H.I.G. Growth Partners founder Tony Tamer dropped $25 million on a waterfront teardown on Miami Beach’s Sunset Islands.
Records show Tamer’s KIC2315 Lake LLC bought the home at 2315 Lake Avenue from a trust named for the address. The true seller is unknown.
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker had the listing, and Jill Hertzberg, also of the Jills Zeder Group at Coldwell Banker brought the buyer.
Tamer is one of the founders and co-CEOs of H.I.G. Capital, a global private equity firm headquartered in Miami. H.I.G. manages more than $56 billion worth of assets, and its current portfolio includes more than 100 companies.
The trust selling the nearly 0.7-acre Sunset Island III property paid $9.9 million for it in 2019, records show. Built in 1941, the six-bedroom, six-bathroom house spans almost 4,700 square feet. The property has 160 feet of waterfront, a dock and a pool, according to the listing.
It was advertised as an opportunity to “build your dream home,” and listed for $30 million in October, according to Realtor.com.
Also on the Sunset Islands, developer couple Jackie Soffer and Craig Robins listed their waterfront mansion for $45 million in February. The home includes a bathroom designed by the couple’s late friend, architect Zaha Hadid.
Miami Beach island homes have sold at high prices in recent weeks. Former Dodgers outfielder Alex Guerrero sold a waterfront spec house on Palm Island for $17.2 million earlier this week. Also this month, a Hibiscus Island home sold for $16.2 million. Waterfront properties remain in high demand, whether on an island or not. Jeweler Paul Morelli sold his waterfront North Bay Road mansion for $22.9 million earlier this month.