Sergey Brin Of Google Purchases Oceanfront Home From Michael Burke Of LVMH Americas For $50M

The property involved in this transaction is a single-family home located on Allison Road in Miami Beach. The asset has a sale price of $50,000,000 and spans approximately 10,000 square feet. It features 200 feet of ocean frontage on nearly an acre of land.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $50,000,000
• Address: Allison Road
• Market: Miami Beach
• Square Footage: 10,000
• Price Per Square Foot: $5,000
• Buyer: Sergey Brin - Google
• Seller: Michael Burke - LVMH Americas

In this transaction, Sergey Brin, a co-founder of Google, is acquiring the oceanfront home from Michael Burke, the CEO of LVMH Americas. Notably, the purchased property won't be able to accommodate Brin's 466-foot megayacht, Dragonfly.