The Cypen family sold their longtime home on the Venetian Islands in Miami Beach for $11.8 million.
A trust in the name of the late Hazel Cypen, with Stephen H. Cypen, Bonnie Cypen Epstein and Wayne A. Cypen as trustees, sold the 6,433-square-foot home at 320 W. Dilido Drive to 320 Aqua LLC, managed by Philippe Harari, owner of local luxury homebuilder AquaBlue Group. The seller was represented Albert Justo and Miki Curkoski of One Sotheby’s International Realty. The listing highlighted the 21,000-square-foot waterfront location as a redevelopment site. The home was built in 1959.
“The Venetian Islands have always been a hot spot for waterfront buyers seeking beautiful views and a vibrant lifestyle,” Justo said. “The Cypen family is a prominent family in our community. Miki and I were honored to have been chosen to represent them in the sale.”
Hazel Cypen died in June 2020 at age 101. Her late husband was Judge Irving Cypen.
Stephen Cypen and Wayne Cypen are both attorneys in Miami.
Meanwhile, Harari was recently in the news for his purchase of the Miami Beach home of former Miami Heat star Chris Bosh. Given the flurry of big-dollar deals for mansions on the Venetian Islands, the latest buy could be a prime opportunity for Harari to build a luxury home.