UPDATED, 5:10 p.m., June 29: Developer Manny Varas just sold a newly-built property in the Design District for $10.1 million, a considerable markdown from its listed price.
Perpetual Love Acquisitions LLC, a Delaware company, closed on the Mediterranean-style, three-story building at 4136 North Miami Avenue, said Dwntwn Realty Advisors’ Tony Arellano and David Spitz, who represented the seller.
The 16,900-square-foot building, which was completed in 2017, was on the market for $14 million, meaning it sold for 28 percent less than asking. Rena Kliot of Pulse International Realty represented the all-cash buyer.
Kliot, who declined to identify the buyer, said they plan to open a private language immersion school out of New York to focus on teaching languages such as Mandarin and Spanish. It will be the first school in South Florida for the unnamed foundation, Kliot said.
Varas previously said he bought the 9,400-square-foot development site with investors in 1999 for $500,000.
The $6 million construction project was partially financed with a $3.5 million construction loan.
Retail tenants in the Design District include Hermès, Louis Vuitton, Christian Dior, Bulgari and Prada. Developer Craig Robins of Dacra has led the neighborhood’s transformation into a luxury shopping district.
Fun For A Cause! Great day on the Golf Course with The Real Deal and our Colleagues co-Sponsoring a golf outing to raise money for the Orphaned Starfish Foundation. click here to see the photos.
"Pulse International Realty's Laura Keller represented the buyer. Keller, along with Pulse owner and broker Rena Kliot, declined to identify the buyer, but said he is an early investor in Bitcoin. "It actually went rather smoothly. We had two parties with the same mindset," Kliot said.... Read More on The Real Deal Miami
Patience, Understanding and Great Attention to Detail. These three adjectives describe Latanya as a most pleasant person to work with. I was looking for a place on Miami Beach fully furnished and Latanya was able to deliver wonderful options within my price range. But what I also appreciated was her knowledge of Miami Beach and how she was able to show me properties that although were not in my price range, became desirable to me because of the amenities that were included that would actually save me money compared to if I went with other options just because of the cost of the monthly rental. I highly recommend Latanya to anyone who is looking for a rental or a property to purchase. Never have I had such a pleasant experience with a Sales Professional before I met Latanya. Thank you!
Good afternoon Rena,
I wanted to take this time to express to you know that it has been a pleasure working with Yanarys Fundora. The level of professionalism along with the customer service she provided was exceptional. I came into this process of buying a home very uneducated and she walked me and my family through everything. Even with the changes she was always very helpful at all times. We truly appreciate her and recognize her great efforts throughout our process. You have great team member which I am pretty sure you are already aware of that. Thank you all for your assistance and We wish you all health, love, and much much success!!
I was introduced to Rena from Pulse Realty several years ago and she did an amazing job helping us find a great condo in Sunny Isles. Since then I’ve recommended Rena to a number of friends and everyone was extremely happy with her knowledge and professionalism”
Friendly agents and staff always willing to help - they make it easy!