Hedge fund executive’s trust pays $17M for Key Biscayne mansion

Hedge fund executive’s trust pays $17M for Key Biscayne mansion

A waterfront mansion in Key Biscayne was acquired by a trust led by a local hedge fund manager for $16.88 million.

Rander Investing, a British Virgin Islands-registered company managed by Juan Carlos Madrinan Borrero , sold the 6,869-square-foot home at 2200 Harbor Drive to the 2200 Harbor Drive Florida Land Trust, with Blue Harbor 220 LLC. The $10.97 million mortgage from JPMorgan Chase was signed by David Rodriguez-Fraile and Nuria De La Fuente Garcia on behalf of the trust.

Rodriguez-Fraile, once a premier soccer prospect in Spain, is the managing partner of Miami-based Bluemar Capital Management. It has assets under management of $459 million, according to SEC filings.

Jorge Uribe of One Sotheby’s International Realty represented the seller in the deal, while Chabelli Gugliatto of LoKation Real Estate worked with the buyer. The price equated to $2,457 a square foot.

The home was built on the 20,000-square-foot lot in 2006. This is the first time it has sold.

It features five bedrooms, seven bathrooms, a pool with a swing elevated above it, a dock, a summer kitchen, a balcony, a pond, and a media room.

Key Biscayne is one of the more expensive cities in South Florida because of its remote location between Biscayne Bay and the Atlantic Ocean, along with its parks.

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