Pollster Mark Penn and his wife, Nancy Jacobson, have purchased a waterfront mansion in Miami Beach for $17.5 million. The sale price represents a $5 million reduction from the property’s last listing.
According to public records, the couple acquired the home at 5785 Pine Tree Drive from Pinetree Holding Corporation, which is managed by Mohammad Eleyyan of Staten Island. Andrew Katz with Howard Chase Real Estate represented the buyers in the transaction, while Albert Justo and Mirce Curkoski with One Sotheby’s International Realty were responsible for the listing.
Mark Penn serves as chairman of Harris Poll, a partner in the Harvard CAPS/Harris Poll, and chairman and CEO of Stagwell. He has previously worked as an advisor to Bill and Hillary Clinton during their campaigns in both the 1990s and 2000s.
Eleyyan initially purchased the 0.3-acre property for $1.9 million in 2011. Since then, he developed an almost 11,000-square-foot mansion featuring eight bedrooms, six bathrooms, two half-bathrooms, a pool, a dock, and 79 feet of waterfront access. The home was completed in 2023 and sold fully furnished.
The mansion was first listed for $22.9 million in 2021 on Zillow before being increased to $24.9 million in 2022 and later reduced to $22.5 million last year.
This purchase follows other high-value transactions along Miami Beach’s sought-after waterfront streets. In December last year, billionaire Teddy Sagi bought a teardown on Pine Tree Drive for $23.8 million; Richard Schulze was linked to a $27 million acquisition on Venetian Islands; and Russell Weiner recently found a buyer for his North Bay Road property listed at $32.5 million while maintaining ownership of another estate on Pine Tree Drive.
