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Real Estate

Power House Marina sold to Soffer.

Cashflow In Miami
November 7, 2022
13255 Biscayne Boulevard, North Miami
Power House Marina sold to Soffer.

Fontainebleau Development  run by Jeffrey Soffer picked up a North Miami marina for $10.1 million, more than $9 million above the property’s last sale price 27 years ago.

The seller, an entity led by David A. Marcus, purchased the 1-acre site for $912,500 in 1995. A nearly 10,000-square-foot, two-story building and 12 slips were completed in 1967, records show. The property also has a boat repair yard.

PowerHouse Marina has been in operation since 1980 and sits on a canal entering Biscayne Bay, according to the company’s website.

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