Nick Maounis Adds $32 Million Lot to Miami Beach Compound

Hedge fund manager Nick Maounis paid $31.5 million for his neighboring property on La Gorce Island, The Real Deal has learned.

Dennery LLC sold the 5,400-square-foot, four-bedroom, five-and-a-half-bathroom house at 84 La Gorce Circle in Miami Beach, according to property records and the listing. The deal closed on Thursday.

STRE Management, the seller’s representative, said in a statement to TRD that the sale was “effectively a land play” that achieved “one of the highest price-per-square-foot figures in Miami-Dade history” for land. The property traded for $1,575 per square foot. Another house on the street, at 68 La Gorce Circle, sold for $1,713 per foot in August.

The half-acre property was on the market with Jonathan Alfonso of EXP Realty, asking $39 million. Maxwell E Realty’s Ryan Mendell represented the buyer, according to the listing. Alfonso and Mendell declined to comment on the buyer’s identity.

The property last sold in 1982 for $500,000.

Maounis and his wife, Susan, paid $75 million for the home next door in May of last year, which they planned to gut-renovate. The 21,700-square-foot, nine-bedroom mansion at 88 La Gorce Circle sits on a 1-acre property. It was built in 2008 by Todd Michael Glaser.

The two La Gorce Island properties total 1.6 acres and $106.5 million spent, amounting to $66.6 million per acre.

Maounis founded Amaranth Advisors hedge fund, which collapsed in 2006 after losing more than $6 billion on natural gas futures. He’s now CEO of Greenwich, Connecticut-based Verition Fund Management, which managed $14.4 billion at the start of this year, Bloomberg reported.

Maounis and his wife also own a waterfront estate on Pine Tree Drive in Miami Beach. They paid $26 million for the property in 2022, records show. David and Leila Centner, owners of the Centner Academy, sold the mansion to the Maounises.

The market for high-end waterfront homes is strong, in part fueled by a wave of wealthy California buyers relocating to Florida. Land sales are also starting to pick up, brokers say.

Earlier this month, Mark Zuckerberg and his wife, Priscilla Chan, closed on their purchase of an Indian Creek mansion for a record $170 million. The property is under construction.