search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aVornado, Rudin reveal plan for larger 350 Park Avenue projectVornado, Rudin reveal plan for larger 350 Park Avenue projectDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debt
Residential
South Florida

Golden Beach mansion of late South Florida developer who died of Covid-19 trades for $8M

Property was first listed for $16M in 2019

429 Center Island Drive and Vladimir Spector (Lifestyle Production Group, Linkedin)
429 Center Island Drive and Vladimir Spector (Lifestyle Production Group, Linkedin)

UPDATED, Jan 13, 5:25 p.m.: The family of late South Florida developer Alberto Galsky sold his waterfront Golden Beach mansion for $8.1 million.

Records show Alexander Galsky, Alberto’s nephew, and Howard B. Nadel, an attorney, sold the home at 429 Center Island Drive to husband and wife Vladimir Spector and Elizabeth Dascal.

Vladimir Spector is executive managing director at NAI Friedland, a real estate brokerage in New York. It is the largest privately-held commercial real estate brokerage in Westchester County, according to its website.

Alberto Galsky was a developer in South Florida and the founder of Kspace Miami, a center for Jewish learning that hosts social events, according to its website. Galsky was in the process of constructing a new home at 399 Golden Beach Drive in Golden Beach when he contracted Covid-19 and died in July at 81.

Jill Hertzberg with Coldwell Banker and Janette Zafrani, Galsky’s fiancee, of Elite International Realty represented Galsky. The buyer did not use an agent, according to Zafrani.

Records show Galsky had purchased the property under an LLC in 2009 for $2 million. He began constructing a new mansion in about 2012 and completed it in 2014.

Sign Up for the undefined Newsletter

The house was originally listed in February 2019 for $15.9 million, according to Realtor.com. The property’s asking price declined steadily before and after Galsky’s death. It was most recently asking $8.9 million in October.

Built by CBJ Construction, the roughly 11,000-square-foot mansion has a rare three stories. The house has seven bedrooms, seven full bathrooms and two half-bathrooms. The property also includes a 4,000-gallon saltwater fish tank, a gym, infinity pool and 120 feet of water frontage with a dock.

According to Eli Eskenazi of Artek Design, the buyers plan to remodel the home.

Eskenazi was also involved in the recent sale of a $5.7 million home in Golden Beach, whose new owners plan to renovate.

This month, a large, oceanfront Golden Beach lot sold for $24 million. In October, the owner of a real estate investment firm bought a waterfront home for $5.3 million.

Correction: A previous version of the story had an incorrect name for the construction company of the home.

Tags
CoronavirusGolden Beach