Dean Metropoulos, the Greek-American billionaire who saved Twinkies, sold an oceanfront home in Miami Beach’s Altos Del Mar neighborhood for $23.5 million.
Records show Metropoulos’ Miami Breeze LLC, a Delaware entity, sold the house at 7825 Atlantic Way to SKN Beach LLC, a Florida entity managed by attorney Charlie Ratner. The true buyer is unknown.
Jill Hertzberg and Alejandro Diaz Bazan with the Jills Zeder Group at Coldwell Banker Realty had the listing. Stacy Robins with the Stacy Robins Companies brought the buyer. Robins is the daughter of the late Jerry Robins, a prominent Miami Beach developer. She is currently in a legal battle with her siblings regarding her father’s estate.
Metropoulos is the founder of his namesake Metropoulos & Co., an investment firm that specializes in the food and beverage and consumer goods industries. Through his Greenwich, Connecticut-based firm, Metropoulos has invested in Pabst Blue Ribbon, Morton Salt, Chef Boyardee, Ghirardelli Chocolate, Bumble Bee Tuna and Jiffy Pop. In 2013, he partnered with Apollo Global Management to save Hostess from bankruptcy, and keep its iconic Twinkie from extinction. The firms bought Hostess for $186 million, and sold it a few years later for $2.3 billion, according to the New York Times.
Today, Forbes pegs Metropoulos’ net worth at $3.4 billion.
He bought the Altos Del Mar house for $21 million in 2022, according to property records. It was built in 2015 on 0.4 acres, and spans 6,500 square feet, with eight bedrooms, eight bathrooms, one half-bathroom and a pool, records show. It is adjacent to the oceanfront Altos Del Mar house his son Daren Metropoulos bought for $18 million in 2021.
The elder Metropoulos listed his home for $23.9 million in August, Zillow shows.
Records show he has a house homesteaded in Palm Beach that he bought for $7.4 million in 2014. It is close to the historic oceanfront Casa Amado estate, a 3.2-acre compound Daren Metropoulos bought for $148 million last summer. The younger Metropoulos also owns the Playboy Mansion in Los Angeles, which he bought for $100 million in 2016.