Former Bubble Wrap boss Jerome Peribere and his wife, interior designer Isabelle Peribere, sold their waterfront Venetian Islands home in Miami for $17.4 million. The sale marks another example of a price drop leading to a closing as the season winds down.
Records show the Periberes sold the house at 1378 South Venetian Way to financier Dino Verbrugge. Dina Goldentayer of Douglas Elliman represented both the buyer and the seller in the deal.
Verbrugge is a co-founder of DV Trading, a Chicago-based proprietary trading firm. It specializes in investing in oil and gas products and cryptocurrency, according to its website.
Peribere is the retired CEO of Sealed Air Corporation, the packaging company that makes Bubble Wrap. He stepped down in 2017 after a five year run at the helm of the company, according to LinkedIn. Prior to that he had been an executive at Dow Chemical. He is currently on the board of directors for the chemical company Ashland. His wife heads her interior design firm, L’Atelier Isabelle Peribere, which launched in 2014 and is based in Miami Beach.
The couple bought their quarter-acre Venetian Islands property for $1.9 million in 2011, records show. They built the 6,600-square-foot house in 2014. It has five bedrooms, four bathrooms, one half-bathroom, and a pool, according to public records.
They listed it for $23.5 million in February of 2023, Compass shows. The price was reduced three times until it was listed for $19 million earlier this year.
Price cuts have spurred a flurry of dealmaking in South Florida’s residential market in recent weeks, including on the Venetian Islands. Earlier this month, James Curnin’s Clara Homes sold an unfinished Venetian Islands waterfront spec house for $23.1 million. In April, British investor Kevin Flaherty sold a completed waterfront spec house for $23.9 million. In March, “PayPal Mafia” member David Sacks was linked to the sale of a waterfront house for $22.5 million.