Imprisoned developer’s Bal Harbour mansion sells for $4M

Ronald Finvarb
Ronald Finvarb

The Bal Harbour mansion of imprisoned developer Leon Cohen-Levy has been scooped up for just over $4 million by a South Florida real estate executive.

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The two-story Mediterranean style house was purchased on Nov. 24 by Finvarb Group principal Ronald Finvarb. The house, located at 268 Park Drive, was in the possession of a court-appointed trustee, according to published reports. Cohen-Levy and his father Mauricio Cohen Assor were sentenced to 10 years in federal prison in 2011 for tax fraud.

The 7,125-square-foot home features seven bedrooms and eight-and-a-half bathrooms, according to the Daily Business Review. In November, a Miami property belonging to the Cohens was sold for $80 million. [Daily Business Review] — Chris Guanche