Real Estate Developer Sells Miami Beach Estate for $4.6 Million
Bigwig real estate developer Richard Meruelo of Miami-based Merco Group and CEO of Los Angeles-based Meruelo-Maddux Properties has sold his property at 5745 Pinetree Drive in Miami Beach for $4.6 million. Meruelo and his wife, Maria, bought the 8,600 Mediterranean-style mansion and adjoining lot for $5.6 million in 2005.
Merco Group also built Akoya, at 6365 Collins Avenue in Miami Beach, and is in the process of developing NoBe Bay, at 6700 Indian Creek Drive in Miami Beach. Additionally, Merco owns the Deauville Hotel, 6700 Collins Avenue, and attempted to convert it to a condo-hotel in 2004.
Outside of Miami, Richard Meruelo has control over more total acreage in Los Angeles than almost any other landowner in the area with a total of more than 5 million square feet of land and 50 properties.
Related Articles
Major Food Group Is Taking Over the Former Tribeca Grill Space — Here’s What to Know
Major Food Group confirms plans to open a new Rich Torrisi-led American tavern and steakhouse at the former Tribeca Grill address, in 2027.
Nordstrom & adidas Launch Nationwide FIFA World Cup 2026 Retail Experience Across U.S. Host Cities
Nordstrom and adidas launch a nationwide FIFA World Cup 2026 retail experience across New York, Seattle, Miami, and more.
Celebrity Trainer Shuichi Take Launches V40, an Elite Fitness Coaching Platform for High-Performing Men
Celebrity trainer Shuichi Take launches V40, a personalized fitness coaching program designed for busy, high-performing men.
LoveShackFancy Leads Buckhead Village’s Big Year: Inside Atlanta’s Big Retail Boom
LoveShackFancy has opened its first Georgia store at Buckhead Village, a 2,100-square-foot space designed to look like a historic French townhouse—powder-pink and cream walls, intricate moldings, pale oak floors, brass rails, and fresh roses. Founded by Rebecca Hessel Cohen in 2013, the New York label built its following on a romantic, vintage-inspired look heavy on […]
Piccolo MORINI Returns to SoHo with Handmade Pasta, Signature Cocktails, and a Reinvented Legacy
Piccolo MORINI returns to SoHo with handcrafted pasta, martinis, and a vibrant new take on the iconic MORINI legacy.
Business Owner Strategy Summit: Helping Owners Unlock Value and Maximize Their Exit
BOSS Summit Miami brought business owners together to learn exit planning, tax strategies, wealth preservation, and M&A.
Latest Stories
Trending Articles
Related Articles
Major Food Group Is Taking Over the Former Tribeca Grill Space — Here’s What to Know
Major Food Group confirms plans to open a new Rich Torrisi-led American tavern and steakhouse at the former Tribeca Grill address, in 2027.
Nordstrom & adidas Launch Nationwide FIFA World Cup 2026 Retail Experience Across U.S. Host Cities
Nordstrom and adidas launch a nationwide FIFA World Cup 2026 retail experience across New York, Seattle, Miami, and more.
Celebrity Trainer Shuichi Take Launches V40, an Elite Fitness Coaching Platform for High-Performing Men
Celebrity trainer Shuichi Take launches V40, a personalized fitness coaching program designed for busy, high-performing men.
LoveShackFancy Leads Buckhead Village’s Big Year: Inside Atlanta’s Big Retail Boom
LoveShackFancy has opened its first Georgia store at Buckhead Village, a 2,100-square-foot space designed to look like a historic French townhouse—powder-pink and cream walls, intricate moldings, pale oak floors, brass rails, and fresh roses. Founded by Rebecca Hessel Cohen in 2013, the New York label built its following on a romantic, vintage-inspired look heavy on […]
Piccolo MORINI Returns to SoHo with Handmade Pasta, Signature Cocktails, and a Reinvented Legacy
Piccolo MORINI returns to SoHo with handcrafted pasta, martinis, and a vibrant new take on the iconic MORINI legacy.
Business Owner Strategy Summit: Helping Owners Unlock Value and Maximize Their Exit
BOSS Summit Miami brought business owners together to learn exit planning, tax strategies, wealth preservation, and M&A.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events