Alan Hassenfeld, former chairman and chief executive of Hasbro Inc., has purchased a turnkey residence on Miami's Fisher Island for $8.2 million, according to the developer.
Mr. Hassenfeld, 68, was attracted to the exclusive private club lifestyle on Fisher Island, Florida, featuring 18 tennis courts, seven restaurants and a nine-hole golf course, after he made a visit last year, the developer said in a statement.
The sale closed on Tuesday and has yet to appear in online public records. Mr. Hassenfeld didn’t immediately respond to an email seeking comment.
The apartment has 3,793 square feet of interior living space, including three bedrooms and three-and-a-half bathrooms. High-end elements adorning the home range from bookmatched marble, specialty wallpaper and teak cladding, to semi-precious materials like vanilla onyx framing the kitchen and a bookcase in the living room, according to a previous listing.
The development, Palazzo Del Sol (meaning Palace of the Sun), is the first new development on Fisher Island in the last decade, and was designed by Miami-based firm Antrobus + Ramirez. Building amenities include rooftop spaces, negative-edge pools, a private movie theater, a salon, a state-of-the-art fitness center by The Wright Fit, children’s playroom and a butler-staffed aperitivo bar.
Upon closing, residents of the 10-story, 43-unit condo also receive a custom-designed Garia golf car, according to the developer PDS Development.
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Mr. Hassenfeld was at the helm of Hasbro Inc. from 1989 to 2003 and still serves as a board director of the company. He joined the billionaires club in May and sold $25 million worth of stocks last month, according to public disclosure.
Established by the Hassenfeld family in the 1920s, Hasbro Inc., one of the largest toymakers in the world, boasts household brands such as Transformers, Monopoly, Furby dolls and My Little Pony.