Paul Destefanis Acquires Key Biscayne Single Family For $16.5M With Douglas Elliman Rep | 520 South Mashta Drive | Pamela Ibarguen-Mann, Nelson Duque, Jonathan Matos | Single Family | Sale

Summary

Sale

FLORIDA

Single Family

3,085 sqft

The single-family property located at 520 South Mashta Drive in Key Biscayne was sold for $16.5 million. Spanning 0.51 acres, the property boasts 3,085 square feet of living space, amounting to a price per square foot of $5,348.

Summary of transaction details:

Property Type: Single Family
Transaction Amount: $16,500,000
Address: 520 South Mashta Drive
Market: Key Biscayne
Buyer: Paul Destefanis - Finch Development Corporation
Seller: Maria Ferré; Maurice Ferré Jr. - Insightec
Buyer's Rep: Jonathan Matos - Douglas Elliman
Seller's Rep: Nelson Duque & Pamela Ibarguen-Mann - Fortune Christie’s International Real Estate

The sale of this waterfront property reflects the high demand for privacy and security among luxury buyers in South Florida's real estate market. Insightec CEO Dr. Maurice Ferré Jr., son of former Miami mayor Maurice A. Ferré, was the seller, while the buyer, Finch Development Corporation, was managed by Paul Destefanis of Miami-based Advanced Business Valuations.

Players

All
5

Agents
3
Agencies
2

Pamela Ibarguen-Mann

Realtor Associate

$16.5M Sold

Nelson Duque

Senior Managing Director

$16.5M Sold

Jonathan Matos

Sales Associate

$16.5M Sold

Fortune International Realty

Douglas Elliman

Details

Deal Summary

SOLD

IMAGE: Jonathan Matos, Maurice Ferré Jr., Nelson Duque & Paul Destefanis DATE: 03/07/2024 ADDRESS: 520 South Mashta Drive MARKET: Key Biscayne ASSET TYPE: Single Family ~ ACRES: 0.51 BUYER: Paul Destefanis - Finch Development Corporation SELLER: Maria Ferré; Maurice Ferré Jr. - Insightec BUYER'S REP: Jonathan Matos (@JonathanMatos) - Douglas Elliman (@DouglasElliman) SELLER'S REP: Nelson Duque & Pamela Ibarguen-Mann - Fortune Christie’s International Real Estate (@FortuneInternationalRealty) SALE PRICE: $16,500,000 SF: 3,085 ~ PPSF: $5,348 NOTE: Insightec CEO Dr. Maurice Ferré Jr., son of former Miami mayor Maurice A. Ferré, sold a waterfront property in Key Biscayne for $16.5 million to Finch Development Corporation, managed by Paul Destefanis of Miami-based Advanced Business Valuations. The sale reflects the demand for privacy and security among luxury buyers in South Florida's real estate market.

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Address520 South Mashta Drive

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