Grupo Marquise co-founder sells waterfront Miami Beach mansion for $27M

Nearly 11K sf home was asking $28M

Miami /
Jul.July 27, 2021 05:31 PM

Brazilian businessman Jose Carlos Pontes sold his waterfront Hibiscus Island mansion for $26.5 million.

A trust managed by Ruddman Clarke Davis purchased the property at 370 South Hibiscus Drive in Miami Beach, records show. It financed the deal with a $15.9 million loan from J.P. Morgan.

Pontes co-founded Grupo Marquise, a Brazilian conglomerate involved in construction, hospitality, retail and infrastructure, according to its website and published reports.

Top Bridge LLC, led by Pontes and managed by Denise Marinho De Andrade, had the five-bedroom, five-and-a-half-bathroom home on the market for nearly $28 million. The 10,754-square-foot mansion was designed by architect Reinaldo Borges.

Mariana Niro with Douglas Elliman was the listing agent, and Liz Hogan of Compass represented the buyer.

The home, with two heated pools, a cabana, outdoor kitchen and bar, sits on a nearly half-acre lot with 122 feet of water frontage. Raymond Jungles designed the landscaping.

Property records show the land last sold for $2.5 million in 2009. The mansion was built in 2016.

Luxury home sales in Miami Beach and other waterfront cities have soared in recent months.

In May, mortgage magnate Ronald Leonhardt Jr. flipped two next-door waterfront properties on Hibiscus Island for a combined $27 million, after buying them earlier in the year for $19.8 million.

Also on Hibiscus Island this year, Miami Heat player Victor Oladipo bought a spec home for $7.8 million, marking a record for non-waterfront homes. And jewelry designer Paul Morelli purchased a waterfront mansion for $17.5 million.






    Related Articles

    arrow_forward_ios
    Ex-Miami Dolphins defensive end Andre Branch with the $6 million property (Getty, The Jills Zeder Group)
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    Ex-Miami Dolphins player sells non-waterfront Miami Beach home for $6M
    9408 Bay Drive
    Waterfront Surfside home that set record in January flips for 20% gain
    Waterfront Surfside home that set record in January flips for 20% gain
    Renderings of 3017 Flamingo Drive and Andrew Lessman (D/Vice Inc., ProCaps Laboratories)
    Vitamin mogul Andrew Lessman wins approval to build Miami Beach mansion
    Vitamin mogul Andrew Lessman wins approval to build Miami Beach mansion
    After the construction of Eighty Seven Park (Google Maps)
    Before Surfside tragedy, neighboring tower faced opposition, delays over construction impact
    Before Surfside tragedy, neighboring tower faced opposition, delays over construction impact
    AIMCO founder Terry Considine and a rendering of the Grand Flamingo tower
    Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
    Miami Beach board rejects Aimco’s proposal for Grand Flamingo tower
    Jorge and Darlene Pérez with the home (Compass, Getty)
    Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
    Billionaire developer Jorge Pérez sells Coconut Grove mansion for $33M, donates proceeds
    Bar Invest Group CEO Jacques Barbera and MV Group USA CEO Manny Varas with 440 Costanera Road (Bar Invest Group, MV Group USA)
    Builder sells his Cocoplum home to Bar Invest CEO for $16M
    Builder sells his Cocoplum home to Bar Invest CEO for $16M
    John Ruiz with 530 Arvida Parkway (LPG for One Sotheby’s International Realty, John Ruiz)
    Fresh off Lionheart SPAC merger, John Ruiz drops $25M on Gables Estates mansion
    Fresh off Lionheart SPAC merger, John Ruiz drops $25M on Gables Estates mansion
    arrow_forward_ios

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

    Loading...