Fortune 500 CEO buys three-bedroom residence at Fendi Chateau in building’s first resale

Mark Block of The Keyes Company’s Block Team has completed an $8 million luxury condominium transaction in Surfside. Block represented the buyer in the first resale at the high-end Fendi Chateau Residences, which was completed in September 2016.

The buyer of three-bedroom, 4,660-square-foot Unit 706 at 9349 Collins Avenue is a Fortune 500 CEO. Nassau, Bahamas-based Chateau Ocean Unit 706 LLC is the seller. The transaction closed on Jan. 9.

Developed by Chateau Group, the beachfront Fendi Chateau Residences is the renowned Italian brand’s first luxury residential building in the world. The 12-story building features 58 residences with ocean, Intracoastal and city views. Amenities include multiple pools, a Jacuzzi, 12 private cabanas, a restaurant and bar, fitness center and a spa, kids’ club, private theater, private dining room, wine cellar and Shabbat elevators.

“This is another impressive luxury transaction for the Block Team,” said Mike Pappas, CEO of The Keyes Company. “The team brings a marketing expertise to its domestic and international clients and leverages the technology and tools available for the Keyes family to maximize results.”

The Block Team is led by husband and wife duo Mark and Zhanna Block. Mark Block utilizes his background as an international marketing executive to ensure each property gets the full exposure it needs and taps into a vast database of contacts to bring buyers from around the world. A native of Ukraine who speaks four languages and former Olympian with more than a decade of Miami real estate experience, Zhanna Block has tapped into her international background to become a consistent top producer.

“It is thrilling to be part of the first completed resale at the first Fendi-branded building,” said Mark Block, who has represented the buyer in other transactions. “This transaction shows that the ultra-luxury market in Miami remains strong, particularly along the coastline.”

Matias Alem of BRG International represented the seller.

About The Keyes Company: Independently-owned and operated since 1926, The Keyes Company is a leader in the real estate industry. Keyes completed a merger with Illustrated Properties in July 2016. Keyes has 58 offices, more than 3,000 associates and nearly $6 billion in annual real estate sales and services. Keyes’ offices are distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a Founding Member and Shareholder of Leading Real Estate Companies of the World^®. In addition to our Associates’ expertise, The Keyes Company offers a suite of resources to cover whatever needs arise while buying or selling your home. Your mortgage, title, insurance, and property management needs can all be managed in-house, allowing us to close your deal with speed and efficiency while giving you the opportunity to talk to a real person whenever you have a question.