Shark Tank Judge Expands Miami Beach Portfolio
Key Takeaways
- •Rohan Oza purchased a $34 million waterfront mansion on Sunset Island III.
- •The property marks Oza's third Miami Beach acquisition following $23.3 million in prior purchases.
- •Developers sold the newly built 6,200-square-foot home after paying $5.7 million for the lot in 2020.
Marketing executive Rohan Oza has completed his third luxury waterfront property purchase in Miami Beach, acquiring a newly constructed mansion on Sunset Island III for $34 million.
The beverage industry veteran, known for his investments in Poppi soda and Vita Coco, purchased the six-bedroom, eight-and-a-half-bathroom residence at 1745 West 24th Street through a controlled trust. The 6,200-square-foot home sits on a 0.3-acre lot and was completed this year.
Developers Federico Ayala and Francisco Perez Yoma sold the property through their LLC, having originally purchased the lot for $5.7 million in 2020. The sale represents a significant return on their development investment over the four-year period.
The contemporary residence features premium amenities including a rooftop deck, waterfront swimming pool, chef's kitchen, and custom millwork with stone finishes throughout. Danny Hertzberg of the Jills Zeder Group at Coldwell Banker represented the sellers, while Evan Weiss of 305 Degrees Realty handled the buyer's interests.
Oza's latest acquisition continues his strategic accumulation of premium Miami Beach real estate. In 2024, his trust paid $9.8 million for a property at 206 West San Marino Drive on the Venetian Islands, followed by a $13.5 million purchase of an adjacent property the previous year.
The marketing executive earned recognition as Hollywood's "Brandfather" through his role as chief marketing officer at Glaceau, parent company of Smartwater and Vitaminwater. That business sold to Coca-Cola for over $4 billion in 2007. During his appearance as a guest judge on "Shark Tank," Oza invested $400,000 in the company that became Poppi soda, which PepsiCo later acquired for nearly $2 billion.
The Sunset Islands neighborhood has experienced substantial property value appreciation, driven by its gated community status and proximity to Sunset Harbour. Recent comparable sales include investor Edmond Harbour's $34 million purchase of a neighboring teardown property, bringing his total investment in two adjacent waterfront lots to $60.5 million.
Other notable transactions in the area include a waterfront home sale for $25.4 million by an Alden Global Capital-linked company, representing a significant gain from their $9.5 million purchase price in 2021. The luxury enclave continues attracting high-net-worth individuals seeking exclusive waterfront living in South Florida.
