Christo Georgiev Acquires Miami Beach Single Family Home For $22.5M

The single-family property located at 100 West San Marino Drive in Miami Beach was sold in a closed transaction. The property spans 5,165 square feet and was sold for $22.5 million, equating to a price per square foot of $4,356. The seller of the property, Craft Ventures represented by David Sacks, sold the home to the buyer, Hela Properties represented by Christo Georgiev. The seller's representative in the deal was Dina Goldentayer from Douglas Elliman, while the buyer's representative was Cris Soares from Brown Harris Stevens.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $22,500,000
• Address: 100 West San Marino Drive
• Market: Miami Beach
• Square Footage: 5,165
• Seller: David Sacks - Craft Ventures
• Buyer: Christo Georgiev - Hela Properties
• Seller's Rep: Dina Goldentayer - Douglas Elliman
• Buyer's Rep: Cris Soares - Brown Harris Stevens
• Note: Venture capitalist David Sacks, part of the "PayPal Mafia," sold the Venetian Islands home to Hela Properties for $22.5 million. Sacks had purchased the property for $17.1 million in 2021.

Christo Georgiev, the buyer of the property, is a Bulgarian fintech entrepreneur, while David Sacks, the seller, is a prominent venture capitalist known for his involvement in PayPal, as well as for founding Geni.com and Yammer. The deal was facilitated by Cris Soares of Brown Harris Stevens, representing the buyer, and Dina Goldentayer of Douglas Elliman, representing the seller.