Going bare: European Wax Center co-founder sells Fisher Island condo for $16M

Josh and Jenni Coba own another Fisher Island unit they bought for $16.5M in June

Joshua and Jenni Coba with the Oceanside at Fisher Island at 7600 Fisher Island Drive (Getty, LoopNet)
Joshua and Jenni Coba with the Oceanside at Fisher Island at 7600 Fisher Island Drive (Getty, LoopNet)

The co-founder of European Wax Center — who listed his Estates at Acqualina penthouse for $85 million in November — sold a Fisher Island condo for $16.2 million.

Records show Josh and Jenni Coba sold unit 7611 in Oceanside at Fisher Island at 7600 Fisher Island Drive in Miami Beach, to a Delaware LLC named for the address. The true buyer is unknown.

Archie Drury of Douglas Elliman had the listing, and Jill Eber of the Jills Zeder Group at Coldwell Banker brought the buyer.

Josh Coba is the co-founder of European Wax Center, the waxing franchise company headquartered in Plano, Texas. Coba retired from his role at the company in 2017, and European Wax Center went public in May 2021, according to published reports.

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The Cobas have been active investors in South Florida’s luxury residential market in recent years, particularly with luxury condos. In 2018, the couple entered into contract to purchase a penthouse in the Trump Group’s Estates at Acqualina condo development in Sunny Isles Beach. The Cobas are looking to reassign the contract for their unit, dubbed “Casa di Coba” according to the development’s website, for $85 million.

The Cobas also own two other Fisher Island properties, records show. They bought a unit in Bayview at Fisher Island for $16.5 million in June, and a condo at Seaside Villas on Fisher Island for $702,000 in February.

Records show they bought the Oceanside condo for $8.5 million in 2021. The nearly 4,900-square-foot unit spans four bedrooms, five bathrooms, and one half-bathroom, according to property records. 

A private island just off the coast of Miami Beach, Fisher Island is one of the most expensive ZIP codes in the country. It is only accessible by boat, ferry or helicopter, and frequently attracts high-profile buyers.

A Texas-based fast food franchisee bought a condo on the island for $18.5 million in February. The CEO of Sempra, an energy company headquartered in San Diego, bought a unit for $11.2 million in October. A top executive at Berkshire Hathaway bought a Fisher Island condo for $15 million in April. 

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