Financier sells waterfront Hibiscus Island home for $9M

Sellers bought the house for $5.6M in 2006

Miami /
Mar.March 12, 2021 10:30 AM
205 North Hibiscus Drive, Miami Beach (RESF)

205 North Hibiscus Drive, Miami Beach (RESF)

A financier sold a waterfront home on Miami Beach’s Hibiscus Island for $9 million.

Christopher Innes, individually and as trustee of The Crockett Family Trust, and his wife, Ingrid P. Innes sold the home at 205 North Hibiscus Drive to 205 North Hibiscus Drive Holdings LLC, records show.

Chris Innes is chief investment officer at Crockett Family Office, according to his Linkedin. Previously, he was the head of equities for the Americas at BNP Paribas CIB.

The buying entity links to Nelson Mullins, a Miami-based law firm.

The Inneses bought the property in 2006 for $5.6 million. Records show ownership of the deed was granted to Christopher Innes and Kurt L. Gottschall, as trustees of The Crockett Family Trust, in 2009 for $4.2 million. The ownership was again transferred in 2018 to Christopher Innes, individually and as trustee of The Crockett Family Trust, and Ingrid Innes.

According to a release, the sale broke a Hibiscus Island record for highest price per square foot at $2,580 per square foot.

The home was first listed in May 2010 with an asking price of $6.5 million. It was later relisted in January asking $10 million, according to Realtor.com.

Andres Morales

Andres Morales

Andres Morales with Real Estate Sales Force represented the sellers, and Chad Carroll of Compass represented the buyer. Morales declined to disclose the identity of the seller or buyer.

Built in 1956, the 3,488-square-foot home features four bedrooms and three bathrooms, according to property records. The sellers also constructed a cabana on the property in 2016.

The home sits on a nearly half-acre lot and has a pool and 120 feet of water frontage, according to the listing.

According to Morales, the buyer bought the neighboring property as well, and plans to demolish both houses and build a new home.

Recently on Miami Beach’s Hibiscus Island, a Mexican producer and businessman bought a mansion for $6.5 million, and the president and CEO of an Ohio-based mortgage company paid $11.8 million for a waterfront home. In October, a waterfront mansion on Hibiscus Island sold for $7.8 million.





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