If there’s one recent demonstrative indicator of the heated sales that have sent the luxury real estate markets of Florida beyond the boiling point, it’s this one: according to The New York Post, billionaire and Steel Partners Holdings founder and CEO Warren Lichtenstein quietly purchased restaurateur Myles Chefetz’s Miami Beach waterfront estate for $15.5 million.

The heavily renovated 1930s mansion hadn’t been listed when the offer was made. Chefetz had owned the home for near enough eight years on the nosey when he handed it off to Lichtenstein. According to public records, the Prime 112 owner picked up the place for $5.65 million in the early spring of 2013.

The 5,686 sq. ft. Mediterranean slash modern-style on Di Lido Island was built in 1936. The charmingly tropical pad features an exterior spiral staircase, black and white striped awnings, numerous balconies, and a tile roof. Floors throughout the six-bedroom, seven-bath house’s living areas are polished stone, and amenities include a billiards room.

Outside, the property boasts a small water feature, lawns, a pool, and a dock that can accommodate vessels up to 100 feet in length.

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