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US Pop star Joel sells Miami mansion

Property Here - Thursday, June 13, 2013

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By Andrew Batt:

Pop star Billy Joel has sold his Miami Beach waterfront mansion for a reported US$13.75 million.

The 8,880 sqft luxury property on La Gorce Island features seven bathrooms, nine bathrooms, two kitchens and a four-car garage.

The sale, which was handled by Sotherby’s Real Estate, netted Joel just US$175,000 more than he paid for the property seven years ago. It was also US$1 million than the original asking price.

The new owner of the property is reported to be Italian billionaire shoe and handbag mogul Diego Della Valle, the founder of luxury leather goods brand Tods.

Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg