Eastdil founder’s widow sells waterfront Allison Island house for $16M

Linda Lambert, the widow of Eastdil Secured founder Ben Lambert, sold her waterfront Miami Beach house for $16 million, three years after buying it for $13 million.

Records show Lambert sold the home at 6445 Allison Road to Miami Residence Trust, with New York-based accountant Bruce Seckendorf signing on behalf of the buyer. The true buyer is unknown. 

Lambert’s son, Oliver Lloyd of Douglas Elliman, had the listing, and Jordan Karp of Jordan Karp LLC brought the buyer. 

Lambert’s husband, the late Ben Lambert, died in 2021. He founded commercial real estate brokerage Eastdil in 1967, and went on to oversee sales of the Irvine Ranch in California, New York City’s General Motors Building and Chicago’s Willis Tower. 

Lambert bought the waterfront Allison Road home in 2021 for $13 million, property records show. Completed that year, the 6,500-square-foot house on 0.4 acres has five bedrooms, seven bathrooms and two half-bathrooms, according to records. The home also has 75 feet of waterfront, a pool and a dock, the listing shows. 

She listed it for $17.5 million in February, Redfin shows. 

Lambert also owns a 3,300-square-foot condo at Ritz-Carlton Residences, Miami Beach that she bought for $5 million in 2022, records show. 

Luxury buyers have flocked to Allison Island in recent years, sending prices soaring for the gated Miami Beach island. In January, French food entrepreneur Paul Bensabat sold his waterfront home for $17 million in an off-market deal. He and his wife, Sandrine Bensabat, bought it for $2.3 million in 2002. In July, former watch retailers Shlomi and Lior Ben-Shmuel sold a waterfront teardown mansion for $17.6 million after buying it for $14.5 million in 2021. 

In February of last year, rapper Lil Wayne sold his waterfront Allison Island mansion for $22.6 million.