Pollster Mark Penn and his wife, Nancy Jacobson, have purchased a waterfront mansion on Pine Tree Drive in Miami Beach for $17.5 million. The sale price represents a $5 million reduction from the property’s most recent listing.
According to public records, the seller was Pinetree Holding Corporation, managed by Mohammad Eleyyan of Staten Island. Andrew Katz with Howard Chase Real Estate represented the buyers, while Albert Justo and Mirce Curkoski with One Sotheby’s International Realty handled the listing.
Mark Penn is known as chairman of Harris Poll based in Chicago, a partner in the Harvard CAPS/Harris Poll, and chairman and CEO of Stagwell marketing firm. He previously served as an advisor to Bill and Hillary Clinton during their campaigns in the 1990s and 2000s.
Eleyyan originally acquired the 0.3-acre property for $1.9 million in 2011. He completed construction on the nearly 11,000-square-foot mansion last year. The home features eight bedrooms, six bathrooms, two half-bathrooms, a pool, dock, and 79 feet of waterfront access. It was sold fully furnished.
The mansion was first listed at $22.9 million in 2021 before being increased to $24.9 million in 2022 and then reduced to $22.5 million last year.
This transaction adds to a series of high-value real estate deals on Miami Beach’s waterfront streets recently. In December, billionaire Teddy Sagi bought a teardown property on Pine Tree Drive for $23.8 million (https://therealdeal.com/miami/2024/01/04/billionaire-teddy-sagi-buys-pine-tree-drive-teardown-for-24m/). In August, Richard Schulze—founder of Best Buy—was associated with purchasing a Venetian Islands spec home for $27 million (https://therealdeal.com/miami/2023/08/10/best-buy-founder-richard-schulze-linked-to-27m-venetian-islands-home-purchase/). On North Bay Road in Miami Beach, Russell Weiner—the founder of Rockstar Energy—recently found a buyer for his waterfront residence listed at $32.5 million (https://therealdeal.com/miami/2024/02/09/russell-weiner-finds-buyer-for-miami-beach-waterfront-home-listed-at-33m/) and also owns another large compound on Pine Tree Drive; he is currently involved in litigation against his general contractor over alleged defective work lacking proper approvals and permits.
