Canadian businessman sells waterfront Allison Island home

Seller bought DJ Khaled’s Miami Beach house in June

Simon Librati and Richard Wagman with 6455 Allison Road, Miami Beach (Linkedin, Google Maps)
Simon Librati and Richard Wagman with 6455 Allison Road, Miami Beach (Linkedin, Google Maps)

Canadian businessman Simon Librati sold a waterfront house on Allison Island for $8.2 million.

Mosi Real Estate LLC, led by Librati, sold the home at 6455 Allison Road in Miami Beach to Anna Mabel Miami LLC, records show.

Librati was the former co-chairman and CEO of New York-based World Trade Financial Group. In 2018, he agreed to a five-year suspension from working in the U.S. brokerage industry or owning a brokerage following an investigation of his firms’ trading, according to the Wall Street Journal.

In June, Librati bought DJ Khaled’s waterfront Aventura mansion for $4.8 million.

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The buyer is managed by Richard Wagman, who is managing partner and co-founder of real estate investment and operating company Madison Capital. The firm was founded in 2002 and currently manages over $3.1 billion in assets, according to its website.

Librati purchased the five-bedroom, four-bathroom home in 2018 for $6 million. It was built on a 21,600-square-foot lot and includes a pool and 50-foot dock.

The 3,835-square-foot house hit the market last year asking $7.4 million. The price was raised to $9.2 million in January.

Diane Lieberman with One Sotheby’s International Realty represented the seller, while Ryan Mendell of Maxwell E. Realty Inc. represented the buyer.

Recently on Allison Island, a Miami Beach lawyer sold a waterfront home for $5 million and Linda Lambert, the widow of Eastdil founder Benjamin Lambert, bought a spec home for $13 million.