Landmaxxing: CEO next door is buyer of $72M Miami Beach mansion
In yet another example of landmaxxing, the CEO next door to a waterfront Miami Beach mansion that sold for $72 million is the buyer of that property, The Real Deal has learned. Asher Raphael, CEO of Chester, Pennsylvania-based Power Home Remodeling, acquired the new two-story mansion at 2740 North Bay Road, sources told TRD. Russian businessman Ilya Karpov sold the property to a trust that conceals the identity of the buyer. Raphael started at Power Home Remodeling as a sales person in 2003, and now leads what the company says is the largest, full-service exterior home remodeler in the U.S., […]This article originally appeared on The Real Deal. Click here to read the full story.
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