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Former Telemundo CEO sells waterfront Key Biscayne home for $18M
6,300 sf house on 0.6 acres has 300 ft of waterfront
The former CEO of Telemundo sold a waterfront Key Biscayne home for $18 million.
Records show James and Lana McNamara sold the house at 1095 Mariner Drive to a Florida entity named for the address and managed by Alvaro Castro Mendivil and Maria Alejandra Pinzas Arrospide in Coral Gables.
Claudine Coto of One Sotheby’s International Realty had the listing, and Giulietta Ulloa of Berkshire Hathaway HomeServices EWM Realty brought the buyer.
James McNamara was president and CEO of the Spanish language broadcast network from 1999 to 2005, according to LinkedIn. Since leaving Telemundo, he has founded and chaired Panamax Films and Pantelion Films, Latino-focused production and distribution firms. He is also vice chairman of Hemisphere Media Group, a Coral Gables-based Spanish-language media company.
He and his wife bought the Mariner Drive home in 2004 for $5.6 million, records show. Built in 1997 on 0.6 acres, the house spans 6,300 square feet, with seven bedrooms, six bathrooms, one half-bathroom, a pool and a dock with capacity for a 100-foot boat, according to records and the listing. The property, a corner lot, has 300 feet of waterfront.
The couple listed it for $22.5 million in November, Redfin shows. It sold for $4.5 million below the asking price.
Other recent deals in Key Biscayne include a waterfront teardown that sold for $16.5 million last month. The seller was Dr. Maurice Ferré Jr., son of the late former mayor of Miami, Maurice A. Ferré.
In February an entity linked to Paul DeStefanis, the head of Miami-based accounting firm Advanced Business Valuations, sold a waterfront home for $24.5 million. Gibran Chapur, a scion of one of Mexico’s wealthiest families, flipped a waterfront Key Biscayne house for $10.5 million in December.