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

Seller built the house in 2015

Miami /
Jun.June 14, 2021 12:30 PM
David J. Blumberg and 415 Center Island Drive (Google Maps, Blumberg Capital)

David J. Blumberg and 415 Center Island Drive (Google Maps, Blumberg Capital)

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.






    Related Articles

    arrow_forward_ios
    (Pacheco-Martinez & Associates)
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    $65M sale of waterfront Coconut Grove spec mansion sets new record in Miami-Dade: sources
    DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
    Grupo Marquise’s Jose Carlos Pontes with the property (Compass, Facebook via Grupo Marquise)
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M
    The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)
    Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
    Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
    The Florida State Board of architecture’s order to suspend William Friedman for six months
    Architect who designed the collapsed Surfside condo was previously suspended after toppling of other structures
    Architect who designed the collapsed Surfside condo was previously suspended after toppling of other structures
    Inventory for single-family homes and condos fell, indicating a seller’s market (Getty)
    South Florida residential sales soar to $8B in June, led by luxury buys
    South Florida residential sales soar to $8B in June, led by luxury buys
    Black Lion CEO Robert Rivani with SLS Lux Brickell (LinkedIn via Rivani, Facebook via SLS Lux Brickell)
    Black Lion buys SLS Lux Brickell retail condo for $14M
    Black Lion buys SLS Lux Brickell retail condo for $14M
    Apollo Global Management’s Josh Harris and Softbank CEO Marcelo Claure with the property (Getty)
    SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
    SoftBank’s Marcelo Claure sells Miami Beach mansion to Apollo co-founder for $32M
    arrow_forward_ios

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

    Loading...