Charter airline exec lands big profit on mansion flip

The president of a charter airline flipped his waterfront Coral Gables mansion for $19.4 million, pocketing a tidy profit less than a year after he purchased the property.

Jeff Conry of iAero Airways and his wife, Sherianne, sold the home at 6312 Riviera Drive, records show. The buying entity — Registered Corporate Services LLC — is managed by Pablo S. Quesada and Roland Sanchez-Medina, both partners at Coral Gables-based SMGQ Law. The LLC took out a $13.4 million loan on the property from City National Bank of Florida, according to records.

Mocca Realty’s Diana Gutierrez represented the sellers and Alex Pirez — also of Mocca Realty — represented the buyer.

The Conrys purchased the 9,550-square-foot mansion for $14.9 million in July. The property sold quickly amid what has been a hot residential market. It listed earlier this month for $19.5 million.

The two-story home has six bedrooms, six bathrooms and a guest wing. It was built in 1937 and was renovated in 2012, according to the listing. The property encompasses 1.6 acres and features 212 feet of water frontage, two boathouses, a tennis court, a pool and a pond.

Miami-based iAero Airways, formerly known as Swift Air, was founded in 1997 and calls itself the largest charter airline in the U.S.

Also this month in Coral Gables, a founding partner of a London-based private equity firm paid $6 million for a lakefront home. In February, the head of a concrete manufacturer bought a waterfront mansion for $10.6 million.