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

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

Miami /
Dec.December 31, 2020 10:30 AM
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.

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.






    Related Articles

    arrow_forward_ios
    South Florida contracts increase through the end of 2020. (Getty)
    Signed resi contracts up in South Florida in December
    Signed resi contracts up in South Florida in December
    Palm Beach (iStock)
    South Florida resi contracts continue growing in November, with Palm Beach in the lead
    South Florida resi contracts continue growing in November, with Palm Beach in the lead
    (iStock)
    South Florida October construction starts drop, year-over-year
    South Florida October construction starts drop, year-over-year
    Jim Carr and Armando Codina, with a rendering of a home
    CC Homes launches sales of luxury homes in Southwest Ranches
    CC Homes launches sales of luxury homes in Southwest Ranches
    Prospective buyers continued to sign contracts for both condos and houses throughout South Florida in October
    Signed resi contracts rise again in South Florida in October
    Signed resi contracts rise again in South Florida in October
    920-1934 Stirling Road in Broward and 510 Linton Boulevard in Delray Beach (Google Maps, iStock)
    South Florida’s retail market weakens in Q3
    South Florida’s retail market weakens in Q3
    Clockwise from top left: 1801 NW 82nd Ave, Miami; 6600 Congress Avenue, Boca Raton; 501 103rd Avenue, Royal Palm Beach; 3423 McIntosh Road, Hollywood (Google Maps)
    South Florida industrial market shows signs of weakness in Q3
    South Florida industrial market shows signs of weakness in Q3
    Mike Nunziata & the site map
    13th Floor scores approval for housing community on former golf course in Tamarac
    13th Floor scores approval for housing community on former golf course in Tamarac
    arrow_forward_ios

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

    Loading...