Real Estate Honchos Sell Golden Beach Home For $6M

Marcel Safar and 407 Ocean Boulevard, Golden Beach (Lifestyle Production Group)

According to The Real Deal, two real estate honchos sold an oceanfront home in Golden Beach for $ 5.7 million.

407 Ocean LLC sold the property at 407 Ocean Boulevard to MJ Ocean LLC, a Florida company managed by Meir Elfassy.

The sales unit is led by Marcel Safar and Marie-Christine Solal. Safar is a founding partner of Chevron Partners, a Boston-based real estate development, investment, asset, and property management company, according to its website. Solal is a Miami-based executive director at Fulton, a real estate development company based in Paris, according to her LinkedIn.

Robert Burstein from Sotheby’s represented the sellers while Eli Eskenazi represented the buyers, along with Danielle Elfassy from One Sotheby’s International Realty and Jonathan Mann from Coldwell Banker Realty.

According to Danielle Elfassy, ​​Meir Elfassy is the former president of the outerwear brand Mackage and is now an investor.

Records indicate that Safar and Solal bought the house, built in 1941, for $ 4.7 million in 2017.

According to Eskenazi, the sellers originally wanted to demolish the house and build a new one, but decided against it.

Eskenazi declined to reveal the identity of the buyer. The buyers plan to sell the house with Eskenazis Artek Design Corp. remodel instead of tearing it down completely, Eskenazi said.

The 4,887-square-foot home has three bedrooms and two bathrooms, according to property records. It is located on approximately 0.3 hectares of land with direct access to the sea. Next door is a lot owned by billionaire real estate developer Ben Ashkenazy, who has been in the market since 2019.

Recently, the founder of a London-based hedge fund in Golden Beach sold a large oceanfront property for $ 24 million, and the co-founder of a real estate investment firm bought a waterfront for $ 5.3 million.

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