Private equity tycoon trades one Coconut Grove estate for another

Buyer Nathan Leight recently sold a waterfront Coconut Grove property for $48M

Private equity firm founder Nathan Leight bought a Coconut Grove estate for $16.9 million, about a mile away from another one he sold a few days earlier.

The Acme Real Estate Trust, linked to Leight, bought the property at 3892 Southwest Avenue from Greenleaf Investments LLC, records show. The selling entity is led by E. Roe Stamps IV, the co-founder and former managing director of Boston-based private equity and venture capital firm Summit Partners.

Leight is the founder and senior managing member of Terrapin Partners, a boutique management services firm based in Miami, according to its website. He founded the firm in 1998.

Leight and his wife, Elizabeth, recently sold a 2.2-acre Coconut Grove estate at 3500 and 3535 Curtis Lane for $48 million. The waterfront property is just a mile south of their latest purchase.

Records show the home they bought was built in 1927. Stamps’ entity had purchased the property for $6.1 million in 2001.

The 2.9-acre estate was first listed for $17.5 million in August. Dennis Carvajal with One Sotheby’s International Realty represented the seller, and Jorge Uribe of the same brokerage represented the buyer. Both agents declined to comment.

Records show the property contains two living units: a main house and a guest house. The main house has five bedrooms and four-and-a-half bathrooms, while the guest house has three bedrooms. The property also features a gym, pool and four-car garage.

Among other recent sales in Coconut Grove, a former co-president of law firm Greenberg Traurig sold her waterfront home for nearly $16 million, and Charlene Esserman sold her waterfront house for $15 million.

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Private equity tycoon trades one Coconut Grove estate for another

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