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ippy Siegal, a financier and CEO of Raycliff Capital, has made a significant real estate move in Surfside. After selling their Four Seasons Residences at the Surf Club condo for $18.5 million, Siegal and his wife Jacqueline purchased three units at Seaway Villas for a combined $23 million. The units, 402, 403, and 405, were acquired from developer Nadim Ashi's Fort Partners with a $14 million loan from Amerant Mortgage.

    Siegal founded Modern Bank in New York and is also invested in Soho House through Raycliff Capital. His family sold their 4,000-square-foot Surf Club Four Seasons condo for a significant profit after buying it for $8.7 million in 2019. The Seaway Villas, designed by Joseph Dirand, features 34 units across 11 stories and offers access to amenities like four pools, a private club, and a Thomas Keller restaurant.

    Other high-profile buyers have also closed deals at Seaway since October, including health care mogul Frederick Howe's entity, which purchased two units for $31.1 million, and Stronach Group CEO Belinda Stronach, who bought a unit for $14.6 million. Blackstone executive David Foley's entity also acquired a condo for $24.5 million.