February 3, 2025
Amit Raizada, CEO of Spectrum Business Ventures Inc., has showcased his strategic vision in the Miami luxury real estate market with the successful listing of his waterfront spec home on Miami Beach’s prestigious Venetian Islands, which has now secured a buyer. This latest Amit Raizada real estate achievement demonstrates his continued success in the high-end property sector.
The property at 240 West Rivo Alto Drive in Miami Beach, developed by a company led by Raizada, has entered into contract, topping last week’s signed luxury contracts report in Miami-Dade County. The 7,129-square-foot house sits on a quarter-acre waterfront lot and features five bedrooms, five full bathrooms, and one half-bathroom. Douglas Elliman’s top agent Dina Goldentayer represents the property, which was listed on the market for nearly $21 million.
This significant Amit Raizada real estate transaction demonstrates his ability to identify and capitalize on high-value opportunities in premier locations. The Venetian Islands continue to be a hub for luxury real estate activity in Miami Beach, with several notable transactions in recent months.
The property was among fourteen luxury contracts marked in the Multiple Listing Service between January 27 and February 2, according to the Eklund-Gomes report which tracks listings of properties asking $4 million and up countywide. These contracts represent a total asking dollar volume of $112.2 million across seven single-family homes and seven condos.
Beyond real estate, Raizada is known for his diverse investment portfolio. He previously invested in the esports company Echo Fox and is the founder and CEO of Spectrum Business Ventures, showcasing his entrepreneurial expertise across multiple industries.
This pending sale reflects Spectrum Business Ventures’ continued success in identifying and developing premium assets, creating exceptional value through strategic vision and market expertise.
Source: The Real Deal
