Former hedge fund manager Jim Pulaski bought a unit at Apogee in South Beach after selling his waterfront North Bay Road mansion.
The closing marks the first at Apogee in nearly two years, according to the co-listing brokerage. A number of sales are pending in the high-end building.
Property records show G Sofi Investments LLC, led by the Grindler family, sold the four-bedroom, 4,154-square-foot at 800 South Pointe Drive for $12.2 million.
Pulaski, who was previously a commodity trading portfolio manager at Tudor Investment Corp., paid a total of $14 million for unit 2004, according to the brokers involved in the sale. That price likely includes furniture and other fees.
The seller is led by Laurent, Jean Michel and Christine Grindler, according to state records. The Grindler family is a commercial real estate developer in France, according to published reports and Laurent’s LinkedIn profile.
The unit features a movie room, en suite bedrooms, a home automation system, storage and an air conditioned two-car garage, according to the listing. It was designed by French architect and interior designer Michel Gamard.
Techrin Hijazi of Brown Harris Stevens Miami and Mike Pagliccia of William Raveis were the listing agents. Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the buyer.
Hijazi said there was a bidding war for the unit, and at least six sales are pending in the building. Developers are also reporting an uptick in ultra high-end condo sales.
“There’s a shortage of homes,” Hijazi said, referring to waterfront properties in Miami Beach. “If you need to be in a condo, you want a condo that’s a large size.”
Pulaski sold his mansion at 2204 North Bay Road last month for $20 million, which included fixtures, furnishings and commissions.
The Apogee unit marks Pulaski’s second in the 22-story, 68-unit building. Records show Pulaski paid $7.3 million in 2019 for unit 1702. It has three bedrooms, three bathrooms and spans 2,756 square feet.
The Related Group developed the luxury condo building in 2008.
In early 2018, English actor Michael Caine and his wife, Shakira, sold unit 701 at Apogee for $7.5 million.