Media mogul Kenneth Lerer sold his Venetian Islands mansion for $25 million in an off-market sale.
Lerer, a co-founder of The Huffington Post and a longtime former chairman of BuzzFeed, sold the 10,770-square-foot house at 33 East Dilido Drive, according to the Wall Street Journal.
Lerer, now managing partner at his venture capital firm Lerer Hippeau, paid $7 million for the property in 2014, and built his mansion on the waterfront Miami Beach lot. Investor Bob Zangrillo sold him the 0.3-acre lot seven years ago, records show.
The home has eight bedrooms, a rooftop terrace, white oak floors and double-height ceilings, the Wall Street Journal reported. It was completed in 2017.
Dina Goldentayer of Douglas Elliman brokered the sale.
Luxury sales throughout the Venetian Islands and Miami Beach have soared recently.
Vitamin mogul Andrew Lessman sold two adjacent waterfront estates on Di Lido Island in November and March for a combined $37.3 million.
Restaurateur Myles Chefetz just sold his waterfront Venetian Islands home to billionaire Warren Lichtenstein, founder and executive chairman of Steel Partners Holdings L.P., for $15.5 million. It was also an off-market sale.
[WSJ] – Katherine Kallergis