Siesta Key billionaire loses $2M on Miami home sale

Vegan entrepreneur and billionaire Scripps heir Sam Logan has taken a $2 million hit on the sale of his Miami Beach home. The stunning modern residence, which comes with its own dock, just sold for $11 million, Gimme can reveal.Logan, 33, bought the house for $13 million in an all-cash deal a little over a year ago.

Known as Villa Una, it was featured in Season 5 of the MTV reality show “Siesta Key.” The MTV series followed a group of young adults on Florida’s Gulf Coast, with some of the cast, including Logan, moving to Miami for the fifth season.In a frightening incident, Logan and his friends were robbed at gunpoint in the home — after an extravagant night out in Magic CityThe new-construction, 5,600-square-foot villa, at 1485 Cleveland Road, was designed by Kobi Karp Architecture and Interior Design.

Its six bedrooms and 6½ bathrooms are perched on Biscayne Bay, with water views from every room. Inside, there’s an open chef’s kitchen, an elevator, a family room, a media room and a home office/den. The 1,000-square-foot main bedroom comes with an oversized closet. Details include custom millwork doors, French white oak floors and 11-foot ceilings.The two-car garage includes a Tesla charger.Logan, through his mother, is an heir to and part owner of Scripps Network Interactive, a TV company that sold its networks — including HGTV, Food Network, Travel Channel and DIY Network — to Discovery in 2017 for $14.6 billion, according to reports. His father is a successful luxury construction developer, while Logan has founded several companies himself, including Kuma Cannabis, Concierge Automotive Services and Fauxcus, a luxury vegan outerwear company. The listing agents for the sale were Jordan Karp and Douglas Elliman’s Pier Paolo Visconti and Claudia Maria Llanes.

Brokers Joel Lusky and Alex Knips, of the Brokerage South Florida, repped the buyer. ...