A sizable portion of Miami Beach’s La Gorce Island has found a deep-pocketed buyer.
Three waterfront parcels in the posh Biscayne Bay enclave have sold to consumer goods multimillionaire Anand Khubani for $100 million, the Real Deal first reported.
The three-property assemblage — 18, 22 and 24 La Gorce Circle — are directly adjacent to each other and originally went on the market two years ago with a price tag of $170 million.
He entered into the contract at the beginning of this April.
The address 18 La Gorce Circle has a two-bedroom house, a dock and a guest house, while 22 La Gorce Circle has a five-bedroom house and a dock. No. 24 is currently a park.
Although the listing has now sold at a steep discount, the sale still marks Miami-Dade County’s most expensive closed residential deal since 2022, when Citadel CEO and founder Ken Griffin spent a record $106.9 million on a 4 acre property in Coconut Grove.
Seller, investor trust and the late, controversial activist physician Dr. M. Lee Pearce, was represented by Danny and Jill Hertzberg and Jill Eber of Jills Zeder Group at Coldwell Banker.
Pearce, who passed away at his La Gorce Island home in 2017, spent more than $3.1 million in the 1980s to put together the multi-parcel property, which boasts roughly 3 acres and nearly 600 feet of water, according to the Real Deal .
Douglas Elliman’s Brett Harris and brothers Zach and Cody Vichinsky of Bespoke represented Khubani, who founded the Jersey-based firm Ideavillage Products, which “creates and partners with high-potential brands,” according to its website, by added, “We disrupt categories.”
Brands within Ideavillage’s portfolio include compression product stores Copper Fit and Microtouch.
The sale has been anticipated for some time, though multiple earlier reports have confused Anand with his brother, Ajit “AJ” Khubani, an IT mogul famous for the “As Seen on TV” commercials.
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