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Widow of late Padrón Cigars founder sells waterfront Venetian Islands home for $6M
Property includes 70 feet of waterfront
Florinda Padrón, the widow of late cigar mogul José O. Padrón, sold her waterfront Venetian Islands home for $6.1 million.
Records show Padrón sold the house at 1335 North Venetian Way in Miami Beach to 9 Kings Capital LLC, a Delaware corporation. The address listed for the buying entity leads to Redbadge, a venture capital and private equity firm with offices in New York City and King of Prussia, Pennsylvania.
José Padrón founded Miami-based Padrón Cigars 1964. He died in 2017.
The Padróns purchased the 5,114-square-foot home in 1984 for $230,000, records show. The house was built in 1950. Property records show a dock and boatlift were added in 2009, and the kitchen underwent a renovation in 2013.
The house was listed in November for $5.8 million. Danny Hertzberg of Coldwell Banker’s The Jills Zeder Group represented the seller, and Felise Eber of the same group represented the buyer.
The listing advertises the house as a teardown or renovation project.
The five-bedroom, five-and-a-half-bathroom home includes an elevator, two-car garage and a pool. According to the listing, the property spans 12,250 square feet and features 70 feet of water frontage.
Among other recent sales on the Venetian Islands, Kenneth Lerer, co-founder of The Huffington Post and longtime former chairman of BuzzFeed, sold his mansion for $25 million; and vitamin mogul Andrew Lessman sold a waterfront house for $20.3 million. Also, restaurateur Myles Chefetz sold his home for $15.5 million, and Keith Menin bought a waterfront property for $21 million.