A firm led by Eric Spoffod , who recently sold an addiction treatment center in New Hampshire, paid $20.75 million for a waterfront mansion on the Venetian Islands in Miami.
Overseas Venetian Invest LLC, managed by French real estate magazine editor Jean Pierre Cohen , sold the 7,886-square-foot home at 1374 S. Venetian Way to 1374 South Venetian Way LLC, managed by Spofford in Windham, New Hampshire. Miami-based City National Bank of Florida provided a $15 million loan to the buyer. One Sotheby’s International Realty’s Roy Benmeir , who represented the seller in the deal, declined to comment. Attorney Steven Herzberg of Vazquez & Associates in Miami also worked with the seller.
The price equated to $2,631 a square foot.
The home last traded for $11.7 million in 2018, so it had a big gain in value. That’s a reflection of the strong demand for waterfront homes on the Venetian Islands as more wealthy people move to the area.
Built on the 10,500-square-foot lot facing south on Biscayne Bay in 2006, the home features seven bedrooms, 8.5 bathrooms, theater, rooftop pool with a glass wall and underwater speakers, a dock, a hammam, a sauna and a 12-person Jacuzzi.
Spofford sold Granite House Recovery Centers in Derry, New Hampshire. Now, he has a home in a much warmer climate.
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