Rough.
First, co-Waterperson of the Year, owner of professional surfing, Dirk Ziff had to charter an airplane from Los Angeles to Newcastle, Australia filled with the world’s best, or best-adjacent, professional surfers. Then he had to secure a large room block at the local Ibis Budget, to sleep all of them for two weeks, also arranging enough Mrs Macs meat pies from the nearby Metro Petroleum station to feed them during that time.
And all while taking an over $100m bath on a South Florida ultra-luxury property.
It has NOT been a good few months.
The “15-acre ocean-to-lake compound” sold earlier this week for a reported $94m which would be very fine except it was listed 6-years ago for $200m.
According to The Real Deal, “The more than 30-bedroom estate connects via tunnels, including a furnished tunnel underneath South Ocean Boulevard that features a 15-foot-wide gallery. The property has a 12-bedroom main house, two four-bedroom beachside cottages, a seven-bedroom Mango House, a staff house and recreational amenities, including a swimming pool, golf area, tennis court and half-basketball court.”
No Kelly Slater’s Surf Ranch likely depressing the value.
It was owned by Ziff and his brothers Robert and Daniel, who inherited their fortune from their publishing magnate father. Daniel was listed as the manager on the entity that sold the property.
No Kelly Slater likely depressing the value.
Even though the ultra-luxury home market has been strong in South Florida with the arrival of Jared Kushner and his wife Ivanka Trump, the Ziffs could not capitalize.
Much like not being able to host naturally-socially distant surfing competitions in the time of Covid when they would have been the only live sporting events on television.
Rough.
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https://www.zillow.com/home…
Trivia fact: Daniel Ziff is Mark Hubbard’s brother in law. Cross reference Skateboarding/ Skateparks, if you don’t know who that is.
We let them into the skateboard world but it wasn’t for sale like the surf world.
I thought waves in the oceans were free?
Absolutely.
Nothin’ but Insta and Tik Tok.
Who’s the Co in Co waterperson?
Coco?
Coca Cola
How many people does the illuminati orgy room accommodate? Now that Epstein is out of the mix who do you contact in Miami for breeders?
I’m honestly pretty unhappy to think that BG could in fact be sold in some way to the WSL. I’m sure Derek and Charles are a bit bored of the site and want to cash out, but I smell an unhappy change for the rest of us.
Enjoy the now.
We’re just getting warmed up!
If you’re a business owner – any kind of business owner – always have your business listed for sale with a brokerage. I can’t begin to tell you of the many business owners I know who have hemmed and hawed intending to “someday” list their business for sale then lose the opportunity and the value plummets precipitously due to unforeseen and/or predictable natural events, market shifts, competitors, etc. I’ve seen it too many times before but most particularly now with Covid wiping out all value and/or market share of numerous previously successful businesses. You can list it at a seemingly overinflated asking price. You don’t have to accept any offers and can either wait until you find a buyer or keep the business. But for godsakes get it out there. You can always start another different or similar business with a reasonable and limited non-compete clause in the sales contract. Or you can just retire as a smug and rich bastard.
I feel bad now…
I know you’re a stickler for accuracy Chas, so just confirming they’re quarantining in Syd not Newy. If they were in Newcastle they would be quarantined in the WW1 medical facility at Fort Scratchley. Daily de-lousings and a firing of the naval gun every time one of them keels over and dies in a covid drizzled heap.
The WSL can’t do anything right, including quarantining in the city they should.
I’m waving to Gabby right now, he’s giving me the international hand signal for a blow job
Once again: https://www.youtube.com/watch?v=E8v0TXRTu4E
The WSL does a perfectly fine job of running and broadcasting the tour – they just got shafted by Covid like everyone else.
Covid is beginning to end. Disneyland is opening, etc.
The WSL will be back.
Just be glad the Ziffs didn’t bail out on it all.
You all should consider yourselves lucky the Ziffs swooped in and rescued pro surfing, or you would have one less thing to whine about impotently from the sidelines.
And here are some paragraphs with more accurate reporting on the sale of the estate – which is massive by the way.
