Antonio Sustiel and 266 South Coconut Lane (Credit: Facebook and Zillow)
A former owner of Jungle Island sold his Miami Beach home to the self-proclaimed Flooring King for $5.8 million, property records show.
Bernard and Mary Levine sold the six-bedroom, 5,441-square-foot house at 266 South Coconut Lane on Palm Island to Ofer Sustiel. The Levines provided the buyer a $5.4 million mortgage.
Sustiel, who was featured on CNBC’s “Blue Collar Millionaires: Dirty Stinkin’ Rich,” owns The Flooring King, which he has called one of the largest closeout liquidators of laminate wood flooring.
A company led by Bernard Levine sold Jungle Island to ESJ Capital Partners for $60 million in 2017.
The Levines paid $1.4 million for their Miami Beach house in 2000, according to property records. It was last on the market in 2017 for $8 million. The home, built in 1972 and later expanded, sits on a 14,000-square-foot lot with 100 feet of water frontage, a Brazilian Ipe dock, and boat lifts.
Earlier this year, Brazilian developer Leo Macedo listed his Palm Island mansion at 30 Palm Avenue for $29 million.
The post The Flooring King buys a new palace in Miami Beach 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/2019/11/18/the-flooring-king-buys-a-new-palace-in-miami-beach/
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