The owners of Pura Vida Miami paid nearly $ 7 million for a waterfront home in Miami Beach.
Property reports indicate that 5401 Pinetree LLC, led by hospitality mogul Keith Menin, sold the five-bedroom, six-and-a-half bedroom home on 5401 Pine Tree Drive to Omer and Jennifer Horev for $ 6.8 million. Menin, along with Mathew Papunen and Adam Singer, run the company that sold the property.
The Horevs own Pura Vida, a group of five restaurants in Miami, Miami Beach, and West Palm Beach. They also jointly own the recently opened Abba Telavivian Kitchen in South Beach with the chef and restaurateur Samuel Gorenstein.
The Horevs financed their purchase with a $ 5 million loan from JP Morgan Chase.
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The Menin-led LLC paid $ 4.2 million for the 0.3-acre property in 2018. The house was built in 1925 and expanded in the early 1980s. The property has 75 feet of waterfront along the Indian Creek Canal.
Court records show that a contractor filed a lawsuit in late 2019 to exclude a mechanic’s lien. The contractor, RETC Inc., claimed it owed about $ 15,000 in unpaid labor. The contractor and 5401 Pinetree LLC settled in August.
Menin renovated a number of homes in Miami Beach. A company led by the director of Menin Hospitality recently acquired Ticket Clinic founder Mark Gold’s former home in the Venetian Islands for $ 21 million and Cher’s former mansion on La Gorce Island for approximately $ 17 million.
Menin was also hired by venture capitalist Shervin Pishevar, an early investor in Uber and Airbnb, to renovate his Miami Beach mansion on 4647 Pine Tree Drive to list it for $ 35 million.
Contact Katherine Kallergis