Jeff Franklin, the creator of the sitcom “Full House,” sold his two remaining waterfront lots in Miami Beach’s Venetian Islands for a loss at $22.5 million.
Records show the former writer and showrunner sold the lot at 1230 South Venetian Way to a Wyoming LLC named for the address for $11 million. The adjacent lot, at 1236 South Venetian Way, sold for $11.5 million in a deal that has yet to appear in property records, according to listing agent Julian Johnston of the Corcoran Group. He also represented the buyers.
The deals close the book on Franklin’s plans to build a sprawling Venetian Islands estate on a 1.2-acre waterfront assemblage he cobbled together in a pair of deals in 2021.
Records show he bought the longtime home of Manuel and Aida Capó, the founders of El Dorado Furniture, for $35.5 million in June of 2021. In July, he bought the adjacent property at 1236 South Venetian Way from developer Dan Kodsi for $13 million, bringing his total spend on the assemblage to $48.5 million.
“He was going to build a big mansion with a tennis court,” Johnston said. But, “life changed.”
He said pandemic delays derailed Franklin’s plans to build, and he later listed the property, asking as much as $65 million for a spec mansion, according to Zillow.
After years on-and-off the market, Johnston advised Franklin to split the lots into 0.3-acre parcels, more in line with the average lot size in the Venetian Islands. Buyers looking for larger lots gravitated to North Bay Road more than South Venetian Way, Johnston said.
“People don’t always want to be the most expensive house on the block,” he said.
After the lots were legally divided, Johnston sold the one at 1224 South Venetian Way to Edmundo Tamayo for $8 million in January of 2025 and the site at 1228 South Venetian Way for $10.3 million to Kevin Flaherty, property records show. With the latest deals, that brings his total sellout of the sites to $40.8 million.
That works out to a loss of at least $7.7 million five years after his purchase.
Records show Franklin’s mailing address as 10066 Cielo Drive, a 3.6-acre compound in Beverly Hills with a 21,000-square-foot mansion, a gym, a spa, a theater and a pool with a lazy river and swim-up bar. The property is infamous as the site of the Manson family murders of Sharon Tate, Jay Sebring, Abigail Folger, Wojciech Frykowski and Steven Parent in 1969. Following the killings, the original home was demolished and the property’s address was changed.
The current mansion was built in 1996. Franklin listed it for $85 million in 2022, and it is currently on the market for $50 million with David Kramer and Andrew Buss of Compass.