Miami Duplex Penthouse Chops $13.5M Off Asking Price; Now Listed for $39.5 Million || via Mansion Global
Russian media mogul paid $20 million for the home
BY FANG BLOCK
A duplex penthouse in a new Miami beachfront condominium just chopped its asking price by more than 25% from the $53 million it was first listed for over a year ago.
Penthouse 900 at 321 Ocean Drive in Miami Beach is now listed for $39.5 million, with a price reduction of $13.5 million or over 25%, according to the Multiple Listing Service.
The current owners, Boris Jordan and his wife Elizabeth, closed the unit in mid-2015. He bought off the floor plan, for $20 million, according to the Wall Street Journal. But they tried to flip it six months after closing, for a profit of $33 million. The price dropped to $47.5 million in early 2016.
If it sells at $39.5 million, the couple can still reap $19.5 million in profit, almost doubling their investment.
Mr. Jordan, founder of the private equity and advisory firm Sputnik Group, served as chief executive of the state-controlled Russian media conglomerate Gazprom-Media, and as head of the Russian television network NTV. His wife is a photographer and philanthropist.
The penthouse features four bedrooms and six bathrooms, spanning over 6,800 square feet. There is a private rooftop terrace with 36-foot infinity pool, according to the listing.
Listing agent Jorge Uribe from One Sotheby’s International Realty wasn’t immediately available to comment. Mr. Jordan could not be reached for comment.
Photos via || onesothebysrealty.com