Billionaire Jon Oringer Buys A-Rod’s Former Trophy in Miami Beach for $42M

Billionaire Jon Oringer Buys A-Rod’s Former Trophy in Miami Beach for $42M

Published: May 18, 2021 | By: American Luxury Staff

Shutterstock founder Jon Oringer is the new owner of this imposing, complicated modern-style in Miami Beach. The tech guru paid $42 million for the property in October of last year, but the transaction was carried out quietly, according to The Real Deal, who revealed that the seller was Gold Coast Beverage Distributors founder Stephen Levin. The 2011 build was previously owned by Alex Rodriguez.

The home begins with a large pivoting front door that swings wide to reveal a living area; distinguished by wide-plank white oak floors, an unornamented style, and a transition from interior space to interior/exterior, the opening remarks of this house are a neat synopsis of the upper-tier South Florida living style at the present time.

Sliding and pocketing glass opens the home broadly to its outdoor living space, as well as an interior courtyard. In back, the transition and outdoor living areas constitute much of the home’s appeal, with 275 feet of frontage on Biscayne. An outdoor bar is positioned poolside for entertaining, converting the patio complex, covered outdoor space and lawns into a pavilion of sorts.

Amenities include a no-holds-barred contemporary kitchen—suitable for catering—as well as a gym with a steam room, a great room lit by two levels of glass panes, and a home theater.

Oringer founded Shutterstock in 2003. His net worth is north of $1 billion.

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