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Sonny Kahn Purchases Golden Beach Oceanfront Property

Billionaire developer Sonny Kahn is now the proud owner of an oceanfront teardown located conveniently next to his Golden Beach digs. Kahn paid $14 million for the 42,750-square-foot property at 115 Ocean Boulevard.

The property was originally listed for $24.9 million, meaning it sold for a 44 percent discount off the asking price. Kahn is the co-founder of the development company Crescent Heights with his partners Russell Galbut and Bruce Menin. The company is well known in major market such as Los Angeles, Seattle and Chicago.

Among their existing projects is Wave, a mixed-use project located at 600 and 700 Alton Road. According to records, Kahn and his wife, Suzanne Passi Kahn, own the home next door at 105 Ocean Boulevard in Golden Beach. In addition, they own a waterfront mansion on North Bay Road. 

Golden Beach is home to many big names including Bruce Weber, Tommy Hilfiger and Mexican billionaire Carlos Slim.

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