By: Serach Nissim

Real estate mogul Alex Sapir has put his waterfront Miami home up for sale.

As reported by the NY Post, the home, at 126 and 206 W. San Marino Dr. on the Venetian Islands, is asking $54 million.  The property includes an extra 0.6 acres of land with 150 feet on the water overlooking the downtown Miami skyline.  The 12,161 square foot home, built in 2018, served as the main residence for Sapir, but it is now up for sale amidst a divorce from his wife Yanina.

The main house boasts an open floor plan, a media room, an eat-in chef’s kitchen, a family room, an office, a library, a home theater, a winecellar and a bar.  Design features include floor-to-ceiling windows, 10-foot Telescopic Doors by Fleetwood providing seamless indoor and outdoor living, and top of the line Stainless Steel Miele Appliances. There is also lavish outdoor space for entertaining including a gazebo, a tropical outdoor pool, a spa, a cabana bath, a summer kitchen, and also a dock which is expandable. “It’s a trophy property with the ultimate postcard of downtown Miami’s skyline on the Biscayne Bay, with the added benefit that you can expand your compound with the adjacent lot in the best location on the Venetian Islands,” said listing broker Dora Puig of Luxe Living Realty.

Sapir is the son of the late Soviet-era billionaire Tamir Sapir, born to a Jewish family in Tbilisi, Georgia, with the original name Temur Sepiashvili.  He had immigrated to Israel with his wife in 1973, and originally made his fortune trading oil and fertilizers with the Soviet Union during the 1980s, per Wikipedia.  He founded the Sapir Organization, a real estate investment firm based in New York City.   In 2002 he had became a billionaire, and in 2007 his net worth had peaked at $2 billion, per Forbes.  Since 2018, the younger Sapir has been chairman at Sapir Corp LTD, which is a publicly traded Israeli investment company.

Sapir is also selling out Arte, his record-breaking über-luxury oceanfront tower designed by Italian architect Antonio Citterio in Surfside, Florida.  The ultra-posh condo building, at 8955 Collins Avenue, has boasted well-known residents including Ivanka Trump and Jared Kushner, who had rented there while doing construction on their nearby mansion.   The oceanfront building offers 16 exclusive luxury apartments. The Mediterranean style building offers first-class services and amenities, breathtaking ocean views, open floor plans, floor-to-ceiling glass wall systems and private terraces.  Building amenities include a concierge, security, a gym, meditation pond, spa, and tennis courts on the roof.  In 2020, a penthouse at the building had sold for $33 million.  The six-bedroom duplex, which Ivanka and Jared had rented offered close to 7,000 square feet and included over 1,480 square feet of private wraparound terraces with Brazilian ipe decking.  After they vacated the home, it hit the market in 2023, asking $18.8 million, as per the Post.

Tamir Sapir and his then-partner, Sam Kislin, had a long-standing relationship with Donald Trump, reportedly lending to the former president to help him get started, prior to the construction of Trump Tower in New York. Per the Post, the Sapirs also helped fund Trump Soho. In fact, they are still family friends, and Alex and his then-brother-in-law Rotem Rosen (CEO of Africa Israel USA), had reportedly traveled with Mr. Trump on his trip to Moscow in 2013.