Mexican paint mogul pays $18M for Golden Beach home

Oceanfront home, built in 2000, sold for nearly $2,900 psf

Miami /
Apr.April 08, 2021 10:30 AM
Marcos Achar (PPG, Compass)

Marcos Achar (PPG, Compass)

A company tied to Mexican businessman Marcos Achar paid $17.5 million for an oceanfront home in Golden Beach.

Property records show 547 Ocean LLC sold the home at 547 Ocean Boulevard to T&D Holdings LLC, a Nevada corporation. State records show Achar is a manager of the LLC.

According to Forbes, the Achar Levy family sold their paint and waterproofing products company, Comex, to PPG Industries in 2014 for $2.3 billion.

The seller of the Golden Beach home is managed by attorney Michael H. Novak.

Alexander Goldstein

Alexander Goldstein

Alexander Goldstein of Miles Goldstein Real Estate represented the seller, while Michael Williamson of Charles Rutenberg Realty Fort represented the buyer. Goldstein declined to comment on the identities of the seller and buyer. Williamson could not be reached.

The 6,064-square-foot house, built in 2000, hit the market for $17.5 million in November. It sold for nearly $2,900 per square foot, a record for Golden Beach, Goldstein said. It’s unclear if the buyer will tear down the home.

The seven-bedroom, six-and-a-half-bathroom house includes a sauna, massage room, gym, movie theater and basement.

Recent sales in Golden Beach include the nearly $11 million trade of an oceanfront lot, and violist David Aaron Carpenter’s $5 million purchase of a waterfront home.






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