Pollster Mark Penn and his wife, Nancy Jacobson, have purchased a waterfront mansion on Pine Tree Drive in Miami Beach for $17.5 million. The sale price is $5 million less than the property’s most recent listing.
According to public records, the seller was Pinetree Holding Corporation, managed by Mohammad Eleyyan of Staten Island. Andrew Katz from Howard Chase Real Estate represented the buyers, while Albert Justo and Mirce Curkoski with One Sotheby’s International Realty had the listing.
Penn serves as chairman of Harris Poll, is a partner in the Harvard CAPS/Harris Poll, and leads marketing firm Stagwell as chairman and CEO. He has also worked as an advisor to Bill and Hillary Clinton during their campaigns in the 1990s and 2000s.
Eleyyan acquired the 0.3-acre property in 2011 for $1.9 million. The nearly 11,000-square-foot home was completed in 2023 and includes eight bedrooms, six bathrooms, two half-bathrooms, a pool, a dock, and 79 feet of waterfront. The home was sold fully furnished.
The mansion was first listed at $22.9 million in 2021 before being raised to $24.9 million in 2022 and later reduced to $22.5 million last year.
This transaction is part of a series of high-value sales on Miami Beach’s waterfront streets. In December, billionaire Teddy Sagi bought a teardown on Pine Tree Drive for $23.8 million. In August, Richard Schulze, founder of Best Buy, was associated with a $27 million purchase on the Venetian Islands. On North Bay Road in Miami Beach, Russell Weiner—founder of Rockstar Energy—secured a buyer for his waterfront home that was listed at $32.5 million; Weiner also owns another estate on Pine Tree Drive and is currently involved in legal action against his general contractor over alleged construction defects.
