With real estate’s busy season in full swing, a waterfront home in Miami Beach’s Venetian Islands sold for $22.8 million.
Records show Scott Reynolds and Doreane DiGiacomo sold the house at 40 West San Marino Drive to KC Property Holdings, a Delaware entity. The true buyer is unknown.
Julian Johnston of the Corcoran Group had the listing, and Karen Stauber with Coldwell Banker Realty’s Jills Zeder Group brought the buyer.
Reynolds was a broker with Spartan Securities from 2005 to 2019, but was suspended by the Financial Industry Regulatory Authority (FINRA), according to Broker Check.
Reynolds bought the 0.2-acre waterfront property on San Marino island for $6.1 million in 2016 through his SRR Property Holdings. He sold it to himself for $4.1 million in 2018, records show. He built the 5,000-square-foot house in 2020. It has five bedrooms, four bathrooms, a pool and a dock, and was designed by Miami-based architecture firm Choeff Levy Fischman, according to records and the listing.
The couple listed the house for $26.5 million in 2023, before cutting the price to $23.9 million and then pulling the home from the market, Zillow shows. They relisted the house for $23.5 million earlier this month and sold the same day, according to the listing.
Reynolds and DiGiacomo didn’t move far. This month, the couple bought a waterfront house on Miami Beach’s Palm Island at 277 North Coconut Lane from Jose and Jacqueline Ferrer for $7 million, property records show.
The latest deal follows a string of pricey Venetian Islands closings since South Florida’s busy season kicked off. Earlier this month, Colgate Darden IV, the grandson of a prominent Virginia politician and a scion of the du Pont family, sold a waterfront home for $15.5 million. Last month, Shark Tank investor Rohan Oza bought a waterfront house for $13.5 million. In November, the family of the late Daniel Heller, a prominent Miami Beach attorney, sold a waterfront home for $27.5 million in an off-market deal