Updated Sep 23, 2026
Anand Khubani Of Ideavillage Purchases La Gorce Island Properties For $100 Million
18 Lagorce Circle, 22 Lagorce Circle & 24 Lagorce Circle
$100,000,000
Building Size
—
Asset Type
Single Family
Closing
Sep 23, 2024
About this deal
AI
The transaction involves an assemblage of properties located at 18, 22, and 24 La Gorce Circle, situated in the Miami Beach market. The total sale price for this single-family asset reached $100 million, marking a significant transaction in the area.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $100,000,000
- Buyer: Anand Khubani
- Buyer's Company: Ideavillage
- Buyer's Representatives: Brett Harris - Douglas Elliman; Cody Vichinsky & Zachary Vichinsky - Bespoke Real Estate
- Seller's Representatives: Daniel Hertzberg, Jill Eber & Jill Hertzberg - Coldwell Banker
The properties were sold by the trust of the late Dr. M. Lee Pearce. Anand Khubani, founder and CEO of Ideavillage, has acquired these prominent Miami Beach properties, which constitute the most expensive residential sale in Miami-Dade County for the year.
On the Map
$100,000,000
Single Family
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Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93