Chronicling Miami's Transformation.

Saudi Prince Sheik Tarek Al Fassi Sells Miami Beach Mansion For $8.5 Million

Discussion in 'Miami Real Estate, Construction And Architecture' started by yellows2k, May 11, 2012.

  1. yellows2k Member

    Sheik Tarek Al Fassi, who's part of the Saudi royal family, recently sold his 10,271-square-foot Miami Beach mansion for $8.5 million. The buyer is Los Angeles developer Richard Meruelo.

    The Mediterranean home, which was built in 1929, is on 2.7 acres of land that also boasts a sports field, swimming pool, gym as well as basketball and tennis courts.

    The seller, Kenny Raymond, said it was the highest price paid for a home on Pinetree Drive. The home has 9 bedrooms, 8 baths and 180 feet of waterfront.



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  2. bigswinging Member

    Yeah, I see guys like this at South Beach clubs all the time - not sure if they are Saudi though.
  3. Afi K. James Member

    Middle eastern comes to miami.

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