Key Takeaways
- • Patrick McMahon, Chief Investment Officer of hedge fund MKP Capital Management, sold his oceanfront Four Seasons Residences condo in Surfside for $27.5 million, with the deed recording $24.9 million.
- • The five-bedroom condo at Four Seasons Surf Club sold at a significant gain in value, though the original purchase price was not disclosed in available source material.
- • The property was acquired by 9111 CA Holdings LLC, a private buyer entity.
- • The sale represents a high-value transaction in Miami's ultra-luxury oceanfront residential market, reinforcing demand for premium waterfront assets in South Florida.
Summary
Patrick McMahon, Chief Investment Officer of hedge fund MKP Capital Management, completed the sale of his oceanfront condominium in Surfside for $27.5 million. The property, a five-bedroom unit (N-1021) located at the Four Seasons Residences at the Surf Club, transferred to 9111 CA Holdings LLC. According to the recorded deed, the transaction valued the property at $24.9 million, though the headline sale price cited was $27.5 million.
The oceanfront condo sale generated significant value appreciation for McMahon, with the transaction characterized as a major gain. The specific purchase price and holding period were not disclosed in available reporting, preventing precise calculation of the investment return. The property's appeal to high-net-worth buyers reflects ongoing strength in Miami's ultra-luxury residential segment, particularly for oceanfront assets in prestigious developments.
The Four Seasons Surf Club in Surfside remains a flagship luxury residential destination in South Florida, attracting institutional investors and high-net-worth individuals seeking premium oceanfront accommodations. The transaction demonstrates continued capital flows into top-tier Miami waterfront real estate, even as broader economic conditions shape residential markets across the United States.
The oceanfront condo sale generated significant value appreciation for McMahon, with the transaction characterized as a major gain. The specific purchase price and holding period were not disclosed in available reporting, preventing precise calculation of the investment return. The property's appeal to high-net-worth buyers reflects ongoing strength in Miami's ultra-luxury residential segment, particularly for oceanfront assets in prestigious developments.
The Four Seasons Surf Club in Surfside remains a flagship luxury residential destination in South Florida, attracting institutional investors and high-net-worth individuals seeking premium oceanfront accommodations. The transaction demonstrates continued capital flows into top-tier Miami waterfront real estate, even as broader economic conditions shape residential markets across the United States.
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