A gaming entrepreneur paid $45 million for a waterfront mansion in Miami Beach, setting a record for Palm Island, The Real Deal has learned.
MI 8787 LLC, a Delaware entity, sold the 14,930-square-foot, eight-bedroom, nine-bathroom home at 40 Palm Avenue to Richard Skelhorn in an off-market deal. Skelhorn, who works in the online gaming and gambling industries and founded London-based MetaWin, disclosed his purchase on Instagram.
“It was 1 a.m. in Dubai, had a few beers when I made the offer,” Skelhorn posted on Instagram, calling it his “new winter home.”
Compass agent Matthew Dugow of the Chad Carroll Group represented the seller. Douglas Elliman’s Oliver Lloyd represented the buyer.
The 0.7-acre property includes a primary suite with its own patio and pool; a rooftop terrace, a home theater, gym, and a private dock with 100 feet of water frontage. The house was built by Chilean developer and casino mogul Claudio Fischer. It was completed in 2023.
Property records show the home previously sold last year for $37.9 million, though it was recorded on the Multiple Listing Service as a $40 million sale. That sale in May previously held the record for Palm and Hibiscus islands.
Last year, retired boxing champion Floyd Mayweather Jr. sold his waterfront Palm Island mansion for $22 million.
Other areas of Miami Beach continue to notch record deals. In February, Karlton Companies sold a waterfront spec mansion for $31.5 million, marking a record for Allison Island.
Also last month, Sedano’s Supermarkets CEO Agustin Herrán sold his oceanfront home for $35.6 million, a record for the Altos del Mar neighborhood of North Beach.
And Todd Michael Glaser and his partners are in contract to buy a waterfront estate on North Bay Road for $105 million, a deal that would top all others on the pricey street.
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