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Billionaire Dan Loeb Flipping Miami Beach Home Lot therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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. ....