight-and-a-half bathrooms, a wine cellar and a three-car garage. The outdoor area includes a 74-foot infinity lap pool and a dock with a boat lift.

Nearby, the managing director of an asset management firm bought a Bay Point home in November for $5.7 million.

Also in Bay Point, a home formerly owned by Enrique Iglesias sold for $6.5 million in 2019.






    Related Articles

    arrow_forward_ios
    625 Buttonwood Lane, Miami (Credit: Luxe Living Realty)
    Asset manager drops $6M on waterfront Bay Point development site
    Asset manager drops $6M on waterfront Bay Point development site
    Renderings of the project with Michael Simkins and Ryan Shear (PMG)
    PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami
    PMG, E11even Partners plan 65-story condo-hotel tower in downtown Miami
    Thor Chairman Joe Sitt, Stefano Ricci CEO Niccolo Ricci and the Miami store. (Getty, Thor, Miami Design District)
    Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
    Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
    Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
    Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
    Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
    Glenn C. Rice and 2700 Aqua Vista Boulevard, Fort Lauderdale (Linkedin, Google Maps)
    Pharma exec sells Fort Lauderdale waterfront mansion for nearly $13M
    Pharma exec sells Fort Lauderdale waterfront mansion for nearly $13M
    Ophir Sternberg with the Ritz-Carlton Residences, Miami Beach and the land for the villas (Lionheart Capital)
    GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
    GFI buys land for second phase of Ritz-Carlton Residences Miami Beach
    President and CEO at Caron Treatment Centers Doug Tieman with the units. (Google Maps, LinkedIn via Doug Tieman)
    Addiction treatment center operator pays $12M for Delray Beach apartments
    Addiction treatment center operator pays $12M for Delray Beach apartments
    (iStock)
    South Florida resi sales jump in Q4: Elliman
    South Florida resi sales jump in Q4: Elliman
    arrow_forward_ios

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

    Loading...