Blumberg Capital founder buys waterfront Golden Beach home for $11M

Another financier is planting roots in South Florida. The founder of early-stage venture capital firm Blumberg Capital paid $11 million for a waterfront Golden Beach mansion.

David J. Blumberg bought the house at 415 Center Island Drive from Christian Taratuta and Veronica Sarabia, records show.

Taratuta is the founder and CEO of IMS Internet Media Services, a digital communications and marketing company based in Miami, according to its website. The company also has offices in Argentina, Brazil, Chile, Colombia Mexico, Ecuador, Italy, Panama, Peru, Spain and Uruguay.

Blumberg founded San Francisco-based Blumberg Capital in the early 1990s, according to its website. Before founding the firm, he managed international investments at the Bronfman Family Office, Adler & Co, APAX Partners and at T. Rowe Price.

Taratuta and Sarabia purchased the waterfront property in 2011 for $2.2 million, records show. The married couple demolished a home on the site and filed to build a new house the same year. It was finished in 2015.

Property records show the two-story home has five bedrooms and six-and-a-half bathrooms. The 7,257-square-foot house is on a 16,500-square-foot lot with 100 feet of Intracoastal Waterway frontage, according to the listing.

Other recent waterfront sales in Golden Beach include the founder of a healthcare company buying a waterfront teardown for $7.5 million, billionaire Phillip T. Ragon buying an oceanfront house for $20 million, and a mortgage chief buying a waterfront home for $14.1 million.