Anthony Hsieh, the founder of loanDepot, had a spendy start to 2022, and a mad posh to acquire South Florida residential real estate both down-to-earth and high-flying.
If the Miami Beach economy happened to be in dire health, Hsieh might well be the support capable of temporarily propping it up. In the first two weeks of January, the billionaire shook loose of nearly $20 million for a high-rise residence in the city, and another $30 million for an estate on Star Island, the ne plus ultra residential community in the state of Florida.
The high-rise unit is a penthouse residence in One Thousand Museum, the building that has become the de facto signature presence in the city skyline. Hsieh’s purchase in the Zaha Hadid-designed building contains five bedrooms and seven baths across 10,352 sq. ft. of interiors, and features stunning eagle’s eye views of Biscayne Bay.
The Star Island estate is a nine-bedroom property anchored by a renovated 1961-built modern and a companion guest house. A long, circular drive through lush landscaping is the prologue to the living style, occupying about a third or better of the .92 acre lot.
The home’s interiors are bright, relaxed and quite warm. Ornament is kept at a minimum, allowing the setting to take top billing; there’s a great deal of bright white paint at work, and a great deal of glass as well, which bring the intense greens of the tropical setting and the blue of Biscayne into the various living spaces as décor.
Highlights among the individual rooms: the kitchen, which features a breakfast nook with a built-in L-shaped bench seat, and the master bedroom, which opens to a covered balcony overlooking the pool, lawn, and dock.
Hsieh’s purchases appear to be purely investments—at least for now; the One Thousand Museum Penthouse and the Star Island compound are both seeking qualified tenants. The former is listed at $130,000/month, the latter at $150,000/month.
Hsieh’s net worth is estimated by Forbes at $2.6 billion.