After selling their Richmond Hotel in Miami Beach, this couple bought a new house

Patti and Allan Herbert with 4845 Southwest 78th Street (Credit: University of Miami and Redfin)

Miami philanthropists and former hotel owners Patti and Allan Herbert paid $6 million for a mansion near Coral Gables.

The Herberts, who have donated more than $100 million to the University of Miami, closed on the home at 4845 Southwest 78th Street, according to property records. Daniel Toccin, a real estate agent with Compass, and his wife, Ferne Toccin, sold the 9,494-square-foot, seven-bedroom home. Ferne is the daughter of the late Donald Jacobson, a real estate executive.

In August, the Herberts sold their Richmond Hotel in Miami Beach to Shvo’s New York-based SHVO, Bilgili Holdings and Deutsche Finance America for $87.85 million.

Allan Herbert is a past president of Financial Indemnity, an auto insurance subsidiary of Unitrin, while Patti previously worked for Grubb & Ellis, a commercial real estate firm, according to the Miami Herald.

Records show the Toccins paid $3 million for the home in 2004, the year it was completed. The house, with marble floors, crown moldings and hand-forged railings, sits on a 1-acre lot in the Ponce Davis neighborhood of Miami. The property also features a pool, home theater, three-car garage, master suite and a library.

Liz Hogan and Daniel Toccin of Compass were the listing agents, while Jose Luis Pere, also with Compass, brought the buyers, according to Redfin.

The post After selling their Richmond Hotel in Miami Beach, this couple bought a new house appeared first on The Real Deal Miami.

from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2019/10/21/after-selling-their-richmond-hotel-in-miami-beach-this-couple-bought-a-new-house/
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