- Grant Cardone is selling the Florida beachfront mansion he bought from Tommy Hilfiger in 2021.
- The mansion is listed for 646 Bitcoin, equivalent to approximately $42.7 million.
- Cardone and his wife, Elena, originally purchased the property for $28 million.
- The couple renovated the exterior of the home, including the cabana, beach house, deck, and pool.
- Cardone prefers investing in Bitcoin and multi-family real estate over a single location.
Grant Cardone, a well-known real estate investor and author, has recently listed the beachfront mansion he bought from fashion designer Tommy Hilfiger in 2021.
The 10,275-square-foot property, located at 605 Ocean Blvd. in Golden Beach, Florida, is now up for sale, priced at 646 Bitcoin or roughly $42.7 million.
Cardone and his wife, Elena, originally acquired the mansion for $28 million. The couple undertook extensive renovations to the exterior of the home, including upgrades to the cabana, beach house, deck, and pool.
They also installed new ocean-side windows and doors, enhancing the property’s stunning views of the Atlantic Ocean.
Cardone’s Investment Strategy
In a recent post on X, formerly known as Twitter, Cardone explained his decision to sell the property.
He stated that he would rather own Bitcoin or more multi-family real estate than be invested in a single location.
This aligns with his long-standing investment strategy, which advocates for diversification and flexibility.
Cardone also revealed that when he and his wife purchased the mansion, they had a vision to improve its value for the next owner.
The couple’s renovations aimed to elevate the property’s appeal, taking advantage of its prime location in one of Miami’s most sought-after communities.
The Allure of Golden Beach
Golden Beach, where the mansion is situated, is becoming increasingly popular among high-net-worth individuals. The community boasts exclusive ocean and private beach access, making it a highly desirable location.
Cardone noted that one-third of the 65 oceanfront lots in Golden Beach are currently being redeveloped, indicating the area’s growing appeal.
The Cardone’s renovations to the property included expanding the exterior deck to approximately 5,000 square feet, creating a luxurious living environment reminiscent of a Four Seasons resort.
The deck now features seating for 36, a new pool, a cabana, a bar, and a beach house. The couple also extended the full deck to accommodate hundreds of guests easily, with a fixed table large enough to seat 20 people.
As Cardone prepares to move on from this impressive beachfront mansion, he remains focused on his core investment strategies.
By selling the property and reinvesting the proceeds into Bitcoin and multi-family real estate, he demonstrates his commitment to diversification and his belief in the potential of these assets.
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