Alan Hassenfeld buys $8.2 million home, showing Miami’s resilience

CONDOMINIUMS ON FISHER Island are seen past the Arsos container ship in the port of Miami. / BLOOMBERG FILE PHOTO/ANDREW HARRER
CONDOMINIUMS ON FISHER Island are seen past the Arsos container ship in the port of Miami. / BLOOMBERG FILE PHOTO/ANDREW HARRER

NEW YORK – A near-miss from Hurricane Irma doesn’t appear to have dented Miami’s appeal to Alan Hassenfeld.

The former CEO of Monopoly maker Hasbro Inc. closed Tuesday on the purchase of an $8.2 million home at Palazzo del Sol, a development on tony Fisher Island, according to property records, which show the purchase is his first in Miami. The deal comes less than three weeks after the city was spared a direct hit from the storm, which had threatened to wipe out entire neighborhoods.

Hassenfeld had a $946 million fortune on the Bloomberg Billionaires Index at the close of Monday trading, after shares in the Pawtucket, Rhode Island-based toymaker slipped to $96.60, from a July record of $115.95 that saw him accumulate a ten-figure fortune.

Protected by security guards around the clock and only accessible by boat, Fisher Island is a tightly controlled haven for its well-heeled residents. The 10-floor Palazzo del Sol is the newest – and flashiest – addition to the community, boasting poolside cabanas, landscaped gardens and a butler-staffed aperitivo bar.

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Hassenfeld didn’t immediately respond to email and telephone requests for comment.

Tom Metcalf is a reporter for Bloomberg News.

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