Resi roundup: CEOs, construction moguls and financiers buy and sell across South Florida


The season is starting in South Florida, and luxury real estate deals are closing across the tri-county region.

The latest roundup of residential sales spanned Sunny Isles Beach to Palm Beach, and ranged in price from $7.1 million to $12 million. 

Sunny Isles Beach

Two sales closed at Estates at Acqualina, the luxury condo development at 17901 Collins Avenue in Sunny Isles Beach that the Trump Group (no relation to the former president) completed earlier this year. Estates at Acqualina includes the 49-story, 154-unit south tower and the 52-story, 94-unit north tower. The condos also have a 45,000-square-foot amenities space with a movie theater, bowling alley and ice skating rink. 

Manolis Kotzabasakis and his wife, Marianna Kotzabasakis, bought unit N-2301 in the north tower from the developer for $11.9 million, records show. Manolis Kotzabasakis is CEO of CentralSquare Technologies, a public sector tech firm. It sells software that manages 911 calls, criminal records and evidence, and development processes.

Also in the north tower, construction boss Michael Petillo flipped his condo for $12 million, after buying it for $7.7 million in May. Petillo sold unit N-2001 to an LLC named for the address and managed by Surinamese entrepreneur Otmar Sibilo, records show. 

Yansy Checa of Acqualina Realty had the listing, and Leonore Aguirre-Sibilo and George Khoury of GK Realty Group brought the buyers. 

The condo has five bedrooms, six bathrooms and one half-bathroom, and sold furnished, the listing shows. Petillo, the founder of his namesake construction company based in Flanders, New Jersey, bought a condo at Four Seasons Residences at the Surf Club for $18.5 million in August. 

Palm Beach

In Palm Beach, Ross Meltzer, the son of late Long Island real estate developer Irving Meltzer, sold his home for $9.2 million. Records show Meltzer sold the house at 209 Bermuda Lane to an LLC named for the address. The true buyer is unknown.

Margit Brandt of Premier Estate Properties had the listing, and Beth Cole of the Corcoran Group brought the buyer.

Meltzer bought the Bermuda Lane home in Palm Beach’s North End for $2.5 million in 2013. Built in 1952 on a quarter-acre, the three-bedroom, three-bathroom house spans 2,800 square feet and has a pool, records show. 

Meltzer listed the home for $10 million in October, Redfin shows. 

Also in Palm Beach, Adrian Tauro, an investment adviser at ScotiaMcLeod in Toronto, sold his house in an off-market deal for $7.1 million. Tauro sold the home at 221 Oleander Avenue to a company named for the address and managed by Orestis Vlisidis in Athens, Greece, records show. Tauro provided the buyer a $2 million mortgage to finance the deal, according to property records. 

Tauro bought the Oleander Avenue home for $6.3 million in January of last year, records show. The 2,600-square-foot house was built in 2018 on 0.1 acres, and includes four bedrooms and four bathrooms, property records show. 

The post Resi roundup: CEOs, construction moguls and financiers buy and sell across South Florida appeared first on The Real Deal.

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