Former BuzzFeed chairman sells Miami mansion for $25million in an off-market deal after buying the land for $7million in 2014, demolishing the existing residence and building an eight-bedroom house
- Kenneth Lerer, who is also the co-founder of The Huffington Post, was approached by a real-estate agent whose client was moving to the area
- The property is located on the Venetian Islands, a chain of man-made islands in Biscayne Bay
- The luxurious mansion is 10,770-square-foot and has eight bedrooms, high ceilings and a rooftop terrace
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The former chairman of Buzzfeed has sold his Miami mansion in an off-market deal for $25million.
Kenneth Lerer, who is also the co-founder of The Huffington Post, bought the land in 2014 for $7million and demolished the existing building to put up his eight-bedroom house.
The property is located on the Venetian Islands, a chain of man-made islands in Biscayne Bay.
Kenneth Lerer, the former chairman of Buzzfeed has sold his Miami mansion in an off-market deal for $25million
Lerer, who is also the co-founder of The Huffington Post, bought the land in 2014 for $7million and demolished the existing building to put up his eight-bedroom house
Real-estate agent Dina Goldentayer of Douglas Elliman told The Wall Street Journal that she approached the media mogul about selling the property because she had a client relocating to the area from California.
She did not comment on the buyer’s identity, but said this type of off-the-market deal reflected the ‘intense’ Miami property market in which agents have begun knocking on people’s doors to convince them to sell in a bid to meet demand.
‘I would have hopped the fence if I could,’ Goldentayer told the paper.
The ‘neo-classical modern’ property is located on the Venetian Islands, a chain of man-made islands in Miami’s Biscayne Bay
With its high ceilings, wall-to-ceiling windows and white oak floors, the bright home makes the most of its sunny location
Lerer, who stepped down as Buzzfeed chairman in 2019, is currently a managing partner at a venture capital fund.
He bought the property in 2014 from Miami developer Robert Zangrillo, records show.
The luxurious home is ‘neo-classical modern’ in style, Goldentayer told The Washington Post.
The 10,770-square-foot property has eight bedrooms and a rooftop terrace.
With its high ceilings, wall-to-ceiling windows and white oak floors, the bright home makes the most of its sunny location.
The 10,770-square-foot property has eight bedrooms as well as a rooftop terrace overlooking the bay (pictured)
Lerer (left) is pictured with Huffington Post co-founder Arianna Huffington at an event in New York City in 2010. The media mogul works at a venture capital fund, having stepped down from Buzzfeed in 2019 [File photo]
The waterfront home was bought by Lerer from Miami developer Robert Zangrillo in 2014, records show. Lerer tore down the original building to have his home built
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