Brazilian education boss sells Oceana Key Biscayne villa
Evando J. Neiva first listed the 5K sf townhome for $11M in August
The founder and chairman of one of Brazil’s largest private education companies sold his Oceana Key Biscayne villa for $10 million.
Records show Triplicate Resources US LLC, a Florida entity, sold the townhouse at 112 Reef Lane in Key Biscayne to RG Real Estate FL Corp, another Florida entity. Triplicate Resources is registered to Evando J. Neiva and Laura Neiva.
Bruno Junqueira, a retired Formula One driver and agent with Coldwell Banker Realty, had the listing. Cristian Black of Berkshire Hathaway HomeServices EWM Realty brought the buyer.
Junqueira identified the buyers as a Guatemalan family with young children.
Evando J. Neiva is a founder and chairman of Cogna Educação, a private education company in Brazil that serves 2.4 million students, according to its website. He started the company in 1966 as Pitágoras, eventually renaming it Kroton, which became Cogna in 2019.
Records show the Neivas bought the 5,000-square-foot townhouse for $5.4 million in 2014. They immediately undertook an extensive renovation, expanding bedrooms and bathrooms, and adding an elevator, Junqueira said. The townhome now has five bedrooms, five bathrooms and one half-bathroom, he confirmed.
The Neivas first listed the villa for $11 million in August, and sold it for $1 million under their first asking price.
The 0.3-acre property is a part of the Oceana Key Biscayne condominium complex at 350 Ocean Drive, built in 2014 by Argentina-based developer Eduardo Costantini’s Consultatio. The property includes two condo towers with 154 units, and 12 villas. Amenities at Oceana include a private beach, movie theater, gym, spa, putting green and tennis courts, according to its website.
Oceana sold out for $550 million the year it was completed.
In June, a unit in one of the towers sold for $9 million.
Key Biscayne is a hot market for Central and South American buyers, Junqueira said. The last four deals he did in the area were with buyers from the region. “People want to have a safe haven in Miami, in Key Biscayne,” he said, adding that many Central and South American buyers are parents in their late 30s and early 40s.