Alleged Fraudster Trevor L. Taylor’s Pinecrest Mansion Sells

A lavish Pinecrest mansion owned by a former financial portfolio manager who pleaded guilty to securities fraud and related charges is in contract to sell to a new owner.

The pending sale is one of 15 contracts signed between Sept. 1 and Sept. 7, according to the latest Eklund-Gomes report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade County that are included in the Multiple Listing Service. The properties spent 108 days on the market, on average.

Fifty-three luxury listings were added to the market, for a total of 1,100 listings.

The previous week, buyers signed contracts for 16 properties in Miami-Dade, asking a combined $195 million.

The asking dollar volume for the 12 single-family homes and three condos under contract last week totals $132.7 million, according to the report, which is authored by the Douglas Elliman team led by Fredrik Eklund and John Gomes.

The single-family homes that entered into contract last week have an average asking price of $9.5 million and spent an average of 72 days on the market. They total $114.2 million in asking dollar volume.

The priciest home to secure a buyer last week is the 20,182-square-foot mansion at 6555 Southwest 102nd Street in Pinecrest. The 10-bedroom, 10-and-a-half-bathroom home, on a 2-acre lot, is on the market for $21.8 million. Julian Johnston of the Corcoran Group has the listing. Property records show Trevor L. Taylor owns the home.

In 2022, Taylor was charged with conspiracy to commit securities fraud, investment adviser fraud and wire fraud; a separate securities fraud charge, and a separate investment adviser fraud charge. The Securities and Exchange Commission alleged that Taylor, two other former senior portfolio managers at Allianz Global Investors US, and Allianz were involved in a massive investment fraud. The scheme resulted in the loss of billions of dollars that included pension funds for teachers, clergy, bus drivers, engineers and other working professionals, according to the complaint. Taylor pleaded guilty. He reached an agreement with the SEC that bars him from the securities industry and from the brokering or sales/purchases of penny stocks.

Taylor’s property in Pinecrest, built in 2022, includes a pool deck, spa, cold plunge, a separate 1,000-square-foot gym, a tennis court and more, according to the listing. Taylor and his ex-wife paid $3.2 million for the property in 2017.

The condos that secured buyers last week have an average asking price of $6.2 million and spent 251 days on the market, on average. They total $18.5 million in asking dollar volume, or an average of $1,798 per square foot.

The most expensive condo to enter into contract is the 4,247-square-foot condo at Estates at Acqualina, at 17975 Collins Avenue in Sunny Isles Beach. The four-bedroom, six-and-a-half-bathroom condo, unit 601 in the north tower, is on the market with Dezer Platinum Realty’s Anna Zhukovich. It’s asking $7.7 million. It previously sold for $6.8 million in 2023.

Last week in New York, buyers signed contracts for 15 homes, according to the latest Olshan report. Their combined asking price is $130.1 million, and the typical home spent 584 days on the market.