Teavana co-founder Andrew Mack paid $42.5 million for an ornate waterfront South Florida estate, a massive discount from the original $159 million asking price in 2015, The Real Deal has learned. Developer Robert Pereira sold Playa Vista Isle, previously called “Le Palais Royal,” to Oppornova LLC, a Delaware company, property records show. Concierge Auctions and Ralph Arias of One Sotheby’s International Realty represented the seller of the 60,000-square-foot mansion. The auction, which occurred in November, […]
source https://therealdeal.com/miami/2018/12/31/off-with-the-price-teavana-founder-buys-versailles-inspired-estate-at-huge-discount/#new_tab
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