UPDATE: For 25% less than original price, Matt Damon finally sells Miami compound where he started his family

UPDATE: For 25% less than original price, Matt Damon finally sells Miami compound where he started his family

[Editor's note, December 22, 2014: We've updated this post to reflect a few more details of the sale, including the price that the property went for.]

It took almost two years, but actor Matt Damon has at last sold his double-lot property on Biscayne Bay in Miami Beach -- for about 25 percent than his original asking price.

Damon has initially sought $20 million for the property; it sold for $15,375,000, according to the South Florida Business Journal.

The buyer: mortgage mogul Patrick Markert, the Wall Street Journal reported. Concurrently, Markert sold three linked high-rise condos for $27.5 million; he wanted a single-family home like Damon's to raise his family, the paper said.

It seems to be a good place for that: Damon started his own family there. He met his future wife, a bartender named Luciana Bozan Barroso, while filming in Miami in 2003. He bought the Miami property, known as Maravilla, in April 2005, and in September of that year he and Barroso became engaged. In December 2005 they wed, and they welcomed the first of their three daughters, Isabella, in June 2006.

In 2012, Damon bought a house just down the street from his best friend, Ben Affleck, in coastal Southern California. He listed Maravilla in April 2013 for $20 million. In November of last year, he cut the price by $1,001,000, to $18,999,000.

Though Markert, CEO of AmeriSave Mortgage, paid $4,625,000 less than Damon originally wanted, the South Florida Business Journal puts that in context: "Most people who bought a South Florida home near the peak of the market in 2005 still haven't broken even." The sale price was a bit more than Damon paid (a combined $14.5 million, uniting two parcels to create the compound).

Markert did not use a mortgage to buy the property, the South Florida Business Journal said, noting as well that Markert personally had to pay a federal fine of $1.5 million a few months ago "for engaging in a deceptive bait-and-switch mortgage-lending scheme that harmed tens of thousands of consumers."

The five-bedroom main house was built in 1935. The compound also has a two-bedroom guest house and a pool house.

CLICK ANY PHOTO FOR A SLIDESHOW.
CLICK ANY PHOTO FOR A SLIDESHOW.

Locals speculate that the property is a teardown, bought for the unusually large lot. A mansion of nearly 22,000 square feet is apparently allowable, compared with current square footage of just 12,705.

"The property located at 6020 North Bay Road has great potential, a fact that I am sure would not be overlooked by buyers in this price range," wrote local real estate agent and blogger Lucas Lechuga.

Click here or on a photo for a slideshow of Maravilla, the estate that Matt Damon just sold in Miami.

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