‘Siesta Key’ billionaire loses $2M on Miami home sale

Vegan entrepreneur and billionaire Scripps heir Sam Logan has taken a $2 cardinal deed connected nan waste of his Miami Beach home. 

The stunning modern residence, which comes pinch its ain dock, conscionable sold for $11 million, Gimme tin reveal. Logan, 33, bought nan location for $13 cardinal successful an all-cash woody a small complete a twelvemonth ago. Known arsenic Villa Una, it was featured successful Season 5 of nan MTV reality show “Siesta Key.” 

The MTV bid followed a group of young adults connected Florida’s Gulf Coast, pinch immoderate of nan cast, including Logan, moving to Miami for nan 5th season. In a frightening incident, Logan and his friends were robbed astatine gunpoint successful nan location — aft an royal nighttime retired successful Magic City

The new-construction, 5,600-square-foot villa, astatine 1485 Cleveland Road, was designed by Kobi Karp Architecture and Interior Design. Its six bedrooms and 6½ bathrooms are perched connected Biscayne Bay, pinch h2o views from each room. 

Inside, there’s an unfastened chef’s kitchen, an elevator, a family room, a media room and a location office/den. 
The 1,000-square-foot main chamber comes pinch an oversized closet. 

Details see civilization millwork doors, French achromatic oak floors and 11-foot ceilings. The two-car car shed includes a Tesla charger.

Logan, done his mother, is an heir to and portion proprietor of Scripps Network Interactive, a TV institution that sold its networks — including HGTV, Food Network, Travel Channel and DIY Network — to Discovery successful 2017 for $14.6 billion, according to reports. 

His begetter is simply a successful luxury building developer, while Logan has founded respective companies himself, including Kuma Cannabis, Concierge Automotive Services and Fauxcus, a luxury vegan outerwear company. 

The listing agents for nan waste were Jordan Karp and Douglas Elliman’s Pier Paolo Visconti and Claudia Maria Llanes. Brokers Joel Lusky and Alex Knips, of nan Brokerage South Florida, repped nan buyer.