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
    (Facebook via Golfview Flats)
    Snow Real Estate buys Sunrise apartments for $15M
    Snow Real Estate buys Sunrise apartments for $15M
    South Florida’s industrial real estate market experienced strong leasing activity, low vacancy rates and asking rent hikes (Getty)
    South Florida industrial sector keeps beating pandemic odds, Q2 report shows
    South Florida industrial sector keeps beating pandemic odds, Q2 report shows
    Inventory for single-family homes and condos fell, indicating a seller’s market (Getty)
    South Florida residential sales soar to $8B in June, led by luxury buys
    South Florida residential sales soar to $8B in June, led by luxury buys
    Rendering of the project and the location for the development (Google Maps, Native Realty)
    Former Fort Lauderdale church site to be reborn with offices, retail
    Former Fort Lauderdale church site to be reborn with offices, retail
    Davie student housing complex scores $62M refi, construction loan
    Davie student housing complex scores $62M refi, construction loan
    Davie student housing complex scores $62M refi, construction loan
    Avery Pompano Beach apartments with Yaakov Frankforter of Frankforter Group (LinkedIn via Frankforter, Avery Pompano Beach)
    Frankforter Group buys Pompano Beach apartments for $43M
    Frankforter Group buys Pompano Beach apartments for $43M
    Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
    Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
    Lease roundup: Apparel company inks 142K sf lease in Miami Gardens & more
    Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
    Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
    Yacht Haven Park & Marina in Fort Lauderdale sells for $58M
    arrow_forward_ios

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

    Loading...