The DJ and social-media star Gianluca Vacchi has purchased a furnished waterfront Miami Beach home for $24.5 million, according to people with knowledge of the deal.
The recently completed house was priced at $27 million, according to the listing.
Instagram star Gianlucca Vacchi has purchased this Miami Beach home for $24.5 million.
Photo: Douglas EllimanThe sellers are developer Valerio Morabito of Morabito Properties and his wife, model Vita Sidorkina-Morabito. Mr. Morabito said the couple originally planned to live in the home, but changed their minds and listed it instead. “I’ve been pretty busy on two other projects right now that are very important for me, so I really wanted the money at work rather than sitting in a house,” said Mr. Morabito. He said Morabito Properties is working on a multifamily development in Bay Harbor Islands and a co-working space in Wynwood.
Gianluca Vacchi
Photo: Daniele Venturelli/Getty ImagesThe Sunset Islands house has roughly 150 feet of water frontage, the listing said. The teak, glass and stone house has seven bedrooms over approximately 12,700 square feet, plus a screening room and 7,400 of terrace space. The entry is framed by reflecting pools, and a roof terrace overlooks the 90-foot swimming pool and the ocean. Douglas Elliman agents Eloy Carmenate and Mick Duchon represented both the buyer and the seller.
A spokesman for Mr. Vacchi confirmed the purchase. The Italy-born Mr. Vacchi has over 16 million Instagram followers and is a shareholder in IMA GROUP, his family’s machine manufacturing company. In April he listed a 7,000-square-foot Miami Beach penthouse for $10.9 million.
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August 03, 2020 at 11:01PM
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Social-Media Star Pays $24.5 Million for Miami Beach Home - Wall Street Journal
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