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Billionaire Dan Loeb Flipping Miami Beach Home Lot

Billionaire Dan Loeb Flipping Miami Beach Home Lot
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Dan Loeb Buys Second Waterfront Miami Beach Property

The buying frenzy continues on Miami Beach’s North Bay Road, with billionaire hedge fund manager Dan Loeb closing on a waterfront teardown for $12 million, The Real Deal has learned.
Loeb, founder and CEO of Third Point, a New York-based hedge fund, also recently paid $20 million for a waterfront spec mansion farther north on the high-end street.
Sources told TRD that Loeb is behind the Delaware entity that closed on 2220 North Bay Road for $12 million. Property records show Sharon Pizzorni sold the five-bedroom, six-bathroom home to Bindery Holdings LLC. It was built in 1937 and includes a pool.
The 4,910-square-foot house, which sits on a nearly 25,000-square-foot lot, last sold in 1999 for $1.6 million, records show. ....

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