Island Luck CEO Sells Venetian Islands Home for $28M therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Zach Vella and Lionel Masson (inset) with 228 and 302 West Dilido Drive
Developer Zachary Vella paid $15.2 million for two adjacent waterfront Miami Beach lots where he plans to build a home for his family.
Lionel Masson, the founder and former CEO of Pharmacies Lafayette, a pharmacy chain in France, sold the properties at 228 and 302 West Dilido Drive on the Venetian Islands to the Vella Group CEO, according to the brokerages involved in the deal. They sold for $688 per square foot.
Natalia Gryczynska
Masson planned to build two spec homes on the lots, but due to the booming market decided to see what he could get if he sold the properties, said his broker, Jim Agard of Vendôme Capital. Natalia Gryczynska of Brown Harris Stevens represented Vella.
Keith Rabois with 1429 North Venetian Way (Getty, Paul Stoppi for Bill & Bryan Team/Douglas Elliman)
Tech investor Keith Rabois paid a record $28.9 million for a waterfront mansion in Miami Beach, as the wave of Silicon Valley buyers intensifies in South Florida,
The Real Deal has learned.
Rabois, a member of the “PayPal Mafia,” who has invested in companies such as PayPal, LinkedIn, Square and Yelp, has been vocal on Twitter about his move from California to Miami.
He acquired the roughly 15,000-square-foot Venetian Islands home on a 0.6-acre lot at 1429 North Venetian Way from the former CEO of Bolthouse Farms, Andre Radandt.