Key Takeaways
- • Hedge fund manager Nick Maounis, CEO of Verition Fund Management, purchased a neighboring half-acre property at 84 La Gorce Circle in Miami Beach for $31.5 million, closing on March 20, 2026.
- • The acquisition expands Maounis's La Gorce Island compound to 1.6 acres valued at a combined $106.5 million, following his $75 million purchase of the adjacent mansion at 88 La Gorce Circle in May 2025.
- • The property traded at $1,575 per square foot—described by the seller's representative as "a land play" achieving one of the highest price-per-square-foot figures in Miami-Dade County history for land.
- • The 5,400-square-foot, four-bedroom property represents a significant value appreciation since its last sale in 1982 for $500,000, underscoring demand among ultra-high-net-worth buyers for contiguous waterfront parcels in Miami Beach.
- • Maounis maintains a separate waterfront estate on Pine Tree Drive in Miami Beach, reflecting the concentration of high-end real estate holdings among prominent alternative asset managers in South Florida.
Summary
Hedge fund manager Nick Maounis has completed a $31.5 million acquisition of a neighboring property on La Gorce Island in Miami Beach, further consolidating his already substantial real estate footprint in one of Florida's most exclusive enclaves. The purchase of the half-acre parcel at 84 La Gorce Circle closed on March 20, 2026, and brings Maounis's contiguous La Gorce Island compound to approximately 1.6 acres with a combined valuation of $106.5 million.
This transaction builds on Maounis's earlier acquisition of the adjacent mansion at 88 La Gorce Circle, which he and his wife Susan purchased for $75 million in May 2025. That 21,700-square-foot, nine-bedroom property sits on one acre and was constructed in 2008 by developer Todd Michael Glaser. The couple had previously indicated plans to undertake a comprehensive gut renovation of the mansion.
The latest parcel represents a notable land value transaction. The property, a 5,400-square-foot, four-bedroom residence, traded at $1,575 per square foot—a metric that STRE Management, the seller's representative, characterized as achieving "one of the highest price-per-square-foot figures in Miami-Dade history" for land. The property had been listed for $39 million by Jonathan Alfonso of EXP Realty, while Maxwell E Realty's Ryan Mendell represented the buyer. The sale price reflects substantial appreciation from the property's last transaction in 1982, when it sold for $500,000.
Maounis, who serves as CEO of Verition Fund Management, also maintains a separate waterfront estate on Pine Tree Drive in Miami Beach. His acquisition activity underscores the sustained demand among ultra-high-net-worth individuals—particularly those in alternative asset management—for prime waterfront properties and the opportunity to consolidate adjoining parcels in Miami Beach's most coveted neighborhoods.
This transaction builds on Maounis's earlier acquisition of the adjacent mansion at 88 La Gorce Circle, which he and his wife Susan purchased for $75 million in May 2025. That 21,700-square-foot, nine-bedroom property sits on one acre and was constructed in 2008 by developer Todd Michael Glaser. The couple had previously indicated plans to undertake a comprehensive gut renovation of the mansion.
The latest parcel represents a notable land value transaction. The property, a 5,400-square-foot, four-bedroom residence, traded at $1,575 per square foot—a metric that STRE Management, the seller's representative, characterized as achieving "one of the highest price-per-square-foot figures in Miami-Dade history" for land. The property had been listed for $39 million by Jonathan Alfonso of EXP Realty, while Maxwell E Realty's Ryan Mendell represented the buyer. The sale price reflects substantial appreciation from the property's last transaction in 1982, when it sold for $500,000.
Maounis, who serves as CEO of Verition Fund Management, also maintains a separate waterfront estate on Pine Tree Drive in Miami Beach. His acquisition activity underscores the sustained demand among ultra-high-net-worth individuals—particularly those in alternative asset management—for prime waterfront properties and the opportunity to consolidate adjoining parcels in Miami Beach's most coveted neighborhoods.
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