Mystery Buyer Spends $53 Million on Golden Beach Sites

A secret buyer spent $52.6 million to acquire a waterfront home and the lot next door in Golden Beach, marking one of the largest residential sales to close in the town.

The undisclosed buyer paid $32.5 million for the beachfront mansion at 387 Ocean Boulevard, and $22.3 million for the development site at 395 Ocean Boulevard, according to listings websites. The land totals 1.4 acres with 225 feet of ocean frontage.

Douglas Elliman’s Dina Goldentayer represented the buyer, according to her social media. She declined to comment.

Property records show Ocean Blvd Golden LLC, a Delaware entity, sold the 11,600-square-foot home, which includes a pool and cabana, a gym, home theater, catering kitchen and a separate guest house.

It was on the market with Lydia Eskenazi and Jonathan Bigelman with BE Luxury Group at One Sotheby’s International Realty, who declined to comment. The home previously traded in 2019 for $19 million, which is 41.5 percent less than the recent sale.

The undeveloped property was listed with Jon Mann, of the Jills Zeder Group at Coldwell Banker. It previously sold in 2021 for nearly $10 million, or 55 percent less than the recent sale. A trust managed by Barry Somerstein sold the property in this latest trade.

Plans designed by SAOTA were approved for the lot, Mann said.

He’s seeing wealth migrate north from Miami Beach, as well as buyers from the northeast and California, the latter driven by the proposed wealth tax. Mann is co-listing the oceanfront property at 355 Ocean Boulevard with the Jills Zeder Group’s Danny and Jill Hertzberg, which is the priciest listing in Golden Beach at $89 million.

In 2022, software billionaire Phillip Ragon paid more than $90 million for three adjacent properties on Ocean Boulevard. And a number of other assemblages are in the works. “Golden Beach is having its moment,” Mann said. “In the next five years, we’ll probably see five homes with a market value of over $100 million.”