Real Estate Investing,  Travel & Lifestyle

No wrinkles here? Allergan CEO buys Venetian Islands house

Brenton Saunders and his Venetian Island home

Brenton Saunders and his Venetian Island home

This purchase may have closed without a wrinkle.

Brenton Saunders, CEO of Botox maker Allergan, paid $10.75 million for a waterfront house on the Venetian Islands, The Real Deal has learned.

The modern home at 1142 North Venetian Drive in Miami was listed for $12.9 million. Built in 2014, the 6,685-square-foot house has six bedrooms and six bathrooms. The seller is Mark’s Home LLC, tied to John de Olazarra of Miami.

Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty had the listing. He confirmed the price and said it is the seventh home with a price topping $10 million that he has sold so far this year.

Reid Heidenry of One Sotheby’s International Realty brought the buyer, according to a source. Neither Gonzalez nor Heidenry would disclose the buyer, citing non-disclosure agreements. But a source with knowledge of the deal confirmed it was Saunders.

Saunders is no stranger to South Florida. In September, he and his wife Amy sold a waterfront six-bedroom, 7,522-square-foot house in Palm Beach Gardens for nearly $6.5 million. They paid $6.6 million for the home less than a year earlier.

Saunders is currently president, chairman and CEO of Allergan, and reportedly earned $32.8 million in 2017, according to Bloomberg. Along with Botox, Allergan manufacturers drugs like Restasis, CoolSculpting and Juvederm.

In June, biopharmaceutical group AbbVie agreed to acquire Allergan in a cash and stock deal that would value the company at about $63 billion, according to Allergan’s second quarter earnings report. Saunders will join the board when the deal closes in early 2020 and AbbVie’s current chairman and CEO will stay in that position.

The Venetian Islands home has wall-to-wall sliding glass doors that lead outdoors, a pool, rooftop deck with spa, summer kitchen and fire pits.

The post No wrinkles here? Allergan CEO buys Venetian Islands house appeared first on The Real Deal Miami.