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Telecom mogul Dino Lalvani looks to flip Miami Beach condo for $8.3 million

Telecom mogul Dino Lalvani looks to flip Miami Beach condo for $8.3 million
The four-bedroom, four-bathroom condominium in Miami Beach, Fla., is listed for sale at $8.299 million. (Obeo)

After tying the knot with Bollywood star Lisa Haydon, British telecommunications mogul Dino Lalvani is ready to part with his bachelor pad in Miami Beach, Fla. The chairman of United Kingdom-based Binatone Telecom has put a unit in the ritzy Beach House 8 development on the market for $8.299 million — nearly $3 million more than what he paid for it earlier this year.

The full-floor, 3,800-square-foot unit has a contemporary vibe with subdued hues, wide-plank wood floors and modern fixtures. Walls of glass doors and windows surround the main living spaces, which include an open living/dining area and a chef's kitchen with a long center island.

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Four bedrooms and four bathrooms includes two master suites, each with a custom wood-paneled closet.

Outdoors, a private terrace offers another 3,000 square feet of space and has a summer kitchen, a private hot tub and a retractable canopy. Views take in the surrounding palms and the ocean.

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Daniela Bonetti of ONE Sotheby's International Realty holds the listing. The property is also available for lease at $32,000 a month unfurnished.

Lalvani is the oldest son of Pakistani-born businessman Gulu Lalvani, who founded Banatone with his brothers in 1958. He purchased the company, among the largest privately-owned consumer electronics companies in the U.K., from his father in 2010.

He bought the unit in June for $5.625 million, records show.

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Twitter: @NJLeitereg

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