Developer and investor Yoram Izhak sold his waterfront mansion in Bal Harbour to a member of the billionaire Arison family for $23 million.
Izhak, CEO of North Miami-based IMC Equity Group, sold the six-bedroom, six-and-a-half bathroom home at 230 Bal Bay Drive to David Arison, property records show. Arison is vice president of global relations at Arison Investments and The Ted Arison Family Foundation.
The 8,514-square-foot house was built in 2007. Izhak paid $3 million for the 0.4-acre property in 2003. It includes a pool, dock and gazebo.
Izhak had his mansion on the market with top agents Joel Lusky of The Brokerage South Florida and Isaac Lustgarten, who is with the Side-backed brokerage Official. It was asking $27.5 million, according to an earlier version of Official’s website. Lustgarten represented the buyer.
David Arison is the son of Shari Arison, whose father Ted Arison co-founded Norwegian Cruise Lines and founded what is now called Carnival Corporation. She founded the Ted Arison Family Foundation. Her brother is Micky Arison, chairman of Carnival and owner of the Miami Heat. He is worth about $8.4 billion, according to Forbes.
Two years ago, Shari Arison sold her waterfront estate at 276 Bal Bay Drive in Bal Harbour for $41.5 million. That deal was brokered by former top broker Oren Alexander, who co-founded Official and worked closely with Lustgarten until June, when Alexander stepped away from the firm after rape allegations against him were widely reported.
Oren was previously co-listing the property that David Arison purchased.
Other prominent residents in Bal Harbour include former WeWork CEO Adam Neumann. A land trust connected to the billionaire and his wife, Rebekah, paid $43 million for two adjacent waterfront properties in the summer of 2021.
Other members of the Arison family have bought and sold real estate in South Florida in recent years.
In 2020, the family sold Hamilton on the Bay, a large waterfront apartment building in Edgewater, to investor Aimco. The property, which included additional land, sold for $89.6 million. Aimco is now looking to sell the Hamilton and other properties it owns in South Florida.
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