Investor Edmond Harbour has purchased a waterfront home at 1821 West 27th Street on Miami Beach’s Sunset Islands for $34 million. The property, sold by Dr. Mark Jaffe and Patricia Jaffe, was marketed as a teardown and includes a 6,900-square-foot house built in 1940 on 0.6 acres with seven bedrooms, seven bathrooms, and 150 feet of waterfront.
The transaction was handled by John Sandberg of Compass, who had the listing, while Julian Johnston of the Corcoran Group represented the buyer. Johnston also assisted Harbour in acquiring the adjacent property at 1835 West 27th Street for $26.5 million last year.
Harbour’s purchases were made through his Florida entity Abode18 LLC. He is also linked to Adobe21 LLC and Metier Capital. In 2022, through Adobe21 LLC, he acquired another nearby waterfront home at 2121 Lake Avenue for $14.1 million.
The Jaffes originally bought the home at 1821 West 27th Street in 1989 for $1.2 million. The listing appeared on the market for $37.5 million in September and went under contract the next day.
In recent years, buying neighboring properties to assemble larger estates has become common among wealthy buyers in South Florida, as demand grows for expansive homes with luxury amenities similar to those found in condominiums.
Other notable transactions in the area include billionaire Patrick Dovigi’s $15 million purchase of an adjacent property to his existing Sunset Islands mansion, which he acquired for $27.5 million. Earlier this month, Alden Global Capital sold a waterfront home for $25.4 million after buying it for $9.5 million in 2021. In June, broker Oren Alexander sold his waterfront mansion on Sunset Islands for $51.5 million while awaiting trial on federal charges.
