Intimate apparel CEO buys waterfront Sunset Islands home for $13M

Builder Paul Torres sold the home, which has a guest house, rooftop deck

Miami /
Mar.March 17, 2021 10:30 AM
Ariela & Associates International CEO Ariela Esquenazi. (Ariela & Associates, Corcoran)

Ariela & Associates International CEO Ariela Esquenazi. (Ariela & Associates, Corcoran)

The CEO of an intimate apparel company paid $12.5 million for a Miami Beach house.

Property records show 2111 Tranquility Base LLC sold the seven-bedroom, 6,616-square-foot home at 2111 Lake Avenue in the Sunset Islands to Ariela Esquenazi. Esquenazi leads Ariela & Associates International, a New York-based manufacturer of intimate apparel, sleepwear and swimwear.

The Sunset Island IV home was on the market with

Julian Johnston of the Corcoran Group. (Corcoran)

Julian Johnston of the Corcoran Group. (Corcoran)

Julian Johnston of the Corcoran Group. Cory Waldman of Coldwell Banker represented the buyer, according to Realtor.com.

The property features a main house, guest home, chef’s kitchen, library, and a floating staircase that leads to an 800-square-foot rooftop deck. It also has an outdoor entertainment area, negative edge pool, spa, waterfall, cabana with a summer kitchen, bar and a sundeck.

The seller is the builder of the property, who offered a one-year warranty for the home at closing, according to the listing. Paul Tolles and Tina Torrente Tolles manage the LLC that sold the home. Paul owns Plum Property Management/Plum Construction, based in Miami Beach.

Records show the Tolleses had transferred ownership of the 0.35-acre property to an LLC after they purchased it in 2011 for $2.1 million. The house was built in 2015.

Cory Waldman of Coldwell Banker (Coldwell Banker)

Waterfront home sales have been on the rise in Miami Beach for months.

Earlier this month, the buyer of hospitality mogul David Grutman’s Miami Beach house flipped it for nearly $2 million more.

In January, spec home developer Todd Michael Glaser and his partner Rony Seikaly sold a waterfront Sunset Islands mansion to a venture capital investor Jason Wright for $18.5 million.





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