Hines exec buys Key Biscayne mansion for $7M in Miami Florida, Sellers had paid $2.1 million for the property in 2004 and renovated it

Key Biscayne Sold For $7M by Hines exec in Miami Florida
Alfonso Munk and 100 Island Drive (Linkedin, Realtor)

Hines exec Alfonso Jose Munk and his real estate representative better half bought a waterside Key Biscayne manor for $6.9 million, according to ‘the real deal’.

Records show Munk and also his partner, Catalina Mendez Jaramillo, bought the home at 100 Island Drive from Fred and also Susan Joch.

Munk is chief financial investment officer for North and also South America at Hines. With $144.1 billion in possessions under monitoring, Hines is just one of the biggest independently held real estate investors, programmers, and also supervisors in the world, according to its website.

Jaramillo, a real estate representative for Berkshire Hathaway HomeServices EWM Real estate, represented herself as well as her hubby in the purchase. Brigitte Nachtigall with Great Quality International represented the Joch household.

Key Biscayne, The 6,987-square-foot home took place in the market at $8.9 million in January 2019. The cost dropped to $8 million six months later, and also most lately was asking $7.8 million in May.

The Joch family got the manor in 2004 for $2.1 million, according to records. They began remodellings in 2005 and ended up two years later on.

The three-story residence has six rooms and 6 restrooms. It also includes a three-car garage, 150 feet of beachfront, a 70-foot dock with a watercraft lift, and also a pool.

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Fred Joch is the co-owner of Legacy International Advisors, a Miami-based life insurance preparation firm. Susan Joch is a realty agent and developer. She developed the recently-sold residential or commercial property, according to her LinkedIn.

key Biscayne has actually been a hot market in October. A well-off Brazilian family member sold their beachfront estate for $13 million, a founding partner of Platinum Equity sold his estate for $15.5 million, and also the co-founder of a cryptocurrency asset company offered his condo at Sea Tower 2 for $5.8 million.

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