A Delaware-registered company called EOS Wellness Real Estate Miami LLC made headlines in June 2025 when it purchased a prime Miami Beach property for $28.5 million—all cash. The buyer’s identity remains unknown. The firm acquired the former Office Depot building in Sunset Harbour, one of Miami Beach’s fastest-growing neighbourhoods.
The company paid $28.5 million for the 19,700-square-foot retail building at 1771 West Avenue, sparking speculation about what comes next for the waterfront property.
What This Article Covers
This article examines the EOS Wellness Real Estate Miami LLC transaction and what it reveals about Miami Beach’s real estate market. You’ll learn about the company’s purchase, the Sunset Harbour neighborhood, and why investors are betting big on this area.
Featured Snippet Box
EOS Wellness Real Estate Miami LLC is a Delaware-registered entity that purchased the former Office Depot building at 1771 West Avenue in Miami Beach for $28.5 million in June 2025. The buyer’s identity and development plans remain undisclosed. The all-cash transaction reflects growing investor interest in the Sunset Harbour neighborhood.
The $28.5 Million Deal That Raised Questions
EOS Wellness Real Estate Miami LLC bought the property from The George Jay II Limited Partnership. The transaction involved multiple brokers. Paul Snitkin of Anderson Carr represented the seller. Aaron Butler of Avenue Real Estate Partners and Jordan Karp worked with the buyer.
The purchase price translates to roughly $1,447 per square foot. That’s a premium rate for retail space. The site sits on 0.6 acres, giving the new owner room for potential redevelopment.
Transaction Details at a Glance
| Property Detail | Information |
|---|---|
| Address | 1771 West Avenue, Miami Beach |
| Sale Price | $28.5 million |
| Building Size | 19,700 square feet |
| Lot Size | 0.6 acres |
| Payment Method | All cash |
| Previous Use | Office Depot retail store |
| Seller | The George Jay II Limited Partnership |
The entity is registered in Delaware and purchased the site all cash, meaning no mortgage was recorded. This structure is common for investors who want to maintain privacy. Delaware offers favorable corporate laws and limited public disclosure requirements.
The lack of mortgage financing suggests strong backing. Cash buyers can move quickly and avoid lending complications. They also signal serious intent to developers and city planners.
Who’s Behind EOS Wellness Real Estate?
Nobody knows. The company structure keeps the actual investors hidden. It’s unclear who is the investor or firm behind EOS Wellness Real Estate Miami.
Delaware corporate structures allow this anonymity. Companies can list registered agents instead of beneficial owners. This approach is legal and widely used in commercial real estate.
Several theories exist about the buyer’s identity:
Wellness-focused developer: The “wellness” name suggests possible interest in health-related businesses. This could mean a fitness center, spa, medical offices, or wellness retail.
Private equity group: Large investment firms often use special-purpose entities for individual deals. The all-cash purchase fits this profile.
International investor: Miami attracts buyers from Latin America, Europe, and Asia. Foreign investors frequently use U.S.-based LLCs for property purchases.
Tech or hospitality company: The location near hotels and offices could appeal to corporate users seeking Miami Beach space.
The mystery deepens the intrigue. Real estate professionals watch these situations closely. The buyer’s next move will reveal their strategy.
Why Sunset Harbour Attracts Major Investment
Sunset Harbour, a neighborhood in South Beach fronting Biscayne Bay, has experienced some redevelopment in recent years. The area transformed from a quiet residential pocket into a dining and lifestyle destination.
The neighborhood sits between South Beach and the mainland. It offers bay views without the tourist crowds. Residents get walkable access to restaurants, gyms, and shops.
Much of this started with former Miami Beach Mayor Philip Levine and developer Scott Robins’ renovation and facelift of a roughly seven-building retail portfolio in Sunset Harbour that they sold for $68.8 million in 2018. That deal proved the area’s commercial viability.
Recent Development Activity
In April, Ronny Finvarb scored a $19 million construction loan for a five-story mixed-use project with two ground-floor restaurants and 12 condos at 1790 Alton Road. New projects keep coming.
One of the biggest recently completed Sunset Harbour projects is the Eighteen Sunset office building at 1759 Purdy Avenue. This Class A office space shows demand for premium workplace options.
Arkadia Property Group closed on acquisition of the gas station and car wash at 1840 Alton Road in September 2025. They plan a 40,000-square-foot office building called Sunset House.
The neighborhood draws health-conscious residents. Fitness studios line West Avenue. Farm-to-table restaurants attract diners. Yoga classes happen steps from the water.
Location Advantages
Sunset Harbour offers several competitive edges:
Bay access: The waterfront location provides views and marina opportunities. Biscayne Bay attracts boaters and water enthusiasts.
Walk score: Residents can reach most amenities on foot. This appeals to buyers tired of Miami traffic.
Central position: The neighborhood connects South Beach, Downtown Miami, and Miami Beach’s northern areas.
Lower density: Fewer high-rises mean less congestion than South Beach proper.
