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Tommy Mottola and Thalía with an aerial view of 31 La Gorce Circle (Getty) A hedge fund manager’s investment in a La Gorce Island teardown in Miami Beach appears to have paid off. Adam Wyden, who heads his investment firm ADW Capital, and his wife Allison, sold their home at 31 La Gorce Circle for $5.5 million to music executive Tommy Mottola and his wife, Mexican singer and actress Thalía, The Real Deal has learned. The Wydens bought the house in December for $4.2 million. Mottola, chairman of Mottola Media Group and former chairman and CEO of Sony Music Entertainment, and Thalía recently flipped their oceanfront condo at the Four Seasons Residences at The Surf Club for $10.4 million, $2.4 million more than their purchase price less than a year ago.

United statesNew yorkLa gorce islandMiami beachCarly simonMarc anthonyGloria estefanAdam wydenMariah careySodi miranda mottolaDouglas ellimanJennifer lopezDevin kayDouglas cramerRicky martinJeri jenkins