Entity linked to agent sells Surf Club Four Seasons condo for $23M
One Sotheby’s Francesca Halpryn manages LLC that sold 4K sf unit
A Florida entity linked to a real estate agent sold a Four Seasons Residences at the Surf Club condo for $22.8 million — marking a $13.5 million, or 145 percent price gain in six years.
Records show Nikki Investment Corporation, managed by Francesca Halpryn, sold unit N-521 in the north building at 9111 Collins Avenue in Surfside to SP Land Trust, with Simon Levin as trustee. The true buyer is unknown.
Halpryn is an agent with One Sotheby’s International Realty, and the wife of investor Glenn Halpryn. Records tie him to a number of Florida corporations active in South Florida over the years.
Francesca Halpryn’s entity bought the Surf Club Four Seasons unit for $9.3 million in 2017, the year the building was completed by Miami-based developer Fort Partners. The 4,000-square-foot condo has four bedrooms, five bathrooms and one-half bathroom, records show.
Led by Fort Partners CEO Nadim Ashi, Surf Club Four Seasons includes a 72-key hotel, two 12-story condo buildings and a private club. The property also includes four swimming pools, two restaurants, a gym and an oceanside garden. It was designed by Pritzker Prize-winning architect Richard Meier of New York and Miami-based Kobi Karp.
In 2012, Fort Partners dropped $116 million on the 9-acre development site that was home to the private beach club founded by tire magnate Harvey Firestone in 1930. The original Surf Club counted Winston Churchill, Frank Sinatra, and Elizabeth Taylor among its guests.
When the redeveloped Surf Club condos were completed in 2017, Ashi claimed Fort Partners had already reached $1 billion in sales in the building. Since its opening, it has attracted a number of high profile buyers.
In May, former creative director for Bottega Veneta, Tomas Maier, and his husband, Andrew Preston, bought a unit for $13 million. In December, retail mogul Michael George sold his condo for $21 million, up from his $8.9 million purchase price in 2018. Last July, a penthouse in the building sold for $29.4 million to an LLC with an East Hampton mailing address.