Music mogul buys British financier’s waterfront Aventura home for $10M
Buyer P Thomas’ label reps Migos, Lil Baby and Lil Yachty
A British financier sold his waterfront home in Aventura’s Island Estates for $10.1 million to an Atlanta-based music executive.
Records show Simon and Rhona Conway sold their house at 3907 Island Estates Drive to LCT Legend LLC, a Delaware entity that listed a mailing address in Alpharetta, Georgia. Sources confirmed the true buyer is Pierre Thomas, CEO and president of Quality Control Music.
Thomas, who goes by “P,” co-founded the record label Quality Control Music in Atlanta with Kevin “Coach” Lee in 2013, the company’s website shows. Quality Control’s roster of artists currently includes Migos, Lil Baby, Lil Yachty, and Miami-based duo City Girls.
Chad Carroll of the Carroll Group with Compass had the listing, and Jason Samuels of Coldwell Banker Realty brought the buyer.
Simon Conway is a British financier. U.K. records link him to a number of investment portfolios, including Brett Palos Investments and Matterhorn Capital Limited, registered to the London address he listed on the deed in this deal.
The Conways bought the 0.3-acre Island Estates home for $3.9 million in 2008, records show. Built in 2005, the 7,000-square-foot, six-bedroom, five-bathroom house includes a movie theater and a pool, the listing shows.
Island Estates is a gated community in Aventura. Owners are given access to amenities at the nearby 160-unit Privé, which include tennis courts, a private beach, a gym and a restaurant, the listing shows.
The Conways first listed the home for $6.9 million in 2020, Realtor.com shows. They pulled it from the Multiple Listing Service, and re-listed the house for $12.3 million in December. They dropped the asking price to $11 million in January.
Thomas’ purchase is a near-record for Island Estates, but does not beat the price record set by a Lennar executive in May of last year. Eric Feder, president of Lennar’s venture capital arm, sold his waterfront Island Estates house for $11.9 million, making it the priciest sale in the neighborhood.
A luxury car dealer flipped a waterfront Island Estates home for $8.7 million in October, a 40-plus percent gain in the year he owned it. A couple who fought the development of Privé sold their home for $8.8 million in December 2021.