Singer Billy Joel has finally found a potential buyer for his Miami Beach house, more than a year after putting it on the market!
Realtor Jorge Uribe, who has the listing for the singer of Allentown‘s $14.75 million mansion, confirmed to Gossip Extra that the 9,000-square-foot crib is under contract but declined to identify the buyer or the price.
“Bill’s house is under contract for at least another two weeks,” Uribe said. “Until then, we can’t give out any details.”
Speculation, meanwhile, is that the would-be buyer is Italian billionaire Diego Della Valle, CEO of the shoe- and purse-maker Tod’s. Della Valle was last ranked 935th on the Forbes list of the world’s richest. He has $1.55 billion to his name.
As for the purchase price, you can assume it’s pretty close to the asking price: South Florida’s hyper-luxury market is heating up big time; And Joel has been stubborn about the price, refusing to lower it.
Still, since he bought the place in 2006 for $13.5 million, he’ll lose a few hundred thousand on the crib when all is said and done.