Billionaire Barry Diller and fashion designer wife Diane von Furstenberg pay ... trends now
Media mogul Barry Diller has become the latest billionaire to put down roots in Florida after splashing out on a waterfront plot of land in Miami Beach for an eyewatering $45million.
The senior executive and chairman of IAC, 82, and his fashion icon wife Diane von Furstenberg, 77, closed on the deal for the 1.5-acre lot last week, nearly two months after the property went under contract, insiders told DailyMail.com.
The empty lot is situated in an exclusive residential community on North Bay Road - overlooking Biscayne Bay - where fellow residents and neighbors include Bee Gees star Barry Gibb.
IAC chairman Barry Diller, 82 - who is married to fashion designer Diane von Furstenberg - closed on a $45million deal for a residential lot in Miami Beach last week, DailyMail.com can confirm
The 1.5-acre plot of land overlooks the Biscayne Bay and is situated on one of Miami Beach's most exclusive and affluent residential communities
The property was once the site of the Whitehall Mansion on North Bay Road, where fellow residents and neighbors include Bee Gees star Barry Gibb
In a deal brokered by Reid Heidenry and Marko Gojanovic of One Sotheby's International, Diller acquired the land from fellow businessman Bruce Beal Jr., who had owned the property since 2018, when it was still the site of the Whitehall Mansion.
The 13,600 square-foot home was later demolished after Beal purchased the property from two convicted tax evaders Mauricio Cohen Assor and his son, in 2018, according to The Real Deal.
Details of the Expedia Group chairman's development plans were not provided, but the acquisition of the residential lot suggests he could be planning to build his
