Paulo Bacchi with 222 South Coconut Lane (MLS)
Paulo Bacchi, owner of luxury furniture and staging company Artefacto, bought a waterfront home in Miami Beach for $ 5.3 million, The Real Deal has learned.
Bacchi acquired the 3,686-square-foot five-bedroom home at 222 South Coconut Lane on Palm Island, Bacchi said. Ownership records show that the seller is a trust company managed by attorney Brian Kopelowitz. Anthony and Jessica Burns transferred ownership of the house to this trust last year.
The house was built in 1927 on a 7,000 square meter lot and has a 15 meter long waterfront. It includes an office and three and a half bathrooms, as listed. Bacchi plans to live in the house with his family. He said he would modernize the house in the Tuscan villa style.
Dora Puig from Luxe Living Realty represented buyers and sellers.
Bacchi’s company has been successful in the brokerage and sale of furnished homes across South Florida. The company that Bacchi’s father founded in Brazil in 1976 recently opened a 40,000-square-foot showroom and headquarters in Coral Gables. Artefacto developed the new building on 101 South Dixie Highway, which was designed by Domo Architecture + Design.
Bacchi took over the management of Artefacto in 2015. Artefacto also has locations in Aventura and Doral. The company worked with architect Kobi Karp and specification house developer Todd Michael Glaser for the specification house at 375 North Hibiscus Drive in Miami Beach, which is asking for $ 24 million.
Last year, Bacchi sold a unit on Fisher Island for $ 6.8 million.
Waterfront home sales have been brisk across Miami Beach. Nearby on Palm Island, venture capital investor Ben Ling and his partner, front-end web developer Chris Coudron, paid $ 29.5 million for the waterfront mansion at 135 Palm Avenue in September, and in August, former world boxing champion bought Floyd Mayweather Jr. bought a mansion on the same street as Bacchi for $ 18 million.
Contact Katherine Kallergis
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