Tal Alexander Sells Miami Beach Waterfront Estate To Joseph Lebowicz For $33 Million

The property asset involved in this transaction is a single-family home located at 2687 Flamingo Drive in Miami Beach, Florida. The sale price for the property was $33,000,000. The estate features five bedrooms and sits on a 22,400-square-foot lot, translating to a price per square foot of $1,473.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $33,000,000
• Buyer: Joseph Lebowicz
• Seller: Tal Alexander
• Lender: J.P. Morgan Chase
• Lot Size: 22,400 SF
• Price per Square Foot: $1,473

Joseph Lebowicz financed the purchase through a $21.8 million mortgage from J.P. Morgan Chase. The seller, Tal Alexander, is a former real estate broker who purchased the property in 2020 for $3.1 million and was facing a foreclosure case related to the home at the time of this transaction. Alexander is currently awaiting sentencing after being convicted on federal sex trafficking charges.