Published by The Real Deal, December 17, 2020
Tech investor Keith Rabois paid a record $28,935,000 Million for a Waterfront mansion in Miami Beach, Florida as the wave of Silicon Valley buyers intensifies in South Florida, The Real Deal has learned. Rabois, a member of the “PayPal Mafia,” who has invested in companies such as PayPal, LinkedIn, Square and Yelp, has been vocal on Twitter about his move from California to Miami. He acquired the approximately 15,000-square-foot Venetian Islands home at 1429 North Venetian Way from the former CEO of Beverage Company, Bolthouse Farms, Andre Radandt.
Per the Property’s MLS details, it’s a 4-Story Residence with 6 Bedrooms, 7.5 Baths, a 4,868 Square Foot Rooftop Garden, a 5,600-gallon saltwater Aquarium, a 1,112-Bottle Wine Cellar, a Gym with NFL turf on an adjacent Terrace, an Infinity edge Pool, boat Dockage, outdoor kitchen, outdoor Shower, and a 4-Car Garage.
A Contemporary Home completed in 2020 and designed by Architectural Designer Dufner Heighes, 1429 North Venetian Way enjoys an amazing direct Bayfront location with breathtaking views of the Bay and City Skyline.
The sale comes as a wave of tech executives and CEOs, as well as wealthy buyers from the Northeast, buy waterfront properties in Miami Beach. The inventory of waterfront single-family homes for sale in Miami Beach is dwindling quickly, with out-of-state buyers picking up properties on a daily basis, according to brokers and Property Tax Records.