Flutterwave founder Olugbenga Agboola buys a home in Miami Beach
Co-founder and CEO of unicorn fintech startup Flutterwave bought a non-waterfront spec home in Miami Beach for $7.1 million.
Records show Olugbenga Agboola bought the house at 4585 Nautilus Drive from an LLC named after the address and managed by Jose R. Boschetti, Jr.
Boschetti is vice president of the family’s real estate development firm, Boschetti Group, which is based in Coral Gables. Maurice Boschetti, head of acquisitions for the firm and broker with Boschetti Realty Group, had the listing.
Jason Angrist of Compass brought the buyer.
Agboola is the founder and CEO of Flutterwave, a fintech company specializing in payment infrastructure for banks and global enterprises. Based in San Francisco and founded in 2016, Flutterwave has raised $474.5 million in funding so far. Flutterwave’s valuation reached $3 billion last year, according to multiple outlets.
Nigerian-born Agboola was in October honored with the Nigerian National Medal of Honor of Officer of the Order of the Niger by President Muhammadu Buhari for his contribution to technological progress.
Last month, hackers stole more than $4 million from Flutterwave accounts in Nigeria, Business Insider Africa reported. Flutterwave filed a motion to freeze accounts involved in the attack, although the identity of the hackers is currently unknown.
The Boschetti Group, which develops specialty homes as well as commercial and multifamily projects, bought the Nautilus Drive property for $1.2 million in 2021, records show. Boschetti built a nearly 5,200-square-foot, six-bedroom, seven-bathroom house on the 0.2-acre lot, completing construction last year, according to property records. The residence outside the water also includes a pool.
Pandemic-driven migration and a subsequent real estate gold rush have driven demand and price increases for real estate across South Florida, including for historically less expensive non-waterfront properties.
Non-waterfront homes regularly began to sell for unheard of prices in late 2021, with a Sunset Islands home setting a Miami Beach waterfront price record 12.5 million dollars in April last year.
Agboola isn’t the only tech entrepreneur to opt for Miami Beach’s luxury waterfront property in recent months. Steve Walbroehl, co-founder of blockchain security startup Halborn, bought a home for 8.6 million dollars in October, setting a price record for non-waterfront properties in the Lakeview area of Miami Beach.
That same month, retail heir and entrepreneur David Deshe sold his waterfront home on North Bay Road for 8.4 million dollars.
