President Trump's pick for under secretary of state for growth, energy, and the environment, Jacob Helberg, has listed his Miami Beach mansion for sale at $65 million in anticipation of his move to the nation's capital. The listing, which the Wall Street Journal reported, has been home to Helberg and his husband, Keith Rabois since 2020, and they stand to make a solid profit on the property if they fetch their asking price.
According to the Journal, Helberg and Rabois paid $20 million for the property in the Venetian Islands section of Miami Beach. The listing agent for the property, Julian Johnston of the Corcoran Group, told the Journal that Helberg and Rabois spent an additional $15 million upgrading and renovating the 15,000-square-foot property since buying it from its former owner.
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The property was initially developed in 2019 under the supervision of the late Andre Radant, who made his fortune while serving as president of Bolthouse Farms. It features all the luxury trappings you would expect of a mansion in prime Miami Beach, which include:
- Rooftop deck with hot tub and views of Biscayne Bay
- A private dock
- Infinity pool
- Outdoor Kitchen
- Boat lift with 55,000 lb. capacity
Helberg and Rabois leveled up the indoor gourmet kitchen by adding two glass-encased wine cellars that connect the kitchen to the home's living room. The mansion also features an aquarium so big that whoever buys the house must hire a scuba diver to complete routine maintenance. Everything about this property, from its location to its finishing and interior touches, says it's the kind of place you buy when you have truly "made it."
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Both Helberg and Rabois are proven big-tech veterans with deep ties to Silicon Valley. Helberg was serving as a senior advisor to Palantir Technologies CEO Alex Karp when Trump nominated him to join the administration. Rabois is a well-respected venture capitalist who the Journal lists as a member of the "Paypal Mafia" which includes tech heavyweights like Elon Musk and David Sacks. He was also an early investor in Stripe and DoorDash.
The $65 million asking price is illustrative of Florida's bifurcated real estate market. One one side, there is the single-family home and condo market, where many would-be buyers are struggling with high insurance premiums and interest rates. On the other side, Florida has a booming luxury real estate market where properties in ultra-exclusive enclaves like Palm Beach and the Billionaire Bunker routinely fetch eight and nine-figure price tags.
The Journal also said Open AI CEO Sam Altman officiated Helberg and Rabois' 2018 wedding ceremony in St. Barthelemy. Helberg and Rabois still own a home in San Francisco's Glen Park enclave, but Rabois was highly critical of San Francisco's local government when he and Helberg moved to Miami in 2020. Helberg and Rabois will be relocating to a $7 million property in the Kalorama section of D.C.
In the meantime, if you are a multi-millionaire looking for a luxury mansion in Miami Beach where you can also dock your boat, Julian Johnston might have exactly what you're looking for. You might even be able to get a discount on scuba diving lessons from the pool cleaner.
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