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.