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Gabe Plotkin Miami beach property to become a personal sporting complex

According to sources, Gabe struck it rich in 2014 with about $925 million. Plotkin’s assets stand at $13 billion today.

Author:Iram Martins
Reviewer:Elisa Mueller
Aug 04, 2021
Late last year, The Real Deal revealed that Gabe Plotkinhad bought two adjacent beach properties in Miami. Gabe Plotkin is a US-based, self-made billionaire.
According to sources, Gabe struck it rich in 2014 with about $925 million. Plotkin’s assets stand at $13 billion today.
"I've known Gabe Plotkin since 2006, and he is an exceptional investor and leader," said Steve Cohen.
Gabe is also an investor in Charlotte's Hornets ownership group.Plotkin now joins the few millionaires and billionaires who've closed on high-end Miami properties recently. Some of his neighbors include Rande Gerber, Cindy Crawford, Dan Loeb (billionaire hedge fund manager), Josh Kushner, and Kalie Kloss. The billionaire co-owner of the Hornets alongside basketball legend, co-owner, and General Manager of the basketball club Michael Jordan paid 44 million dollars for luxury waterfront properties at 6342 and 6360 Northbay Road, Miami.
The Miami properties belonged to John Simonian, owner of Westime, a luxury watch store. John sold the mansion and an adjacent house in November 2020. However, details of the million-dollar transaction came into the limelight a week later. After all, development applications must reveal the owner of the property. So, the applications disclosed Gabe Plotkinas the owner of the Miami Beach properties.
According to property records, 6360 Northbay Road is a 12,641 square-foot mansion. It was built in 2018. The beach home comprises nine bedrooms, twelve full bathrooms, four half bathrooms, and a guesthouse. Besides, it also includes a dock (with about 114 feet of waterfront) plus a pool. The home sold for $32 million.
The other beach property at 6342 Northbay Road was built in 1935 on a 24,407 square-foot lot. The home comprises four bedrooms and four bathrooms. It sold for $12 million after being advertised as a teardown property.
Gabe's desire for a dream home has seen him apply for renovation approval from the Miami Beach Design Review Board. He intends to retain the 6360 Northbay Road property. However, plans are underway to have the older 6342 Northbay Road house knocked down. In its place, Plotkin intends to construct a mini-sports facility where the house stood including a lighted tennis court, playground, a half-sized basketball court, and a covered cabana. CFZ Design is overseeing the project.
CFZ Design is an award-winning full-service architecture office creating innovative architectural solutions that respond to their specific physical and cultural contexts and reflects a close collaborative relationship with each client. We are highly committed to creativity, innovation, growth and our communities. We design buildings, plan communities, create art and develop responsive, humane environments for all generations. Their professional services include, but are not limited to architecture, interior design, master planning, and rendering.
Some of CFZ’s current properties include Park Smiles Dentistry, the Village School of Naples, Urban Catalyst, the Bangkok Cultural Center, and the Programmatic Void.
Iram Martins

Iram Martins

Iram Martins is a seasoned travel writer and explorer with over a decade of experience in uncovering the world's hidden gems. Holding a Bachelor's degree in Tourism Management from the University of Lisbon, Iram's credentials highlight his authority in the realm of travel. As an author of numerous travel guides and articles for top travel publications, his writing is celebrated for its vivid descriptions and practical insights. Iram’s passion for cultural immersion and off-the-beaten-path adventures shines through in his work, captivating readers and inspiring wanderlust. Outside of his writing pursuits, Iram enjoys learning new languages, reviewing films and TV shows, writing about celebrity lifestyles, and attending cultural festivals.
Elisa Mueller

Elisa Mueller

Elisa Mueller, a Kansas City native, grew up surrounded by the wonders of books and movies, inspired by her parents' passion for education and film. She earned bachelor's degrees in English and Journalism from the University of Kansas before moving to New York City, where she spent a decade at Entertainment Weekly, visiting film sets worldwide. With over 8 years in the entertainment industry, Elisa is a seasoned journalist and media analyst, holding a degree in Journalism from NYU. Her insightful critiques have been featured in prestigious publications, cementing her reputation for accuracy and depth. Outside of work, she enjoys attending film festivals, painting, writing fiction, and studying numerology.
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