Ytech CEO sells Coconut Grove penthouse for $8M

Unit sold for $1,113 psf

Miami /
Jun.June 28, 2021 10:30 AM
The Grovenor House and Yamal Yidios (Compass, Ytech)

The Grovenor House and Yamal Yidios (Compass, Ytech)

Ytech CEO Yamal Yidios and his wife, Vanessa Moorefield, sold their lower penthouse at Grovenor House in Coconut Grove for $7.7 million.

Yidios and Moorefield sold unit 3002 at 2627 South Bayshore Drive to Olia2 Real Property LLC, a Florida corporation that links to Jackson, Wyoming-based Teton Trust Company.

Yidios is CEO of Miami-based real estate investment and development company Ytech. According to its website, Ytech has redeveloped over 7,000 apartments as well as single-family home subdivisions and offices.

In January, Ytech purchased a Brickell development site for $12.2 million. The firm plans to build an 80-story, 183-unit luxury tower.

Records show Yidios and Moorefield bought the 6,920-square-foot condo for $7.6 million in 2016.

It first went on the market asking $8.9 million in 2018. It was most recently listed for $7.8 million in August. The unit sold for $1,113 per square foot.

Lourdes Alatriste of Douglas Elliman represented the sellers, while Isabel Dohse with Compass represented the buyer.

Property records show the condo has four bedrooms and seven-and-a-half bathrooms. The living room has floor-to-ceiling windows with views that overlook the ocean, according to the listing.

In September 2020, Jonathan Kislak, the son of Jay Kislak, bought a penthouse at Grovenor House for $7 million.

This month, a private equity tycoon bought a Coconut Grove estate for $16.9 million, and a former co-president of law firm Greenberg Traurig sold a waterfront home in Coconut Grove for $15.8 million.





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