Israeli-American businesswoman Sherry Arison sold her Babylon Harbor estate in Miami for $ 41.5 million. Arison, the daughter of the late businessman Ted Arison, sold the 850-square-foot estate located at 276 Babel Bay Drive, according to land records.
Arison is the richest woman in Israel according to Forbes magazine, with a fortune of $ 4.6 billion. It owns Arison Investments, and was previously the controlling owner of Bank Hapoalim. She also founded the Ted Arison Foundation. Her older brother, Mickey, is the chairman and CEO of Carnival and the owner of the Miami Heat basketball team. His net worth is estimated at $ 6.1 billion, according to Forbes.
The nine-bedroom, ten-bathroom mansion was put up for sale by Oren Alexander of Douglas Aliman. It has two floors and a guest house, a swimming pool, a boat dock and a 60-meter private beach. It was built in 1977 and expanded over the years. According to the documents, Arison owned the house with her ex-husband Ofer Glazer, until he transferred the sole ownership to her in 2007.
This is one of the most expensive residential real estate sales recorded in Babylon Harbor. Last summer, investor Joseph Embassy sold three nearby properties, including one with a private beach, for $ 54.9 million. WeWork founder Adam Neumann Sales of residential homes have begun to slow in Miami Dade County, where the estate is located, although trade is still at the high end of the price range.