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Spec mansion in Miami Beach sells for $13.88M - Land.Net News

A spec mansion along the water in Miami Beach sold to the manager of a local hedge fund.

Clara Home Allison LLC, managed by luxury homebuilder James Curnin of Bal Harbour, sold the 7,000-square-foot home at 6431 Allison Road for $13.88 million to 6431 Allison Road LLC, a Delaware-registered company. A source with knowledge of the deal said the buyer is Adam Wyden, the head of Miami-based hedge fund ADW Capital Partners.

The price equated to $1,983 per square foot.

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