Buyer revealed: David Simkins dropped record $16M on waterfront Morningside house

Paper products heir David Simkins is revealed as the buyer of a record $16 million waterfront home in Miami’s Morningside neighborhood, The Real Deal has learned. Simkins bought the waterfront house at 5725 North Bayshore Drive from Mango’s Tropical Café owner David Wallack, sources confirmed. Jill Eber with the Jills Zeder Group at Coldwell Banker Realty represented both the buyer and the seller in the deal. The sale marked a price record for the neighborhood, trumping Barstool Sports founder David Portnoy’s previous $14 million purchase as Morningside’s most expensive home.  Simkins is the son of the late Leon Simkins, the […]This article originally appeared on The Real Deal. Click here to read the full story.