By Andrew Batt:
Pop star Billy Joel has sold his Miami Beach waterfront mansion for a reported US$13.75 million.
The 8,880 sqft luxury property on La Gorce Island features seven bedrooms, nine bathrooms, two kitchens and a four-car garage.
The
sale, which was handled by Sotherby’s Real Estate, netted Joel just
US$175,000 more than he paid for the property seven years ago. It was
also US$1 million than the original asking price.
The new owner
of the property is reported to be Italian billionaire shoe and handbag
mogul Diego Della Valle, the founder of luxury leather goods brand Tods.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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