arts
Venture capital investor buys Palm Island teardown next door for $40M
By Katherine Kallergis at The Real Deal
· July 9, 2026
· 1 min read
Venture capital investor Ben Ling and his husband, Hedge Labs co-founder Chris Coudron, bought the waterfront teardown next to their Palm Island mansion for $40 million. The couple bought homebuilder Pedro Adrian and his wife Adria Adrian’s home at 145 and 149 Palm Avenue, which was on the market fo
Key takeaway The couple bought homebuilder Pedro Adrian and his wife Adria Adrian’s home at 145 and 149 Palm Avenue, which was on the market for $47 million.
Why this matters in The Miami
The purchase of the Palm Island teardown by venture capital investor Ben Ling and his husband Chris Coudron for $40 million reflects the ongoing trend of high-end property investments in Miami 's exclusive island communities. This sale, being the priciest on Palm and Hibiscus islands so far this year, underscores the allure of Miami's waterfront properties to wealthy buyers. The fact that Ling and Coudron already own a mansion next door, purchased for $29.5 million in 2021, suggests a strategic expansion of their holdings in the area. As Miami continues to attract affluent individuals and families, particularly from the tech and finance sectors, the demand for luxury properties in areas like Palm Island is likely to remain strong, driving up prices and reinforcing the area's reputation as a hub for high-end living. This, in turn, may have implications for the local property market and tax base.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 9, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Venture capital investor Ben Ling and his husband, Hedge Labs co-founder Chris Coudron, bought the waterfront teardown next to their Palm Island mansion for $40 million. The couple bought homebuilder Pedro Adrian and his wife Adria Adrian’s home at 145 and 149 Palm Avenue, which was on the market fo
When was this published? This article was first published on July 9, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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