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Former Home of Pablo Escobar on Miami Beach May Still Yield Riches

Post on April 17, 2015 by The Victoria Law Group 0 Comments

This seems like the best kind of “deep sea” exhibition there is.  You buy a nice, old house on the beach, and discover there is $10M in cash buried beneath it.  That’s the hope of the new homeowner anyway.

The Miami Beach mansion once owned by Colombian drug lord Pablo Escobar is set to be demolished. 

The current owner, Christian de Berdouare says that the house will be torn down this week to make way for a new mansion.

De Berdouare founded the Chicken Kitchen fast-food chain. He said he’s not sure if he and his wife will live in the new home or try to sell it.

The current mansion, built in 1948, sits on a 7,336-square-foot plot with 150 feet of frontage on Biscayne Bay. Miami-Dade County records show that Escobar bought the property in March 1980 for $762,500. U.S. authorities seized the mansion in 1987, along with $20 million. Escobar was killed in a shootout with Colombian authorities in 1993. 

“If these walls could talk”, oh the stories they’d tell.

Read (Sergio Candido) Miami Herald article here:

http://pbpo.st/1ZHI9Pz

Presented by Miami Business Attorney

Filed Under: Latin America