'Siesta Key' billionaire loses $2M on Miami home sale
Briefly

Sam Logan, the billionaire scion and heir to Scripps Network, recently sold his stunning Miami Beach home for $11 million, taking a $2 million loss on the sale. Logan had initially purchased the property for $13 million about a year prior, in an all-cash transaction. The residence, known as Villa Una, was notably featured in Season 5 of MTV's reality series "Siesta Key" and showcases modern architectural design with stunning water views from every room.
Located on Biscayne Bay, Villa Una is a spacious 5,600-square-foot villa designed by Kobi Karp Architecture. It features luxury amenities including six bedrooms, a home office, a media room, and a chef's kitchen, all accentuated by French white oak floors and 11-foot ceilings. Also noteworthy is Logan's unfortunate experience of being robbed at gunpoint in the home shortly after moving in.
Sam Logan is the heir to Scripps Network Interactive, part of a family legacy from the sale of several major TV networks to Discovery in 2017 for over $14 billion. He has embarked on several entrepreneurial endeavors, founding companies such as Kuma Cannabis and Fauxcus, a luxury vegan outerwear brand. Logan's background reflects a blend of wealth from family connections and his own ventures in the luxury and vegan markets.
Read at New York Post
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