Former biotech CEO buys waterfront home on Pine Tree Drive for $12M

Property has 66 feet of frontage on the Intracoastal Waterway

Miami /
Apr.April 14, 2021 12:30 PM
Troy Martin Cox and 5191 Pine Tree Drive, Miami Beach (Google Maps)

Troy Martin Cox and 5191 Pine Tree Drive, Miami Beach (Google Maps)

Troy Martin Cox, the former CEO of a biotech company, bought a waterfront home in Miami Beach for $11.7 million.

Records show Cox and his husband, Adeo Carreon Alday, purchased the house at 5191 Pine Tree Drive from Elie Khoury.

Cox is the former CEO of Cambridge, Massachusetts-based Foundation Medicine, a molecular information company. Previously, he was the senior vice president at Genentech, according to his Linkedin page.

Khoury is the president and founder of New Orleans-headquartered KFK Group, a real estate development firm. He also founded Southeast Restaurant Group, a sister company of the KFK Group that operates restaurant chains, including TGI Fridays, Taco Bell and Wendy’s. SRG is also based in New Orleans.

Khoury bought the three-story home in 2019 for $6.3 million, records show.

The property was listed in February for $11.7 million. John Guarin of John Guarin represented the seller, and Diane Giacobbi of Douglas Elliman represented the buyer.

The 5,855-square-foot house has six bedrooms, six full bathrooms and two half-bathrooms. According to the listing, the home also has a 2,000-square-foot rooftop deck, an elevator and a wine cellar.

The 12,223-square-foot lot has 66 feet of frontage on the Intracoastal Waterway and a private dock.

Also this month in Miami Beach, the son of Greek-American C. Dean Metropoulos bought an oceanfront home for $18 million, and a principal at a commercial real estate company spent $18.3 million for a waterfront house on North Bay Road.






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