Manuel D. Medina, a tech entrepreneur in South Florida, is listing his sprawling condo unit on Fisher Island for $19.5 million Friday, Mansion Global has learned. Mr. Medina, 68, who immigrated from Cuba to the U.S. in 1965 at age 13, sold his Terremark data services company in 2012 to Verizon Communications for $1.4 billion. He subsequently founded investment firm Medina Capital and eMerge Americas, which provides B2B technology services throughout the U.S., Latin America and Europe.
“Given that my business is located in the Coral Gables area, I felt the need to be closer to our corporate headquarters as our technology companies have rapidly been expanding with this new norm we all have been adapting to in our work environment,” Mr. Medina said in a statement via the listing brokerage Douglas Elliman. “I love Fisher Island, but conveniently I also have a home located in the Coral Gables area which is where I plan to reside full time,“ he added.
Mr. Medina bought the unit at the nine-story condominium building on Fisher Island Drive in 2017 for an undisclosed amount, property records show. He then hired Miami-based design firm Ford Interiors to gut renovate the residence, which has 8,242 square feet of interior living space and 4,221 square feet of outdoor space. The house has five bedrooms, five-and-a-half bathrooms, a state-of-the-art kitchen, a gym and a game room. It features an ecosmart fireplace, a 1,500-bottle wine cellar, as well as limestone and light oak wood floors throughout, according to the listing with Cyril Matz of Douglas Elliman.
“The wraparound terrace offers beautiful, 180-degree views of the Government Cut [a channel between Fisher Island to Miami Beach], Miami Beach and the Ocean,” Mr. Matz said. “And you can just walk out to the steps to the pool and the beach.” Located on the ground floor, the residence almost feels like a single-family home, he said. Fisher Island is one of richest ZIP Codes in the U.S., offering private beaches, golf courses, 17 tennis courts and two deep-water marinas, Mr. Matz said.
Demand for luxury homes on the island has been very strong this year, “with a big wave of people coming from northeast,” he said, adding that he has already sold three homes above $10 million on Fisher Island so far this year.
Article source: Mansion Global