Canadian entertainment agency CEO pays record $5M for Hallandale Beach home

Sale beats previous record of $4M for Tamarind Drive home in 2019

500 Oleander Drive (Douglas Elliman)
500 Oleander Drive (Douglas Elliman)

UPDATED, Jan. 4, 11 a.m.: Developer Sady Chocron sold a nearly completed waterfront home in Hallandale Beach for $4.8 million, setting a record for residential sales in the Broward County city.

Chocron’s 500 Oleander Drive LLC sold the Golden Isles home at 500 Oleander Drive to Paul Vickers, the CEO of Canada-based Penny Lane Entertainment, according to property records.

The home was listed for $5.1 million with Alan Chocron of Douglas Elliman. Scott Eric Klein of Insignia International Properties and Michel Bitton from Compass represented Vickers. The previous record in Hallandale was set by the $4 million sale of 400 Tamarind Drive in 2019.

Chocron paid $1.2 million for the Oleander Drive lot in 2016. Construction started in 2018.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The 6,000-square-foot house includes seven bedrooms and seven and a half bathrooms, a two-car garage, a pool, 100-foot dock and 240 feet of water frontage.

Last year, Chocron filed plans for a live-work mixed-use building in Miami’s Morningside neighborhood.

Just south in Golden Beach, Sammy Sosa’s home went on the market for nearly $20 million and the owner of a real estate investment firm recently bought a waterfront home for $5.3 million.