Hillary S. Hoffman And Kenneth C. Hoffman Acquire Condo From Marjorie Berkley And William R. Berkley For $11.25M

The property involved in this transaction is a condo located at 2627 South Bayshore Drive Unit 3001 in Miami, comprising 6,920 square feet. The asset was sold for $11,250,000, which reflects a price per square foot of $1,626. The condo is situated in the Grovenor House in Coconut Grove.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $11,250,000
• Square Footage: 6,920
• Price Per Square Foot: $1,626
• Buyer: Hillary S. Hoffman; Kenneth C. Hoffman - Azorra
• Seller: Marjorie Berkley; William R. Berkley - W.R. Berkley
• Buyer's Representative: Debra Flam - Coldwell Banker
• Seller's Representative: Liz Hogan - Compass

This transaction involved billionaire William R. Berkley and his wife selling their condo to Azorra executive Kenneth C. Hoffman and his wife. The deal, facilitated by the respective brokerage firms Coldwell Banker and Compass, resulted in a profit for the Berkleys following their purchase of the property for $8.6 million in 2014.