Eddie Irvine sells Venetian Islands spec home for $17M

Irvine built the home in 2020

Miami /
Apr.April 19, 2021 04:30 PM
Eddie Irvine and 100 West San Marino Drive, Miami Beach (Getty, Google Maps)

Eddie Irvine and 100 West San Marino Drive, Miami Beach (Getty, Google Maps)

Spec home developer and former Formula One race car driver Eddie Irvine sold a waterfront home on the Venetian Islands for $17.1 million.

Records show Mega Miami Beach LLC, a Florida corporation managed by Irvine, sold the spec home at 100 West San Marino Drive in Miami Beach to 100 West San Marino Drive LLC.

The buying entity is managed by James F. Kull, the founder and managing director of Cypress Point Wealth Management, a Dallas-based financial planning and investment management firm, according to its website. Before founding Cypress Point, Kull was a corporate attorney at Vinson & Elkins.

Kull financed the purchase with a $9.4 million loan from First Republic Bank, according to records.

Irvine is an active investor and developer on the Venetian Islands. In December Irvine spent $7.6 million on a Venetian Islands home, and in October he bought a Venetian Islands lot for $5.1 million.

Reinis Cirulis, a real estate agent with Sir Realty, signed the deed on behalf of Mega Miami Beach LLC, as an authorized member. Cirulis and Irvine have worked together previously. They sold a nine-bedroom home on the Sunset Islands in October for $16 million.

Mega Miami Beach LLC purchased the Venetian Islands property in 2015 for $4.8 million, records show. In 2018, the corporation demolished a home on the property and began constructing the existing, 5,165-square-foot house. The new home was completed last year.

The house was initially listed in May 2015, a month after its purchase, for $6.5 million. It was relisted three years later at the same price. It was most recently asking $17 million in December.

Julian Johnston of The Corcoran Group represented the seller, while Jeri Jenkins of Coldwell Banker Realty and Jean Echemendia of Douglas Elliman represented the buyer, according to Zillow.

The waterfront home has five bedrooms, seven full bathrooms and two half-bathrooms on a 10,500-square-foot lot.

Recently on the Venetian Islands, a co-founder of The Huffington Post sold his mansion at 33 East Dilido Drive for $25 million, vitamin mogul Andrew Lessman sold his house at 835 East Dilido Drive for $20.3 million, and restaurateur Myles Chefetz sold his waterfront home at 714 West Dilido Drive for $15.5 million.





    Related Articles

    arrow_forward_ios
    Alex Sapir and Yanina Sapir
    How real estate’s rich live: Alex Sapir’s wife seeks $175K/month in divorce
    How real estate’s rich live: Alex Sapir’s wife seeks $175K/month in divorce
    Z Capital’s James Zenni Jr. with Carillon Miami Wellness Resort at 6801 Collins Avenue
    Carillon Miami Beach condo owners win suit over Z Capital’s “dictatorship”
    Carillon Miami Beach condo owners win suit over Z Capital’s “dictatorship”
    Gina Rinehart with 107 Dolphin Road and 6 Via Los Incas in Palm Beach
    Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
    Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
    Tommy and Dee Hilfiger with 930 South Ocean Blvd in Palm Beach (Google Maps, Getty)
    Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
    Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
    John Ruiz with 530 Arvida Parkway
    John Ruiz sells waterfront Gables Estates home for discounted $30M
    John Ruiz sells waterfront Gables Estates home for discounted $30M
    1800 West Indiantown Road in Jupiter, PGIM's Eric Adler with 12503-12681 Miramar Parkway in Miramar and Orion Real Estate Group's  Kevin Sanz with 13605-13619 South Dixie Highway in Pinecrest
    South Florida retail vacancies drop, rents rise in the fourth quarter
    South Florida retail vacancies drop, rents rise in the fourth quarter
    The Development site at 9163-9165 Collins Avenue in Surfside with Fort Partners' Nadim Ashi
    Fort Partners pays $42M for Surfside condo development site
    Fort Partners pays $42M for Surfside condo development site
    From left: Prologis' Hamid Moghadam, MG3 Group’s Marcelo Saiegh, and TA Realty's James Buckingham (Getty, Prologis, MG3 Group, TA Realty)
    South Florida industrial market softens, rents rise again in fourth quarter
    South Florida industrial market softens, rents rise again in fourth quarter
    arrow_forward_ios

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

    Loading...