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Melvin Capital Founder Revealed as Buyer of $44M Miami Beach Property - Land.Net News

Gabe Plotkin, who founded his multibillion-dollar investment management firm Melvin Capital Management, is the buyer of two adjacent properties in Miami Beach, The Real Deal has learned.

Plotkin paid $44 million for the waterfront homes at 6360 and 6342 North Bay Road, according to sources. Jean Simonian, who owns the watch store Westime, sold the mansion and adjacent house. The deal closed in late November and was recorded last week.

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