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Crystal Lagoons founder nabs Bath Club villa for $7.5M

Crystal Lagoons founder nabs Bath Club villa for $7.5M
Villa comes with a private pool, elevator and a third-floor game room
November 23, 2015 09:45AMBy Katherine Kallergis

Bath Club and Fernando Fischmann (Credit: Fernando Meza Albornoz)

Biochemist and real estate developer Fernando Fischmann purchased an oceanfront villa at the Bath Club Residences in Miami Beach, county records show.
Fischmann, who’s known for creating the artificial lagoon system Crystal Lagoons, paid $7.5 million or $1,319 per square foot for unit 3006. Bath Club Villa 6, managed by Michael Konig, sold the 5,685-square-foot villa, according to a deed filed in Miami-Dade County on Monday.
Fischmann founded Crystal Lagoons, which uses a combination of disinfection pulses and ultrasonic filtration system. SoLē Mia, the planned 183-acre mixed-use project in North Miami, will have South Florida’s first patented lagoon. The Soffer-LeFrak joint venture will feature a 10-acre Crystal Lagoon, developers announced in October. He purchased the Bath Club villa through a Nassau, Bahamas-based LLC, Pamela Namaste LLC.
Fischmann’s new unit includes three bedrooms, five bathrooms and one half-bath, according to Miami-Dade property records. The detached villa comes with a private pool, elevator and a third-floor game room. It last sold for $5.5 million in 2008, and for $6.2 million when the property opened.
Nelson Gonzalez of Esslinger Wooten Maxwell was the listing agent, according to the MLS. It was listed for $7.9 million.
Located at 5959 Collins Avenue, the Residences at the Bath Club was developed by Don Peebles and completed in 2006. Peebles sold all 107 units and six oceanfront villas by the time it opened. He also had plans for the Bath Club Estates, at 6747 Collins Avenue, but ended up selling the development site to China City Construction Company and American Da Tang Group for $38.5 million in October.


Source: The Real Deal

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