Billionaire Hedge Funder Dan Loeb Sells Miami Beach Mansion

Billionaire hedge fund manager Dan Loeb sold his waterfront mansion in Miami Beach for about $35.5 million, The Real Deal has learned.

Loeb, founder and CEO of New York-based hedge fund Third Point, sold the 14,000-square-foot, six-bedroom mansion at 6440 North Bay Road, sources said. An LLC named after the address that incorporated last month purchased the home.

The 0.6-acre property hit the market a year ago for $45 million, and the price was later reduced to $41.5 million. The listing was removed from the market in June.

Danny and Jill Hertzberg of the Jills Zeder Group at Coldwell Banker represented the seller in the sale. David Solomon of Berkshire Hathaway HomeServices EWM Realty represented the buyer. Solomon is also listed as the manager on the buyer’s LLC, records show.

The agents all declined to comment on the deal.

Loeb paid $20 million for the property in late 2020. Developer Peter Fine built the home, which was designed by Choeff Levy Fischman and includes a rooftop deck, wine cellar, two-bedroom guest wing, an infinity pool, dock and home theater.

In 2022, Loeb also sold the teardown at 2220 North Bay Road for $28.3 million. He paid $12 million for the house in 2020. It has since been knocked down.

Loeb is worth about $3.2 billion, according to Forbes.

North Bay Road, home to a number of billionaires and celebrities, has seen a few high-profile properties trade hands recently.

In October, Richard Saghian, the billionaire founder and CEO of Fashion Nova, paid $30 million for the waterfront spec home at 5718 North Bay Road and the non-waterfront house across the street at 5725 North Bay Road.

That sale closed days after David and Victoria Beckham paid $72.3 million for the waterfront spec mansion at 4736 North Bay Road.
In April, Billionaire media mogul Barry Diller, who is married to fashion designer Diane von Furstenburg, paid $45 million for the 1.5-acre waterfront lot at 5930 North Bay Road. Related Companies’ Bruce Beal Jr. sold the property.