Loeb, the founder and CEO of New York-based hedge fund Third Point, is worth about $3 billion, according to Forbes.
His new waterfront home has seven bedrooms and nearly 14,000 square feet of living space, according to the listing. It features a home theater, a rooftop deck, a private boat dock, and separate guest quarters. Loeb bought the house from developer Peter Fine, per the Real Deal.
The waterfront home sits on North Bay Road, a coveted residential area that millionaires and celebrities. Luxury real-estate agent Nelson Gonzalez, who calls it "the Park Avenue of Miami Beach," told Insider in 2019 that he's sold homes on the road to the likes of Cher and Billy Joel. Last summer, Karlie Kloss and Joshua Kushner paid $23.5 million for a home on North Bay Road. At the end of December, supermodel Cindy Crawford and husband Rande Gerber paid $10 million for a teardown.
Jills Zeder Group, who brokered the deal, declined to comment or share any photos of the property.
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A spokesperson for Loeb's company, Third Point, also declined to comment.
Everyone is moving to Florida
South Florida has seen a flurry of real-estate activity during the pandemic, as politicians, celebrities, executives, and financial firms move to the Sunshine State.
Loeb's reported purchase, which is about a 15-minute drive from Indian Creek, is the latest sign of an apparent finance migration from New York to Florida.
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