Hedge funder sells oceanfront home in Highland Beach for $17M

A hedge funder sold an oceanfront home in Highland Beach for $17 million.

Brandon Minassian Pellegrino and Jolee Gitch Pellegrino sold the house at 4101 South Ocean Boulevard to Joshua Memling Golder, according to records. Golder also owns two units at Murano Grande at Portofino that he bought for $7.6 million in October, property records show.

Devin Kay

Brandon Minassian Pellegrino is the chief investment officer at Boca Raton-based Naso Capital Management, according to his Linkedin page. He was formerly the head of structured credit trading at Boca Raton-based III Capital Management.

The Pellegrinos purchased the property in 2014 for $3.5 million. Records show that they constructed the existing home in 2018.

The home first hit the market in 2018 with an asking price of $19.5 million. After many price changes, the most recent asking price was $17.5 million in October. Devin Kay and Nick Malinosky of Douglas Elliman brokered the deal.

Nick Malinosky

The seven-bedroom, seven-and-a-half bathroom house totals just under 8,000 square feet and sits on a 29,421-square-foot lot, according to Palm Beach County property records. The property has 100 feet of ocean frontage.

According to the listing, the home has a movie room, a 300-gallon aquarium and a five-car garage.

Recently in Highland Beach, a healthcare investor paid $21.6 million for a waterfront mansion, and the founder of a telecommunications software company sold his oceanfront mansion for $7.9 million.

Nearby in Boca Raton, the commissioner of the National Hockey League bought a waterfront mansion for $8 million.