Hedge fund manager Nick Maounis adds $32M lot to Miami Beach compound

Hedge fund manager Nick Maounis paid $31.5 million for his neighboring property on La Gorce Island, The Real Deal has learned.  Dennery LLC sold the 5,400-square-foot, four-bedroom, five-and-a-half-bathroom house at 84 La Gorce Circle in Miami Beach, according to property records and the listing. The deal closed on Thursday.  STRE Management, the seller’s representative, said in a statement to TRD that the sale was “effectively a land play” that achieved “one of the highest price-per-square-foot figures in Miami-Dade history” for land. The property traded for $1,575 per square foot. Another house on the street, at 68 La Gorce Circle, sold […]This article originally appeared on The Real Deal. Click here to read the full story.