So they sold for $94 million a property that was worth $19.6 million in 1999 which means the place increased $74 million in 22 years or $3.3 million a year.
If that’s taking a bath, then that’s a nice bath.
The 15.65-acre compound at 2000 S. Ocean Blvd. near the Boynton Beach Inlet was last listed at $115 million by Sotheby’s International Realty, although it had been marketed privately in early 2015 by other agencies for $195 million, the same price it had when it first entered the multiple listing service in 2016.
With dense vegetation, the former Ziff estate has about 1,200 feet of beach frontage and about 1,300 feet of waterfront on the irregularly shaped side facing the Intracoastal Waterway. The property lies a few blocks north of the Boynton Beach Inlet.
Together, the multiple buildings offer nearly 85,000 square feet of living space, inside and out, with 33 bedrooms, 34 bathrooms and 13 powder rooms.
In 1999, Ziff Jr. and his three sons, along with his second wife, Tamsen Ann Ziff, signed a $19.6 million deed transferring their ownership to a limited liability company. Records show Tamsen Ziff serves as vice president of that company, Ocean Boulevard Properties LLC.
https://www.palmbeachdailyn…
I’ve stayed at the Rydges on the harbor a couple of times.
It’s so satisfying watching the coal get loaded and on its way to the people who appreciate it
Ziff sells “15-acre ocean-to-lake compound” for money to afford Ellie Jean’s “15-stone ass-to-mouth content” on OnlyFans.
I always heard ATM machines were profitable?
Didn’t list what they actually paid for it, shit story with lack of research. How about asking your BFF ELO for the inside scoop next time Chester?
Uhhhh-
“sold earlier this week for a reported $94m which would be very fine except it was listed 6-years ago for $200m”
Doesn’t that qualify as listing “what they actually paid for it”? Pretty “shit” comment for lack of reading if you ask me.
Not necessarily though
They may have bought it 12 yrs ago for $50m, and then cheakily advertised for sale 6yrs ago at $200m just to ‘test the waters’ perhaps.
Chas doesn’t give us enough to go on in this regard.
Perhaps he should leave the RealestateGrit articles to Derek…
But then there would be no fun speculation!
read the article, maybe you need to go back to school to learn
You didn’t say if you meant what Ziff paid or what the new buyer paid fucktard. Makes it difficult to understand. Ziff paid about $21 mil in 1999.
“what they actually paid” sorry your pea brain can’t comprehend
“What they actually paid” was $94,173,300. Now, in 8th grade you will learn that in order to get a response consistent with your questions, you will need to ask a better question. MWA!
Story about Ziff brothers (WSL) leaving out the crucial info of the original price they paid, which I stated. Nobody asked you what you think you read in the “question” (statement) anyway. But thanks for clearing up they actually paid 21 mil 😉
He’s in quarantine so unavailable for comment.
ZOOM in it’s 2021
He’s mid-meat pie.
he’s full throatededly meat pied now by the cast of thunder down under
thunder sans-quarant-under
i’d love to take a bath in which i sold something for $94M
How many of those tunnels lead to Jeffery Epstein’s house?
As many as the JohnsKnee’d.
Not trying to encourage you two but gonna have to pay that one.
I was asking cause OttosBeenThere
Both on your game today
When do we start mocking the WSL and the “Best Surfers in the World” for subjecting themselves to the torture (and sheer stupidity) of a 14 day lockdown QT?
We should be throwing elected officials into wood chippers…not locking healthy young people into hotels.
4 last placings for 40k, 14 day day prison sentence in plush accommodations don’t sound too bad
Nope. Ain’t gonna do it.
And pre-pandemic I spent the majority of my time in hotel rooms.
Ziff is gonna be aghast at the bill he gets for SkinaMax Channels ordered. Ziff: “And what the fuck are these bills for viewing some butt plug licker!”
Is that why Italo always has the curtains closed in his room?
5 mins of exercise and twenty minutes of porn?
Why can’t it just be 25 min of an amalgamation of both?
Healthy young people should all be locked in hotels. It will give them a taste of what their twilight years will be like so they appreciate their youth.
You are a heartless bastard.
