Andrew Lessman sells his house in Miami Beach
Vitamin mogul Andrew Lessman just swallowed some extra income after selling his second waterfront estate in Miami Beach in less than six months.
Lessman, who in 1979 founded the Henderson, Nevada-based vitamin company that became ProCaps Laboratories, sold the home at 835 East Dilido Drive on the Venetian Islands for $ 20.3 million.
Property records show that its AML Investment IX LLC sold the property to a revocable trust managed by attorney Eric Grabois. The same entity of Lessman sold the adjacent property in November for nearly $ 17 million to Banir Ganatra, CEO of Americor, a debt settlement company. Lessman also sold a unit to the Surf Club’s Four Seasons Residences in early 2020 for $ 6.2 million.
In the last sale, Oren Alexander of Douglas Elliman represented Lessman, and Jeff Miller of One Sotheby’s International Realty brought in the buyer, according to Redfin.
The buyer financed the purchase with a $ 12.2 million loan from JP Morgan Chase, records show.
The 7,066-square-foot, seven-bedroom Di Lido Island home features a large office with privacy glass, a rimless pool, spa, cabana kitchen, ipe wood dock, private sport and 12 foot high retractable windows. The house was built in 2018 on nearly 15,000 square feet of land. It has 99 feet of frontage on the water.
Sales have exploded on the Venetian Islands recently.
Restorer Myles Chefetz just sold his waterfront home to billionaire Warren Lichtenstein, founder and executive chairman of Steel Partners Holdings LP, for $ 15.5 million in an off-market sale.
Last month, the founder of the Clinic ticket office sold his waterfront home in Rivo Alto for $ 21 million. And the seller of a house by the water on the island of San Marino returned it for $ 23.5 million, four months after buying it for $ 20.4 million.
At the end of last year, a technology investor Keith Rabois paid a record $ 28.9 million for a waterfront mansion on the North Venetian Way on the Venetian Islands.