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In the world of real estate there is no shortage of people who buy a property because it belonged to a celebrity celebrity, but this time it does not seem to be the case, because the home of the internationally known television presenter “Don Francisco It will be demolished so that a mansion can be built in the area residential area in which it is located.
The popular “Don Francisco”, host for many years of the program “Sábado Gigante”, sold his home in South Florida for $ 23.8 million, unveiled the real estate site The Real Deal.
According to information on the site, the buyers of the property were Spec home developer Todd Michael Glaser and his partners Scott Robins and Jonathan Fryd. The 7,236-square-foot building is located at 37 Indian Creek Island Road.
The new owners have in mind to demolish the three-bedroom beachfront house and build a luxury residence on the 1.2-acre property that could trade for more than double the purchase price.
For buyers, the acquisition is a good investment and apparently the interest has little to do with the fame of “Don Francisco”, whose real name is Mario Luis Kreutzberger Blumenfeld, who hosted the variety show “Sábado Gigante” for 53 years and which ended in 2015 and later returned to television with the Telemundo program, “Don Francisco Te Invita”.
Don Francisco’s house was built in 1987 and expanded over the years, but the plans will now be in the hands of the new builder.
The publication notes that Glaser and associates requested the services of architect Kobi Karp, to design a new mansion that could go on the market for a price in the range of $ 50 million and which is expected to be completed in December.
On the spot, Indian Creek, a gated and guarded island north of Miami Beach with its own police force, is home to celebrities including billionaire Carl Icahn, Julio Iglesias, Ivanka Trump, Jared Kushner, billionaire hedge financier, Eddie Lampert. and Hotels.com co-founder Bob Diener.
Recently Tom Brady, quarterback for the Tampa Bay Buccaneers, and supermodel Gisele Bündchen, paid $ 17 million for the lot at 26 Indian Creek Island Road, next to developer Jeffrey Soffer’s home.
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Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.