A reader sent this link via email (which I take awhile to get to): George Junior’s put his Florida house up for sale for $29 million.
SELLER: George Lindemann Jr.
LOCATION: Sunset Island, Miami Beach, FL
SIZE: 11,388 square feet, 7 bedrooms, 7.5 bathrooms
DESCRIPTION: This historically significant waterfront property designed by Maurice Fatio encompasses 70,886 SF of land on which rests approx 11,388 SF breathtaking, Neoclassic home w/ a contemporary feel. The home sits on a tip lot on Sunset Island. From there, sweeping bay views & color-soaked sunsets provide a dazzling backdrop to this crown jewel, aptly named, La Tranquilla. AnOlympic-sized pool blends effortlessly into the verdant & well-manicured surroundings of this tropical haven spanning 1.63 acres.
George Lindemann, Sr., one of the United States’ wealthier citizens, made tens of millions developing the first permanent-wear soft contact lens and later made well over a billion bucks selling a nascent cellular technology concern to the Bell Atlantic Corporation. Currently, Mister Lindemann is chairman of the board, president and CEO of the Southern Union Company, the largest natural gas pipeline company in the United States. Mister Lindemann is said to own as much as 10% of that company and, additionally, a significant stake in Verizon and a whole mess of Spanish language radio stations too. The Lindemanns, George Senior and his wife Dr. Frayda Lindemann, are major philanthropists, patrons of the arts and regulars on the upper crust party and charity circuit in New York, Palm Beach and beyond. Together they have three adult children: Adam, Sloan and George Jr.
Now that we know who the primary players are in our little game of real estate what’s what, we’re going to present an admittedly incomplete run down of the very fancy residential real estate holdings and transactions of the Lindemann family because, let’s be honest, it’s always fun and exciting to whittle away an hour or two looking at and marveling over how wildly, filthy, stinking rich people live.
George Senior and Dr. Frayda, who happen to be besties with fallen financier Walter Noel and his well kept wife Monica, famously sold their ocean front mansion on Blossom Way in Palm Beach in June of 2008 for a heart stopping $68,500,000. The buyer is widely reported to be Venezuelan big living banker and polo pasha Victor Vargas. The elder Lindemanns, who are based in Greenwich, CT, decamped to a smaller but still huge ocean front mansion father north in Palm Beach, which they bought in September of 2008 for $23,500,000 and hired high class architect Peter Marino to work over.
Anyhoo, since at least mid 1980s, according to property records, theLindemann family seat has been a 9+ acre water front estate on Indian Field Road in Greenwich, CT. In addition a waterside swimming pool, tennis court, private beach, guest house and acres of lush landscaping, there is, according to property records, a very dignified 12,639 square foot, 12 bedroom Tudor-style mansion that would make a robber baron weep. As best as we can tell from peeping and poking around property records, the stately estate is now in the name of Sloan Lindemann, however we’re pretty sure it’s still occupied by the elder Lindemanns. Anyone? Bueller? Bueller?
Now then, let’s get to the man of the hour, George Lindemann Jr., whose unfortunate claim to fame is that in the late 1990s he did some time in the pokey after he was convicted of insurance fraud related to hiring some thug to electrocute one of his show horses in order to collect a quarter of a million clams in insurance money. After being sprung from the big house, Mister Lindemann re-created himself from a horseman into a philanthropist and voracious contemporary art collector based in Miami, FL. Thanks to Mimi MiamiBeach we’ve learned that the former felon has put his historic, art-filled Miami Beach mansion on the market with a toe curling $29,900,750 asking price. If that number doesn’t cause the children to bust out in a case of hives, maybe the bank account draining $210,269 in annual taxes and $15,000 per year homeowner association fees will.
Public property records on George Junior’s Sunset Island estate are a wee bit confusing and convoluted, as they often can be when dealing with billionaire families who have co-mingling financial interests in family businesses and trusts. According to one of our interwebsources, George Junior purchased the property through a trust in June of 2000 for $8,425,000. In 2004, the property was transferred from the trust directly to George Jr. and his mother Dr. Frayda. At some point between 2004 and 2008, George Senior and sister Sloan were added on the records and in early 2008 the property was again transferred from that group of Lindemanns directly to an eponymous trust controlled by George Junior.
Listing information shows the simply but meticulously manicured 1.63 acre lot claims 453 feet of water front and hosts a 1936 Neoclassical beauty designed by famed high society architect MauriceFatio. According to listing information, the sprawling single story concrete block stucco residence, called La Tranquilla, measures 11,388 square feet with 7 bedrooms and 7.5 poopers. At the front, an electronic gate opens to a large circular drive. The driveway leads around one side of the house to a small motor court and 3-car garage and on the other side, a path from the driveway leads around the house to the water where there is private dockage. A vast, piazza like patio stretches between the two wings at the back of the house and a rectangular, Olympic length swimming pool and spa extends from the back of the house towards the water.