A longtime executive at Anheuser-Busch may have satisfied his thirst for a waterfront home with the $12 million purchase of a house in Bay Harbor Islands.
Fued Sadala and his wife, Silvana Sadala, acquired the eight-bedroom, 7,098-square-foot home at 9814 West Broadview Drive, according to a source. The purchase marks a record price for waterfront sales in the two-island town.
Fued Sadala worked with Anheuser-Busch Inbev and Ambev for 23 years in senior leadership roles in South America, North America and Europe, according to his bio. Nearly four years ago he co-founded Dreampact Ventures, a New York, Miami and St. Louis-based private equity and venture capital firm. He is principal of the firm.
Orsan Properties, led by Matty Oren and Yaniv Sananes, sold the 0.3-acre property. Oren is president of Oren Development Group in North Miami Beach, according to his LinkedIn.
The Sadalas’ new home was gut-renovated and features a pool and spa, new seawall and new 60-foot dock. It was built in 2002 and last sold in 2018 for $4 million.
Devin Kay of Douglas Elliman represented the seller, according to Realtor.com. Leandro Ferreira and Camila Schuback of REall Realty represented the buyer.
The house was on the market for $12.5 million. It features a home office and a master suite with a lounge/sitting room, bathroom with a steam shower and double walk-in closets.
The previous record in Bay Harbor Islands was the $11.5 million sale in December of the waterfront spec mansion at 9540 West Broadview Drive.
Last year, the former chairman and CEO of Moët Hennessy sold his Bay Harbor Islands waterfront home for $8.1 million.
A number of projects are in the works or were recently completed in Bay Harbor Islands.
In June, Terra paid $31.5 million for a mixed-use development site at 1177 Kane Concourse, which is approved for 90 residential units, 98,800 square feet of offices, and 14,900 square feet of commercial space.