Daniel Petroni
Vivian Dimond isn’t wasting any time cashing in.
The Miami real-estate investor has put a sprawling oceanfront mansion in Palm Beach County, Florida back on the market for $79 million, just weeks after snagging it herself in a hush-hush deal.
Dimond, who bought the unfinished Manalapan estate in late July through her firm, Bayshore Grove Capital, is ready to turn a quick profit, according to the Wall Street Journal.
She swooped in after the previous owner, Nigerian energy tycoon Onajite Okoloko, lost the property when he couldn’t keep up with loan payments.
The house had been listed for as much as $115 million in the past, but struggled to sell.
Dimond told the Journal she wants the sale of the house to move fast, which is how she came up with the price point.
“Some brokers gave us an estimate to list it much higher, and I said no,” she said.
She didn’t say how much she paid for the estate, which she bought through a company tied to the property, avoiding a direct title transfer.
Court records show Okoloko’s company paid $12.4 million for the land in 2017.
His plans for the property hit a wall last year when lenders sued, accusing him of not making interest payments and failing to finish the house.
Now fully completed, the 20,000-square-foot contemporary home sits on 1.5 acres with stunning views of both the Atlantic Ocean and the Intracoastal Waterway.
The mansion features six bedrooms, massive indoor and outdoor pools, and a private dock for boats and jet skis.
“People are craving modern, contemporary homes with high ceilings, lots of glass, direct ocean views,” said listing agent Chris Leavitt of Douglas Elliman who holds the listing with colleague Toni Schrager of Brown Harris Stevens Miami. “There’s not a lot of that available.”
Dimond, who’s no stranger to tricky real-estate deals, previously brokered the sale of the site of the tragic Surfside condo collapse in Miami.
“We specialize in properties that have issues,” she said. “If it is a problem child, it comes to us.”
Manalapan, a posh town that’s been riding a luxury real-estate boom, is seeing big-ticket sales.
Tech mogul Larry Ellison made headlines last year when he dropped a record-setting $173 million on an estate in the same area. Dimond’s latest flip could be the next major deal in this high-flying market.