Swallow this: Vitamin mogul sells second Miami Beach home for $20M

He sold the adjacent mansion in November for $17M

Andrew Lessman with 835 East Dilido Drive (Google Maps, Facebook/ProCaps, iStock)
Andrew Lessman with 835 East Dilido Drive (Google Maps, Facebook/ProCaps, iStock)

Vitamin mogul Andrew Lessman just swallowed some supplemental income, after selling his second waterfront Miami Beach estate in less than six months.

Lessman, who in 1979 founded the Henderson, Nevada-based vitamin company that became ProCaps Laboratories, sold the house at 835 East Dilido Drive on the Venetian Islands for $20.3 million.

Property records show his AML Investment IX LLC sold the property to a revocable trust managed by attorney Eric Grabois. Lessman’s same entity sold the adjacent property in November for nearly $17 million to Banir Ganatra, the CEO of Americor, a debt settlement company. Lessman also sold a unit at the Four Seasons Residences at the Surf Club in early 2020 for $6.2 million.

In the latest sale, Oren Alexander of Douglas Elliman represented Lessman, and Jeff Miller of One Sotheby’s International Realty brought the buyer, according to Redfin.

The buyer financed the purchase with a $12.2 million loan from J.P. Morgan Chase, records show.

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The seven-bedroom, 7,066-square-foot Di Lido Island home features a large office with privacy glass, a zero-edge pool, spa, cabana kitchen, Ipe wood dock, a private gym, and 12-foot-high retractable windows. The house was built in 2018 on a nearly 15,000-square-foot lot. It has 99 feet of water frontage.

Sales have boomed on the Venetian Islands recently.

Restaurateur Myles Chefetz just sold his waterfront home to billionaire Warren Lichtenstein, founder and executive chairman of Steel Partners Holdings L.P., for $15.5 million in an off-market sale.

Last month, the founder of the Ticket Clinic sold his waterfront Rivo Alto home for $21 million. And the seller of a waterfront home on San Marino Island flipped it for $23.5 million, four months after buying it for $20.4 million.

Late last year, tech investor Keith Rabois paid a record $28.9 million for a waterfront mansion on North Venetian Way on the Venetian Islands.