Multifamily real estate honchos buy second Fisher Island condo for $7M

Buyers own a unit next door

Miami /
May.May 17, 2021 06:00 PM
William Patrick McDowell, Camille Roxanne McDowell and Palazzo Del Sol. (Getty, Palazzo Del Sol)

William Patrick McDowell, Camille Roxanne McDowell and Palazzo Del Sol. (Getty, Palazzo Del Sol)

The head of a multifamily real estate firm and his executive wife spent $7 million on a condo at Palazzo Del Sol on Fisher Island, next door to a unit they purchased in 2017.

Records show William Patrick McDowell and Camille Roxanne McDowell bought unit 7072 from the developer.

W. Patrick McDowell is chairman and CEO of Dallas-based McDowell Properties, and Camille McDowell is the director of asset design, according to the firm’s website. W. Patrick McDowell founded the firm in 2004. McDowell Properties has acquired over $2.5 billion in real estate assets since 2004.

The McDowells purchased unit 7071, a corner unit, at Palazzo Del Sol for $7 million in 2017.

Property records show the recently sold, 3,581-square-foot condo has three bedrooms and three-and-a-half bathrooms. The unit sold for $1,955 per square foot after 933 days on the market, according to condo.com. Dora Puig of Luxe Living Realty represented both sides of the deal.

Palazzo Del Sol is a 10-story, 46-unit condo building developed by the Heinrich von Hanau-led PDS Development in 2016. It was designed by Kobi Karp.

Fisher Island ranks as the wealthiest zip code in the country, and has been home to many celebrities in the past. In February, tennis champ Caroline Wozniacki sold her unit for $16.3 million, and a condo once owned by Oprah Winfrey sold last year for $20 million.





    Related Articles

    arrow_forward_ios
    An aerial of the parking lot at 125, 137, 141 and 151 Collins Avenue and Story nightclub at 136 Collins Avenue (Google Maps, Getty)
    South Beach parking lot ripe for development sells for $20M
    South Beach parking lot ripe for development sells for $20M
    Todd Michael Glaser and Nelson Gonzalez with 31 La Gorce Circle (Sonya Revell, Nelson Gonzalez)
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    IMC Equity Group ceo Yoram Izhak and the property at the closed Johnson & Wales University campus in North Miami with the other properties set to be redeveloped (Google Maps, IMC Equity Group, Getty)
    Inside IMC’s Johnson & Wales campus redevelopment plan
    Inside IMC’s Johnson & Wales campus redevelopment plan
    Trinsic Residential Group's Brian Tusa with 16955-17071 West Dixie Highway (Google Maps, Trinsic Residential)
    Trinsic nabs $99M loan to build North Miami Beach rentals
    Trinsic nabs $99M loan to build North Miami Beach rentals
    A rendering of BH Group’s planned project at 2261 Northeast 164th (Cohen Freedman Encinosa & Associates, Getty)
    BH plans 30-story North Miami Beach rental tower
    BH plans 30-story North Miami Beach rental tower
    Edition Residences unit 901 (Abraham Henandez)
    Edition in Miami Beach tops Miami-Dade’s weekly condo sales
    Edition in Miami Beach tops Miami-Dade’s weekly condo sales
    The Estate Companies’ principal Jeffrey Ardizon and managing principal Robert Suris along with a rendering of Soleste on the Bay (Form Group, The Estate Companies, Getty Images)
    Estate proposes 360-unit North Miami Beach rental tower
    Estate proposes 360-unit North Miami Beach rental tower
    A photo illustration of Icon on 8's planned short-term rental hotel along with the current site at 930-950 Southwest 8th Street in Little Havana (Getty Images, Icon on 8, Google Maps)
    LA developer plans Little Havana short-term rental hotel
    LA developer plans Little Havana short-term rental hotel
    arrow_forward_ios

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

    Loading...