James Terlizzi, chairman of DRB Capital, has sold his waterfront home in Gulf Stream for $15.9 million. According to property records, Terlizzi and his wife, Laura Terlizzi, sold the house located at 8 Driftwood Landing to Zee El Ocho LLC, a Florida company managed by Benjamin J. Bavly. Bavly is CEO of BlackStar Capital, based in Chestnut Hill, Massachusetts.
Candace and Phillip Friis of the Corcoran Group represented both sides of the transaction.
Terlizzi has led Delray Beach-based DRB Capital since joining in 2014 and previously served as CEO of Peachtree Financial Solutions, according to Bloomberg.
The Terlizzis originally bought the property for $4.3 million in 2009. Built that same year on a 1.1-acre lot, the estate includes a main house with six bedrooms, six bathrooms, two half-bathrooms, a pool, and 446 feet of waterfront with two docks. There is also a guest house on site. The design was led by architect Randall Stofft and Marc Michaels Interiors.
The couple listed the home for $17.9 million in January; it went under contract in May.
This sale is one of several high-value transactions in Gulf Stream recently. Last month, the Ganger family sold the oceanfront Vanderbilt estate known as Miradero for $21.6 million after only one month on the market. The property was originally designed by Maurice Fatio for Lila Vanderbilt Webb.
In September, attorney Henry Rosen purchased an oceanfront home for $22 million from Bon Property LLC, managed by Aogán O hAoláin. O hAoláin also manages Bos Property LLC, which sold a Highland Beach mansion for $28.5 million earlier this year.
