French billionaire’s son sells Oceana Bal Harbour condo for $16M

Jean-Jacques Murray, son of the late French billionaire Jacques Gaston Murray, sold his unit at Oceana Bal Harbour for $16 million in an off-market deal. 

Records show Murray’s Oceana 2001 LLC sold unit 2001 in the oceanfront tower at 10201 Collins Avenue to Ailaglexa LLC, a Delaware entity. The true buyer is unknown.

Ruthie and Ethan Assouline of Douglas Elliman represented both the buyer and the seller, a spokesperson confirmed. They declined to comment on the deal.

Murray’s father, who went by Tony Murray, owned the Andrew Sykes Group, a heating and cooling company, and London Securities, a fire protection firm. Both are based in the United Kingdom. Tony Murray was born in Paris and fled during the Nazi occupation of World War II. He joined the Free French fighters and was became an officer to the Legion of Honour in 1958, according to published reports. He returned to France after the war to take over his father’s business, who was killed at Auschwitz. Murray later relocated to the U.K. and attained British citizenship, and grew his fortune to an estimated $2.8 billion, according to the Times of Israel. He died in 2023. 

Jean-Jacques Murray is now chairman of both Andrew Sykes and London Securities. 

He bought the Oceana Bal Harbour condo for $9.6 million in 2017, records show. The 4,000-square-foot unit has three bedrooms, four bathrooms and one half-bathroom, according to property records. 

Eduardo Costantini’s Buenos Aires-based Consultatio completed the 28-story, 240-unit Oceana Bal Harbour in 2016. The oceanfront tower has two tennis courts, spa facilities, a library, a pool and poolside restaurant, and a Jeff Koons sculpture in the entryway. 

Since its completion, Oceana Bal Harbour has been a magnet for major luxury deals. Last month, two trusts sold a unit in the building for $17.5 million. In June of last year, a Chicago-based entity dropped a record $25 million for a condo in the tower.