Prime 112 restaurateur sells waterfront Venetian Islands home in off-market sale

Prime 112 restaurateur sells waterfront Venetian Islands home in off-market sale
Warren Lichtenstein, Myles Chefetz (right) and 714 West Di Lido Drive (Getty, Facebook, Douglas Elliman) via www.therealdeal.com

Myles Chefetz paid $5.6M for the house in 2013

Restaurateur Myles Chefetz wasn’t planning on selling his waterfront Miami Beach home when a billionaire buyer presented an unsolicited offer.

Chefetz, the owner of Miami Beach landmarks Prime 112, Big Pink, and other restaurants, said his Venetian Islands house wasn’t for sale. “But if there were a 12 [million] in front of [the price] that would get my attention,” he said.

“I countered at a high number, basically because I didn’t want to sell it,” Chefetz said. “The broker pushed me for a counter.”

He ended up selling the property to billionaire Warren Lichtenstein, founder and executive chairman of Steel Partners Holdings L.P., for $15.5 million. Chefetz paid just $5.6 million for the Mediterranean-style home in 2013, property records show. It was built in 1936 and expanded throughout the years.

Dina Goldentayer of Douglas Elliman brokered the off-market deal. She declined to comment on the buyer. The New York Post reported it was Lichtenstein.

By Katherine Kallergis for www.therealdeal.com
Read the full story: www.therealdeal.com

California Wine ID 1647008 1200 x 630

Zulma Torres

Read Previous

Cheers to Beer! Where to Celebrate National Beer Day

Read Next

The Patio at The Continuum to host award-winning Chef Michael White for the SOBEWFF®