Daren Metropoulos, a son of Greek-American billionaire C. Dean Metropoulos, paid $18 million for an oceanfront home in Miami Beach’s Altos del Mar community, sources told The Real Deal.
Mark Keller and his wife, Carolyn Keller, sold the five-bedroom, 5,686-square-foot house at 7815 Atlantic Way on Friday. It was listed for $19.3 million.
Metropoulos, who owns the Playboy Mansion in L.A., is not the first in his family to pick up pricey Miami area real estate. In recent years, Daren’s brother Evan acquired adjacent homes in Key Biscayne for nearly $60 million.
Mark Keller, the seller of the Atlantic Way home, is chairman and CEO of Edge Funds, an investment and asset management firm with offices in Washington, D.C., New York and Miami Beach. He was previously CEO of Republic Property Trust, a real estate investment trust.
His wife founded EBeauty Community, a nonprofit that helps women undergoing cancer treatment.
Oren Alexander of Douglas Elliman represented the Kellers, while Miltiadis Kastanis and James Hait of Douglas Elliman brought the buyer. They declined to comment on the deal.
C. Dean Metropoulos is worth about $2.6 billion, according to Forbes. His Metropoulos & Co. owns Lenexa, Kansas-based Hostess Brands along with Apollo Global Management, based in New York. Daren Metropoulos is a principal at his father’s firm, alongside his brother Evan.
The three-story Miami Beach home has two full kitchens, a home theater, three wine cellars, three fireplaces, a guest house and outdoor kitchen. It sits on a 0.37-acre lot.
The Kellers paid $3.5 million for the property in 2012, and built the house in 2015, records show.
The house was most recently listed for $19.3 million in December. It was marketed as a hurricane-proof property, with a full-house generator and doors and windows that can withstand winds of 257 miles per hour. A Category 5 storm has winds of at least 157 miles per hour.
Next door, Bal Harbour Shops owner Matthew Whitman Lazenby in February paid more than $17 million for an oceanfront Altos Del Mar estate.