Following his own advice? CEO of financial advisory buys Fisher Island condo for $6M

Unit sold for $1,685 psf

Miami /
Apr.April 29, 2021 05:30 PM
Palazzo Della Luna

Palazzo Della Luna

UPDATED, April 30, 5:20 p.m.: Mark D. Coe, the founder and CEO of a financial advisory firm, bought a unit at Fisher Island’s Palazzo Della Luna for $6.1 million.

Records show Mark D. Coe, as trustee of the Amendment Number Six and Restatement of Trust Agreement establishing Mark D. Coe Revocable Trust, purchased unit 6832 from PDS Development LLC, the developer.

Coe is the founder and CEO of Chicago-based and employee-owned Intrinsic Edge Capital Management. According to the firm’s website, it managed over $1 billion in assets as of March 31. Coe also founded Coe Capital Management in 1999, according to his Linkedin profile.

Developed by PDS Development, Palazzo Della Luna is a 10-story, 50-unit condo building, built in 2019.

Dora Puig of Luxe Living Realty represented the seller in the deal, and Don Pingaro of Ocean Insiders represented the buyer.

The three bedroom, three-and-a-half bath condo sold for $1,685 per square foot after 333 days on the market, according to condo.com.

Other sales this year on Fisher Island include a former White House adviser purchasing a unit at Palazzo Della Luna for $6.9 million; Michael and Ron Simkins selling a penthouse at Oceanside for $9 million; and the executive chairman of an agricultural sciences company buying a condo at Palazzo Del Sol for $20 million, after selling a different unit in the same building.

Correction: A previous version of this story had an incorrect price for another purchase on Fisher Island.





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