Belgian diamond mogul buys Venetian Islands home for $6.6M

Belgian diamond mogul buys Venetian Islands home for $6.6M

Thursday, August 11, 2016
San Marino Drive

314 West San Marino Drive

A company controlled by Fabrice Finkelstein of the Belgian diamond family paid $6.6 million for a waterfront Venetian Islands home.

Records show Kib 1 LLC bought the seven-bedroom, two-story home at 314 West San Marino Drive from Albert and Margo Lee Hofeldt.

The Belgian corporation¬†Finkelstein includes Finkelstein¬†Diamonds, commercial and residential real estate arms, a water distribution company, Cartier and Piaget distributors, and a valet parking and related services company, according to its website. Corporate records show the¬†buyer of the Miami Beach home, Fabrice Finkelstein, lists the firm’s Belgian headquarters as its address.

Calibre International Realty’s Julian Johnston listed the 6,658-square-foot home for $7.9 million, according to Realtor.com. The house, built in 1980, was redeveloped in 2003 with interiors by Allen Saunders. It features an infinity edge pool, hot tub, dock, terraces and a summer kitchen.

Listed for $1,187 per square foot, the Hofeldts sold it for $991 a foot. The Venetian Islands house sits on a 10,500-square-foot lot.

Johnston could not immediately be reached for comment.


Source: The Real Deal