The son of a Moroccan billionaire buys a 15 million villa in Miami

The son of a Moroccan billionaire buys a 15 million villa in Miami
The son of a Moroccan billionaire buys a 15 million villa in Miami

The vice-president of the cement group Ciments de l’Atlas-Ciments de l’Afrique based in Casablanca, Malik Sefrioui, 33 years old, son of Anas Sefrioui, real estate magnate, and now husband of Kenza Akhannouch, the daughter of head of the Moroccan government, acquired a seaside residence on Hibiscus Island in Miami Beach worth $15.375 million.

Malik Sefrioui now owns a house dating from 1930 located on the seafront on Hibiscus Island in Miami Beach. He acquired this residence from Paul Morelli, a jewelry designer whose high-end collections are offered at Mayors, Neiman, Marcus and Bergdorf Goodman. Realtors Danny Hertzberg of the Jills Zeder Group at Coldwell Banker represented the seller and David Solomon of Berkshire Hathaway HomeServices EWM Realty represented the buyer, says Miami Herald. The residence was sold in 2021 for $11.5 million. Its former owner Morelli thus makes a return on his purchase of 37%. The sale price of other buildings has also increased significantly in such a short time.

Read: The former castle of King Mohammed VI put up for sale at a high price

Located at 394 S. Hibiscus Dr, this home is spread over two floors. It includes six bedrooms, seven bathrooms, a swimming pool and a dock. Its seaside facade extends over thirty meters along Biscayne Bay, with a breathtaking view of Palm Island, the horizon and the Miami skyline. Malik Sefrioui intends to demolish this residence – last transformed and expanded in 2006 – to rebuild it like other houses on Hibiscus Island or sell it, sources close to the transaction say . The South Florida Planning Act of 2023 applicable to buildings threatened by sea level rise gives owners full rights to demolish them. Al Capone’s last residence in Palm and an Alfred Browning Parker gem in Coral Gables were demolished under this recent law.

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