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.





    Related Articles

    arrow_forward_ios
    Ofizzina office tower in Coral Gables (TSG)
    Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
    Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
    One Bal Harbour at 10295 Collins Avenue in Bal Harbour, FL (Seaside Properties Group, iStock/Illustration by Steven Dilakian for The Real Deal)
    One Bal Harbour associations settle suit over shared utility, valet expenses
    One Bal Harbour associations settle suit over shared utility, valet expenses
    11349 Old Harbour Rd, North Palm Beach (Google Maps)
    Chicago real estate honcho buys waterfront home near North Palm Beach for $17M
    Chicago real estate honcho buys waterfront home near North Palm Beach for $17M
    Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
    Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
    Ram Realty, Pinnacle pay $15M for multifamily dev site near Aventura
    A photo illustration of 3600 Biscayne Boulevard in Miami (LoopNet, iStock)
    Denny’s sells Edgewater restaurant dev site in Miami for $24M
    Denny’s sells Edgewater restaurant dev site in Miami for $24M
    Ellen Hukkelhoven and 1300 Monad Terrace, penthouse F (World Medical Innovation Forum)
    Flipping out: Penthouse at Michael Stern’s Miami Beach project flips for 30% more in six months
    Flipping out: Penthouse at Michael Stern’s Miami Beach project flips for 30% more in six months
    Eastdil Secured’s D. Michael Van Konynenburg and Roy March with The Brickell Bay tower at 1001 Brickell Bay Drive (Eastdil, 1001 Brickell Bay)
    Eastdil Secured to open first Florida office in Miami’s Brickell
    Eastdil Secured to open first Florida office in Miami’s Brickell
    The retail property at 5875 Northwest 105th Court in Doral (Google Maps)
    Dallas firm picks up Aldi-anchored retail property in Doral for $22M
    Dallas firm picks up Aldi-anchored retail property in Doral for $22M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...