Witkoff-led LLC paid $7M for the property in early 2021
New York developer and Florida transplant Steve Witkoff just flipped a waterfront home lot in Miami Beach for a 188 percent markup, The Real Deal has learned.
Paisley Real Estate LLC, led by Witkoff and managed by the Witkoff Group, sold the 0.6-acre plot at 6455 Pine Tree Drive Circle for $20 million, according to property records and the MLS. The entity paid close to $7 million for the corner lot in early 2021. It is near La Gorce Island and across from Allison Island, and has 342 feet of water frontage.