Media mogul Barry Diller has become the latest billionaire to put down roots in Florida after investing in beachfront land in Miami Beach for a whopping $45 million.
The top executive and president of IAC, 82, and his fashion icon wife, Diane von Furstenberg, 77, closed the deal for the 1.5-acre lot last week, nearly two months after the property went into contract, insiders told DailyMail.com.
The vacant lot is situated in an exclusive residential community on North Bay Road, overlooking Biscayne Bay, where residents and neighbors include Bee Gees star Barry Gibb.
IAC president Barry Diller, 82, married to fashion designer Diane von Furstenberg, closed a $45 million deal for a residential lot in Miami Beach last week, DailyMail.com can confirm.
The 1.5-acre homesite overlooks Biscayne Bay and is situated in one of Miami Beach’s most exclusive and affluent residential communities.
The property was once the site of Whitehall Mansion on North Bay Road, where other residents and neighbors include Bee Gees star Barry Gibb.
In a deal brokered by Reid Heidenry and Marko Gojanovic of One of Sotheby’s InternationalDiller acquired the land from fellow businessman Bruce Beal Jr., who had owned the property since 2018, when it was still the site of the Whitehall Mansion.
The 13,600-square-foot home was later demolished after Beal purchased the property from two convicted tax evaders, Mauricio Cohen Assor and his son, in 2018, according to The royal agreement.
No details of the Expedia Group president’s development plans were provided, but the acquisition of the residential lot suggests he may be planning to build his dream home in South Florida with his wife, fashion designer Diane von Furstenberg.
The move, which adds to Diller’s already impressive real estate portfolio, has also earned the couple a spot on the growing list of wealthy celebrities, entrepreneurs and billionaires who have recently headed south to make Florida their home. .
The Sunshine State has become a popular destination for wealthy politicians and public figures in recent years, including the Trump family, Amazon founder Jeff Bezos and NFL star Tom Brady.
Diller and von Furstenberg, who have been married for 23 years, are also reported to own homes in Connecticut and New York City.
The vacant lot is still located within a gated community.
The details of Diller’s development plans are unclear, but the acquisition of the residential lot suggests he and his wife could be planning to build their dream home in South Florida.
Diane von Furstenberg and Barry Diller, who married in 2001, were spotted enjoying a cultural night out in New York City in early February of this year.
Diller owns a $200 million yacht, on which he and his wife were seen hosting celebrity guests last summer.
The two were also major financial backers of Little Island Park in Manhattan, which opened in 2021.
The couple also owns a $200 million yacht, on which they were seen hosting celebrity guests, including Emma Thompson, Diane Sawyer and Candice Bergen, among others, last summer.
Diller, one of the original co-founders of the Fox network along with Rupert Murdoch, who is said to be worth $4 billion, bought his 305-foot megayacht known as Eos in 2006.
The yacht was well known as the world’s largest luxury yacht until Amazon co-founder Jeff Bezos’ 500-foot Y271 megayacht, which reportedly cost $500 million.
Earlier this year, the couple was spotted enjoying a cultural night out in New York City, just days after their former sister-in-law, model and socialite Ira von Furstenberg, died at the age of 83.
The 77-year-old Belgian designer, who invented and popularized the wrap dress, was photographed leaving the Joyce Theater in late February with Barry, whom she married in 2001.
Diane posted two photos on Instagram from the following night, with the caption: ‘The joy and talent of New York!’