Restaurateur Barton G. Weiss has sold his waterfront mansion in Miami Beach for $29.3 million, according to property records. The sale represents a significant price reduction from the original listing of $39.5 million in March.
The buyer is an LLC managed by David Moradi, CEO of accessibility software company AudioEye and founder of Miami-based investment firm Sero Capital. Jill and Danny Hertzberg with the Jills Zeder Group at Coldwell Banker Realty represented the seller, while Marko Gojanovic and Reid Heidenry with One Sotheby’s International Realty brought the buyer.
Weiss, known for his Barton G. restaurants in Miami and Los Angeles, purchased the Sunset Islands II property for $1 million in 1994. He constructed the 12,200-square-foot main house in 2009. The residence features nine bedrooms, nine bathrooms, one half-bathroom, a pool, guest house, 100 feet of waterfront and a dock.
After initially listing the home for $39.5 million in March, Weiss reduced the price to $34.5 million in April before it went under contract in July.
Luxury real estate transactions in Miami Beach have recently seen larger price reductions as market conditions cool at the high end of sales. The Sunset Islands area continues to attract luxury buyers; last week a spec home listed at $18 million went pending and architect Chad Oppenheim secured a buyer for his waterfront mansion at $27 million in November. In October, investor Edmond Harbour purchased an adjacent teardown for $34 million, bringing his total investment on the islands to $60.5 million.
