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Bausch + Lomb boss Brent Saunders buys Cher’s former Miami Beach mansion for $35M
Canadian retail scion James Eaton sold the 12,450 sf home he bought in 2020 for $17M
Bausch + Lomb CEO Brent Saunders and his wife, model Daniela Botero Correa, dropped $35.4 million on the Goddess of Pop’s one-time Miami Beach mansion.
Saunders and Botero Correa bought Cher’s former home at 64 La Gorce Circle from James and Cecily Eaton, the Wall Street Journal reported. Dina Goldentayer of Douglas Elliman had the listing, and Raissa Enis, also with Douglas Elliman, brought the buyers.
Saunders heads Laval, Canada-based Bausch + Lomb, one of the world’s largest suppliers of contact lenses. He previously led Allergan, the maker of Botox. He has also sat on the boards of Cisco, Roam and BeautyHealth.
James Eaton is a financier and a scion of the Eaton family in Canada. They founded the department store Eaton’s, and at the height of their wealth were compared to the Kennedy family and dubbed “Canadian royalty.” Journalist Rod McQueen chronicled the aftermath of the department store empire collapsing in his book, “The Eatons: The Rise and Fall of Canada’s Royal Family.”
James and Cecily Eaton bought the La Gorce Island home for $17 million in 2020, records show. Built in 1953 on nearly 0.7-acres, the 12,450-square-foot mansion includes six bedrooms, six bathrooms and one half-bathroom, according to records. The estate spans 158 feet of waterfront. The home has a fitness studio, a cold plunge and spa.
The Eatons spent two years renovating the mansion that Cher lived in from 1993 to 1996, The Real Deal previously reported. They listed the estate for $42.5 million in August, and closed for $7.1 million below the asking price.
La Gorce Island is a gated enclave popular among luxury buyers in Miami Beach. Agents say the island’s 24-hour security patrol is an increasingly in-demand service, as more and more buyers seek privacy and security in their South Florida home searches.
In October, scions of a Miami Beach hospitality family sold their late mother’s waterfront La Gorce Island home to spec developers for $19.5 million.
Last year, the Jills Zeder Group landed a listing for the late Dr. M. Lee Pearce’s nearly 3-acre waterfront compound at 18 La Gorce Circle, with an asking price of $170 million. Redfin shows the three-home La Gorce Island estate was delisted in June.