Sedano’s Agustin Herran Sells Miami Beach Home for $36M

Sedano’s Supermarkets CEO Agustin Herrán sold his oceanfront Miami Beach home for a record price, The Real Deal has learned.

Herrán, whose family owns the Hispanic grocery store chain, sold his 7,650-square-foot house at 7725 Atlantic Way for $35.6 million, a record for the Altos del Mar neighborhood. Sedano’s, founded in 1962 in Hialeah, now has 32 stores in Florida, according to its website.

Property records show a company named after the address and managed by Herrán paid $1.4 million for the 0.4-acre lot in 2005. The five-bedroom, six-and-a-half-bathroom home was built in 2012.

Coldwell Banker’s Jill Hertzberg of the Jills Zeder Group represented the seller in the off-market deal. Ruthie and Ethan Assouline of the Assouline Team at Douglas Elliman represented the buyer.

It wasn’t immediately clear who bought the property, as the deed has not yet been recorded.

Ruthie Assouline said in a statement that the seller “initially did not intend to trade” the Miami Beach property. The sale, she said, shows continued demand for “trophy inventory.”

Herrán’s Balinese-style home features an infinity edge pool, spa, a summer kitchen with a pizza oven and a fire pit lounge with a direct pathway to the beach, according to marketing materials.

Altos del Mar is a 12-home gated community in North Beach, just south of the North Beach Oceanside Park, near Ocean Terrace. The previous price record was held by the $25.5 million sale of 7709 Atlantic Way to Victor Ciardelli, president and CEO of Chicago-based Guaranteed Rate, in 2021. Ciardelli also paid $12 million for the lot next door, for a total of $37.5 million.

In 2022, Bal Harbour Shops owner Matthew Whitman Lazenby sold the oceanfront home at 7825 Atlantic Way in the Altos Del Mar neighborhood of Miami Beach for $21 million to an entity tied to the billionaire Metropoulos family, which owns a second home in Altos de Mar.