Hedge fund manager Nick Maounis adds $32M lot to Miami Beach compound
He paid $75M for the mansion next door last year
Key Points
- Hedge fund manager Nick Maounis purchased a neighboring half-acre property at 84 La Gorce Circle in Miami Beach for $31.5 million.
- This latest acquisition expands Maounis's La Gorce Island compound to a total of 1.6 acres and $106.5 million, following his $75 million purchase of the mansion next door at 88 La Gorce Circle last year.
- Maounis is the CEO of Verition Fund Management and also owns a separate waterfront estate on Pine Tree Drive in Miami Beach, illustrating the strength of the high-end waterfront home market in Florida, which is being fueled by wealthy buyers.
Hedge fund manager Nick Maounis paid $31.5 million for his neighboring property on La Gorce Island, The Real Deal has learned.
Dennery LLC sold the 5,400-square-foot, four-bedroom, five-and-a-half-bathroom house at 84 La Gorce Circle in Miami Beach, according to property records and the listing. The deal closed on Thursday.
STRE Management, the seller’s representative, said in a statement to TRD that the sale was “effectively a land play” that achieved “one of the highest price-per-square-foot figures in Miami-Dade history” for land. The property traded for $1,575 per square foot. Another house on the street, at 68 La Gorce Circle, sold for $1,713 per foot in August.
The half-acre property was on the market with Jonathan Alfonso of EXP Realty, asking $39 million. Maxwell E Realty’s Ryan Mendell represented the buyer, according to the listing. Alfonso and Mendell declined to comment on the buyer’s identity.
The property last sold in 1982 for $500,000.
The two La Gorce Island properties total 1.6 acres and $106.5 million spent, amounting to $66.6 million per acre.
Maounis founded Amaranth Advisors hedge fund, which collapsed in 2006 after losing more than $6 billion on natural gas futures. He’s now CEO of Greenwich, Connecticut-based Verition Fund Management, which managed $14.4 billion at the start of this year, Bloomberg reported.
Maounis and his wife also own a waterfront estate on Pine Tree Drive in Miami Beach. They paid $26 million for the property in 2022, records show. David and Leila Centner, owners of the Centner Academy, sold the mansion to the Maounises.
The market for high-end waterfront homes is strong, in part fueled by a wave of wealthy California buyers relocating to Florida. Land sales are also starting to pick up, brokers say.
Earlier this month, Mark Zuckerberg and his wife, Priscilla Chan, closed on their purchase of an Indian Creek mansion for a record $170 million. The property is under construction.