But I laughed.
The Ziff brothers walk the family’s recently sold Gemini estate one last time, reminiscing about the fun times the three, referring to themselves as the “Czech Stallions™” (even though they are just Jewish Germans), experienced there since the 1990s after Daddy Warbucks bought it.
“Hey, remember that first party we had here?” asks Daniel, who swooshed his arm in a sweeping motion as a take-it-all in reference to the swimming pool area right in front of them.
“Yeah, that was pretty wild. The massage tables set up under the canopies along the pool edge,” says Robert, pointing to the general vicinity of where these contraptions would have been set up.
“Hey, we no longer talk about that,” huffs the eldest Dirk brusquely.
“Oh, come on, no one knows. Those were fun times with Uncle Jeff. No one knows about those days… plus that was the night I lost my virginity! Oh to be 19!” cries Daniel.
“True. I guess we can give you that,” smirks Dirk.
The brothers stare at each other with looks of contented, smug agreement and then make their way down toward the beach, the Atlantic side. They sit on the beach and stare out into the ocean.
“I can’t believe we actually sold the place, like why did we have to?” asks Robert.
“Hey, I thought we all loved money. We knew we wanted to unload the place,” answers Dirk.
“I mean, just because you’re losing a ton of money on funding surfing…” starts Robert.
“You know that was for Tasha,” Dirk groans, ignoring the constant beeping from his phone from text messages he’s been receiving the whole time.
“Yeah, the things we do for love, I guess… yeah, we understand… but we didn’t get nearly what we wanted for it. I mean we took $100 million bath on it.”
“We overestimated, apparently how easily it could be moved, I guess… why do they say ‘taking a bath’ losing money? It’s so stupid. What is so negative about a bath? I mean, I love taking showers more, but, come on… I mean, I LOVE showers, all that hot water. MMMMMMM…” stammers Daniel, ever the poet.
The men get up and decide to walk towards the Mango house on the property. Several more text messages blow up Dirk’s phone.
“Who is that sending all those texts?! If it’s a woman, Jesus Christ, stay away!” Another text comes through. “Can you get it?!” yells Robert.
“It’s just Erik,” utters Dirk.
“That fucking Oprah nerd?” asks Robert and Daniel at the same time. They look at each other in amusement after realizing they said the exact same question.
“TWINS!” they exclaim.
“Yes. He won’t stop updating me on what is happening with the WSL flight and boarding shit. The guy’s a fucking retard… I don’t need these updates, that’s why I hired him!” Dirk wails.
“You might need to get someone else to do the job. He sounds too needy and stupid,” says Robert.
“Don’t worry, only a matter of time. We’ve got someone else lined up to take over, some Auss…” another text comes through.
“Ugh! I don’t care what Tati or Carissa are doing! UNLESS ONE OF THEM IS SHOVING SOMETHING UP THEIR ASS, I DON’T GIVE A SHIT!” shouts Dirk.
Robert and Daniel start to walk off, to give their brother some space. Dirk begins to type furiously.
“i dont need to know just tak carre of it. we can talk sometime tmmrw. turing off phone” reads his message sent to Erik.
He shuts off his phone and half-assedly jogs to catch up with his brothers…
That was a great story! I might have to search your soliloquys on all of the future upcoming posts. Very entertaining and well-thought out! 🙌🙌 😎
more importantly I am receiving pop up ads for Volvo and SUP equipment, can I blame beach grits penchant for real estate stories for the pigeon holing I am getting? or should I stop resisting and just go quietly to my doom.
Ha, I’m getting cannabis home delivery ads.
Well Charles, who bought it? Little Napoleon (ie, K3lly), Elo, The Orange Guy?? Inquiring minds want to know. And that should be part of your journalistic research. Wait, do you do any research? Derek, he needs help with this one.
“A deed had not been recorded as of Tuesday morning, so the buyer’s identity isn’t yet known.”
More to come as the story develops.
Wait thats supposed to be Chas’ job.
So rich they make money losing money.
Corpo to corpo transaction.
You’ll need to wait at the gate with TMZ to know for sure.
xx