SBE founder Sam Nazarian closed on a Waterfront mansion in Coral Gables, Florida for $14 million, with plans to relocate from Los Angeles, California, The Real Deal has learned.
Nazarian, who recently sold his remaining 50-percent stake in SBE Entertainment’s hotel brands, acquired the six-bedroom, eight-and-a-half-bathroom estate at 8815 Arvida Drive in Coral Gables, Florida, according to sources. Nazarian declined to comment.
The 9,694-square-foot Palladian-style home, with a home theater, master suite, covered terraces and cabana, sits on a 1.2-acre lot in the gated Gables Estates community. The property features a four-car garage, summer kitchen and pool, according to the listing.