Magazine article Variety

Power Promoter Lists Island Retreat on Key Biscayne

Magazine article Variety

Power Promoter Lists Island Retreat on Key Biscayne

Article excerpt

Powerhouse concert promoter, theater impresario and former Live Nation chairman Michael Cohl has a waterfront compound just south of Miami Beach, on the low-key but high-priced island of Key Biscayne, available at an eye-popping price of $36 million. Property records indicate Cohl, founder of S2BN Entertainment and a producer of "Spider-Man: Turn Off the Dark," the most expensive Broadway musical ever mounted, purchased the compound in 1999 via corporate entity for almost $5.8 million.

Dubbed Buena Vista, the two-parcel property spans more than 1.5 acres with 700-plus-feet of water frontage that overlooks the unspoiled expanse of Bill Baggs Cape Florida State Park. The resort-style spread offers more than 12,500 square feet of casually luxurious living spaces, with nine bedrooms and more than 10 bathrooms divided among the main residence, the guesthouse and the Caribbean-style open-air cabana. There's also a 16-seat screening room and a fitness center.

Subtropically landscaped grounds incorporate a lagoon-style saltwater swimming pool and spa, a tree-shaded entertainment courtyard and an al fresco dining pavilion plus a sandy private beach, a tennis/ basketball court, two deepwater docks and enough open space to land a helicopter.

Connected to mainland Miami by the 5.5-mile-long Rickenbacker Causeway, Key Biscayne has long attracted titans of politics, industry and show business. Evan Metropoulos, who paid $100 million for the Playboy Mansion last year, was recently outed as the mysterious buyer who in early 2016 shelled out nearly $59 million for two estates that comprise more than seven acres, including a private yacht basin.

Sandy Gallin's Hamptons Home Still Available

When entertainment industry mandarin Sandy Gallin died at 76 after a long battle with cancer, he left behind a picturesque compound in East Hampton, N.Y., listed at $22.5 million. The talent manager extraordinaire-turned-ultra-high-end house-flipper acquired the property in the summer of 2011 for $5.1 million and spent more than a year on a comprehensive renovation and expansion before putting it back on the market in the fall of 2012 at $24.5 million.

The luxurious yet comfortable compound, on one of East Hampton's most prestigious and expensive streets, spans more than two acres, and is anchored by a shingled farmhouse-style residence of about 6,500 square feet done up in Gallin's signature style. …

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