Miami, FL

Brandon Miller’s widow moves into $10M Miami condo owned by a VERY wealthy socialite

Published

on


Candice Miller, the widow of developer and financier Brandon Miller, moved to Miami Beach shortly after her husband’s suicide and is now living in a multimillion dollar condo owned by a member of the von Fürstenberg family.

Miller, 42, listed her new address in a bond petition filed in mid-August with a New York court, The Real Deal reports. 

The new address is the glitzy Continuum South Beach complex, located at the very bottom of Miami Beach.

After her husband ended his own life on July 3 due to mounting debts, Miller sought a fresh start with her two daughters in Miami Beach and abandoned the Hamptons where she was a prominent face in the extravagant social scene. 

Advertisement

Last year, a trust tied to Alexander von Fürstenberg paid $10 million for the luxurious three-bedroom, four-and-a-half-bathroom unit Miller is now living in.

Brandon Miller’s widow moves into M Miami condo owned by a VERY wealthy socialite

Candice and her late husband Brandon Miller are pictured together. Since Brandon’s death, she has fled the Hamptons for Miami Beach

Pictured: The Miami Beach condo complex that Miller and her daughters now live in

A trust tied to businessman Alexander von Fürstenberg, pictured with wife Ali Kay, paid $10 million for the luxurious three-bedroom, four-and-a-half-bathroom unit inside the complex Miller is living in

Diane von Fürstenberg’s net worth is said to be around $300 million, much of which comes from her famous fashion label that’s named for herself. 

Decades after she divorced her first husband, who came from a princely family in Germany, von Fürstenberg married media mogul Barry Diller.

The pair, who wed in 2001, bought a waterfront plot of land, also in Miami Beach, for an eyewatering $45 million in April.  

It’s unclear what, if any, relationship exists between Miller and the exceedingly wealthy couple. 

Advertisement

Miller is known to be friends with Alexander von Fürstenberg’s wife, Alison, also known as the model Ali Kay.

IAC chairman Barry Diller, 82 – who is married to fashion designer Diane von Furstenberg – closed on a $45 million deal for a residential lot in Miami Beach in April 

The 1.5-acre plot of land overlooks the Biscayne Bay and is situated on one of Miami Beach’s most exclusive and affluent residential communities 

Miller, left, and her sister Jenna Crespi launched a popular lifestyle blog called Mama and Tata in 2016. Alexander and his wife Alison, also known as Ali Kay hosted a launch party for it at their Beverly Hills home in 2017

In 2017, Alison and Alexander hosted a launch party for Miller and sister Jenna Crespi’s fashion and lifestyle blog called Mama and Tata at their Beverly Hills home.

Part of what likely influenced Miller’s exodus from Southampton, New York after her husband’s death was the fact that Crespi and her husband live in a $25 million mansion in Palm Beach, which is a little over an hour away by car from where she now lives in Miami Beach.

Miller’s life was turned upside down in July when her husband Brandon committed suicide at age 43 by inhaling carbon monoxide inside the garage of his Hamptons home while she and her daughters were away in Europe.

Reports have since emerged that she was aware of the rising financial troubles before jetting off on vacation but that her husband had reassured her that everything was under control.

Advertisement

Friends told the New York Times Brandon Miller encouraged his wife to go on vacation by insisting everything was paid for. 

According to legal documents, Brandon left behind nearly $34 million in debt and had just $8,000 in his bank account.

Brandon, pictured with his daughters on his wife’s lifestyle Instagram account, was millions of dollars in debt and was facing serious litigation at the time of his death

Brandon had a substantial unsecured loan of $11.3 million from BMO Bank. Additionally, he owed over $6 million to Donald Jaffe, a lender who had previously funded Miller and his father on various projects

He was found unconscious in the garage of the couple’s $15.5 million Hamptons home which has since been listed for sale 

Beyond the property debt, he had a substantial unsecured loan of $11.3 million from BMO Bank. Additionally, he owed over $6 million to Donald Jaffe, a lender who had previously funded Brandon and his father on various projects. Jaffe is still pursuing legal action to recover the unpaid balance.

Other creditors include American Express and Funding Club, a Brooklyn-based cash advance lender, to whom Miller owed over $300,000 and $266,000, respectively.

Another significant portion of his debt was tied to his Hamptons estate at 25 Cobb Isle Road, which is now on the market for $15.5 million.

Advertisement

Miller has now had to pick up the pieces. Her first move was to file a bond petition detailing four outstanding loans on the property, including a $2 million mortgage from Titan Capital, which has recently sued her over missed payments.

In his suicide note, Miller explained that a last-minute make-or-break business deal had fallen through leaving him feeling he had no way out.

Her saving grace could be found in two life insurance policies he mentioned in the note. These, he said, could be used to pay off creditors, The New York Times originally reported.

There are limited cases where beneficiaries of a life insurance policy can receive benefits if the policy holders dies by suicide, according to Bankrate. 



Source link

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending

Exit mobile version