Technology investor buys waterfront home in Coconut Grove

Technology investor buys waterfront home in Coconut Grove

Wednesday, May 9, 2018

3333 Poinciana Avenue and Richard C. Shipley (Redfin and philanthropynewsdigest.org)

Technology investor Richard C. Shipley just bought a house in Coconut Grove for $5.77 million, property records show.

Shipley is the founder and senior managing director of the Wellesley, Massachusetts-based private equity firm Shiprock Capital. The company invests in the early stages of technology companies. Shipley also formerly headed a company founded by his parents, now called Rohm and Haas Electronic Materials.

The 6,570-square-foot house he bought at 3333 Poinciana Avenue traded for about $880 per square foot. Records show husband and wife Alan and Rosario Bond are the sellers. The couple bought the three-story home in 2011 for $3.44 million and finished renovating it in 2013.

The house fronts Biscayne Bay and features four fireplaces, a gym, entertainment room and a three-car garage. The house also features a new boatlift and pool, according to Redfin.

The Bonds put the four-bedroom, five-bathroom home on the market in February for $6.89 million with Tristan Bond of Beachfront Realty, and later reduced the price to $5.9 million in March, according to Redfin. The property sold at a 16 percent discount off the original ask.

Shipley joins a roster of other technology executives who live in Miami-Dade County, including Jeffrey Sloan, CEO of the publicly traded financial technology company Global Payments, and Charlie Fernandez, who’s e-commerce company eApeiron made headlines in 2016 when Alibaba invested in it.


Source: The Real Deal