Billionaire condo developer Jorge Pérez gave his South Beach penthouse to the Miami Foundation, which sold the unit for $10 million.
Pérez, chairman and CEO of the Related Group, donated the four-bedroom, five-bathroom unit at 1 Collins Avenue to the downtown Miami-based nonprofit, which then flipped the condo to Lawrence Gould, property records show.
The 3,339-square-foot unit sold for nearly $3,000 per square foot. It was last asking $11.9 million and was listed with Jill and Danny Hertzberg of The Jills Zeder Group at Coldwell Banker. Corcoran Group’s Mick Duchon and Eloy Carmenate represented Gould, according to the listing.
Pérez paid $4.2 million for penthouse 706 in 2016, the same year Related completed the South of Fifth building. He then sought to flip it for $20 million with a different listing agent. It was on and off the market for years before it was re-listed in September.
The condo marks the second personal property that Pérez donated to the Miami Foundation, led by CEO Rebecca Fishman Lipsey. Pérez, known as the “condo king” and his wife, Darlene, sold their waterfront Coconut Grove estate for $33 million in 2021, and gave the proceeds to the not-for-profit organization.
The Jills Zeder Group also brokered that sale.
The Pérezes live at One Park Grove, a Related and Terra development in Coconut Grove near Related’s headquarters. The couple paid $7.4 million for an upper penthouse at the three-tower project in 2021.
Related is developing projects across South Florida. The firm and its partners recently secured a $400 million construction loan for the Residences at Six Fisher Island, an ultra luxury condominium project under construction.
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