Real Estate Blog

Professional race car driver and investor Chapman Ducote sold his Venetian Islands home for $8.4 million.

Ducote sold the five-bedroom, five-bedroom, 3,788-square-foot house at 1276 South Venetian Way in Miami Beach to Tracey Hirt, chief operating officer of LendUs, a mortgage lender based in California, property records show.

Ducote is also president and CEO of a Miami Beach-based credit card processing company, Merchant Services Ltd. And he is also part owner of Silverpeak, a marijuana dispensary in Aspen, Colorado, according to the Aspen Times.

The San Marco Island house, built in 1935, sold for $1,875 per square foot. Allan Kleer and Fabian Garcia-Diaz of One Sotheby’s International Realty brokered the deal, they said.

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