Published by The Real Deal South Florida, January 29, 2021
Phil Collins sold his waterfront Miami Beach estate for $39,250,000 on January 28, 2021, after a legal battle with his ex-Wife, Orianne Bates.
Private equity billionaire Orlando Bravo and his wife Katy purchased the 11-bedroom, 10-bathroom mansion at 5800 North Bay Road, according to the Miami Herald. The 10,769-square-foot Mediterranean Revival estate, built in 1929, sits on a 1.2-acre lot. It has 184 feet of waterfront, a pool and dock, as well as a 6,000-gallon koi pond. Sources confirmed the buyer’s identity to The Real Deal.
Bravo is co-founder and managing partner of Thoma Bravo, a Chicago-based private equity investment firm. He’s worth about $3.7 billion, according to Forbes. The Puerto Rican-born businessman reportedly owns a home in the San Francisco Bay area.
Collins 5800 North Bay Road Miami LLC paid $33 million for the property in 2015, which previously belonged to Jennifer Lopez.
Jill Hertzberg and Jill Eber of The Jills Zeder Group at Coldwell Banker represented Collins. Judy Zeder represented the buyer.
Waterfront sales along North Bay Road have soared in recent weeks, with properties trading to Billionaire hedge fund manager Dan Loeb, Cindy Crawford and Rande Gerber, Karlie Kloss and Josh Kushner, and GameStop short-seller Gabe Plotkin, among others.