Howard Schultz, the former chief executive officer of Starbucks, purchased a penthouse at the Four Seasons Residences at the Surf Club for $44 million, according to a March 11 report. Schultz announced on LinkedIn that he and his wife, Sheri Kersch Schultz, have moved from Seattle to Miami for what he described as their “next adventure together.” The Wall Street Journal was the first to report on the transaction.
The couple acquired penthouse 6 in the north tower of the luxury condominium and hotel development located at 9111 Collins Avenue in Surfside. The residence spans 5,500 square feet with four bedrooms and seven bathrooms, and features a rooftop terrace measuring approximately 4,100 square feet. The property was listed by Ximena Penuela’s Fort Realty, which serves as the developer’s in-house sales firm. Liz Hogan of Compass represented Schultz in the purchase.
Stockbridge Holdings, based in Fort Lauderdale, sold the unit after acquiring it for $18 million in 2018, according to property records. The Surf Club has become known for attracting high-profile buyers including celebrities and financiers.
Other recent notable transactions at the Surf Club include AI platform founder Daniel Nadler’s purchase of a fully furnished penthouse for $38.2 million last year. More broadly, South Florida has seen an influx of billionaire homebuyers in recent months. Some are reportedly motivated by proposed wealth taxes in California.
Google co-founder Larry Page bought three homes in Coconut Grove for a combined $188 million between December and January. In March, Sergey Brin—also a Google co-founder—purchased LVMH CEO Michael Burke’s waterfront Allison Island home for $51 million. Additionally this month, Facebook founder Mark Zuckerberg and his wife Priscilla Chan closed on an under-construction Indian Creek estate for $170 million—the highest price ever paid for a home in Miami-Dade County.