Quality infrastructure: New sidewalks, landscaping, and street improvements enhance the experience.
What Could Happen to the Property
The buyer hasn’t announced plans. Several scenarios make sense given the location and market trends.
Mixed-use development: The lot size could support a multi-story building. Ground-floor retail with offices or residences above follows Miami Beach patterns.
Wellness center: The company name hints at health-related uses. A comprehensive wellness facility could include:
- Fitness and training studios
- Medical offices and aesthetics clinics
- Spa and recovery services
- Healthy food options
- Wellness retail shops
Office space: Aaron pointed to the “clear demand” for new office space in the area, and the lack of available office space at Eighteen Sunset. Companies want Sunset Harbour addresses.
Boutique hotel: The neighborhood lacks lodging options. A small hotel with wellness amenities could fill this gap.
Specialty retail: Premium brands might want this corner location. The foot traffic supports upscale shopping.
Zoning will determine possibilities. Miami Beach has strict development rules. Height limits, parking requirements, and design standards all apply.
The buyer likely conducted extensive due diligence. Market studies would have examined:
- Traffic counts and visibility
- Competing properties and uses
- Demographic data on nearby residents
- Tourism patterns and hotel occupancy
- Retail sales in the area
- Office vacancy and rental rates
Miami Beach Real Estate Market Context
The EOS Wellness purchase reflects broader Miami Beach investment patterns. The city remains popular despite national real estate headwinds.
Miami Beach benefits from limited supply. The barrier island has little vacant land. New development requires redevelopment of existing sites.
Institutional investors see Miami as a safe haven. Political stability, no state income tax, and international connectivity drive capital inflows.
The 2025 market shows resilience. High-end properties continue selling. Commercial space maintains strong occupancy. Investors pursue value-add opportunities.
Key Market Indicators:
Cash purchases remain common. Buyers with liquidity avoid interest rate concerns. They also gain negotiating power.
Foreign investment stays active. Latin American buyers particularly favor Miami Beach. European and Asian capital also flows in.
Luxury segments outperform. Properties above $5 million sell faster than mid-range options. Wealthy buyers aren’t interest-rate sensitive.
Industry Expert Perspectives
Real estate professionals see strategic thinking in the EOS Wellness deal. The location offers multiple development paths.
David Aaron said in a statement that the neighborhood has “changed dramatically over the past 12 years”. This transformation creates opportunities.
Brokers note that cash buyers signal conviction. They’re not testing the market. They see clear value in the asset.
The wellness angle could be meaningful. Health-conscious consumers drive Miami Beach’s culture. Fitness, nutrition, and self-care businesses thrive here.
Developers watch comparable deals closely. The $1,447 per square foot price sets a benchmark. Future transactions will reference this sale.
Frequently Asked Questions
What is EOS Wellness Real Estate Miami LLC?
EOS Wellness Real Estate Miami LLC is a Delaware-registered entity that bought a Miami Beach retail building for $28.5 million. The buyer’s identity remains undisclosed.
Where is the property located?
The property sits at 1771 West Avenue in Miami Beach’s Sunset Harbour neighborhood. It’s a corner location near Biscayne Bay.
How large is the building?
The retail building measures 19,700 square feet on a 0.6-acre site. The lot size allows for potential redevelopment.
What was the property used for previously?
The building housed an Office Depot store. The office supply retailer operated there for many years before the sale.
Why is the buyer anonymous?
The entity is registered in Delaware, which allows privacy. Companies can shield beneficial owners through corporate structures.
The Bigger Picture for Miami Beach
The EOS Wellness purchase tells a story about Miami Beach’s evolution. The city attracts sophisticated capital seeking long-term value.
Sunset Harbour represents a new chapter. The neighborhood offers the Miami Beach lifestyle without South Beach intensity. It appeals to residents who want walkability, waterfront access, and quality dining.
Investors bet on continued growth. As more people discover the area, property values should rise. Successful developments encourage more investment.
The wellness angle deserves attention. Miami Beach positions itself as a health and fitness destination. Wealthy residents prioritize wellness services. A facility catering to this demographic could thrive.
The mystery buyer clearly sees opportunity. Their all-cash purchase and prime location choice suggest confidence. Whatever they build will shape the neighborhood’s future.
Looking Ahead
EOS Wellness Real Estate Miami LLC entered the Miami Beach market with intention. The $28.5 million investment shows serious commitment to Sunset Harbour.
The property’s future remains unwritten. Will it become a wellness destination? Office space? Mixed-use development? The answer will emerge as plans move forward.
One thing is certain: Sunset Harbour continues attracting major players. The neighborhood’s transformation isn’t finished. Each new project adds to the area’s appeal and validates investor confidence.
For Miami Beach, deals like this demonstrate enduring demand. Despite economic uncertainties, premium locations command premium prices. Buyers with vision and capital keep betting on the city’s future. The EOS Wellness purchase is just the latest example of Miami Beach’s magnetic pull on sophisticated real estate investors.
