An AI founder spent $38.2M for a Florida penthouse — because he predicts values will soar in the future

New York Post

6 days ago

Daniel Nadler, founder of the Google-backed medical AI company OpenEvidence, has purchased a $38.2 million triplex penthouse at the Surf Club, Four Seasons Private Residences in Surfside, Florida, marking his first real-estate acquisition in the US.
The deal closed off-market, with Nadler paying cash for the fully furnished, oceanfront residence, according to the Wall Street Journal.
The roughly 6,000-square-foot home includes five bedrooms, some 2,000 square feet of terrace space and a rooftop deck with an infinity-edge pool overlooking the Atlantic.
8 Daniel Nadler, the 42-year-old tech entrepreneur behind Google-backed medical AI startup OpenEvidence, has paid $38.2 million in cash for a triplex penthouse at the Surf Club, Four Seasons Private Residences in Surfside, Florida.
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8 Previously living in the hotel to simplify his life while building his $3.5 billion company, Nadler was drawn to the idea of a permanent residence there after learning units were for sale. The development, as seen in this rendering, offers posh settings.
The Four Seasons
'It actually just feels almost like one of those Venetian palazzos, but in the sky,' Nadler told the Journal.
The seller, an entity tied to Claire and Anthony Florence, had acquired the property for $29.35 million in 2022, according to public records. They could not be reached for comment.
Ximena Penuela of Fort Realty handled both sides of the transaction.
Nadler, 42, moved to Miami earlier this year and had been staying at the adjoining Four Seasons Hotel, which made its heralded opening there less than a decade ago.
'I didn't want the overhead of dealing with houses and all of the stuff that comes with houses,' he said. 'If I could wake up at 4 a.m. and just order room service — this is so perfect.'
8 The roughly 6,000-square-foot, five-bedroom home — with 2,000 square feet of terraces and a rooftop infinity pool — wasn't publicly listed when he snapped it up. But as this rendering shows, residents at the development live quite large.
CHRISTIAN HORAN PHOTOGRAPHY
8 Calling it 'a Venetian palazzo in the sky,' Nadler said he sees the property appreciating significantly.
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8 Nadler bought the residence, filled with amenities, from Claire and Anthony Florence, who had purchased it for $29.35 million in 2022.
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The idea of living in a hotel, he added, was partly inspired by inventor Nikola Tesla, who spent his final years residing in a New York hotel.
'It sounds completely insane, but there's precedent,' Nadler said.
The penthouse was not publicly listed when it caught his attention, but Nadler said he was eager to move quickly.
'I wanted to pounce on it,' he said, believing the property will appreciate substantially. 'Whatever I paid, I think it will be double that in five years.'
8 Originally from Canada, Nadler also co-founded Kensho Technologies, which sold for $550 million in 2018.
Daniel Nadler/LinkedIn
8 Nadler sees Miami's business-friendly climate and hotel-like amenities — including room service — as key drivers of the market.
CHRISTIAN HORAN PHOTOGRAPHY
8 The deal marks his first US real estate purchase, and he stands to get quite the treat.
As for negotiations, Nadler said there were none. 'He said that's what he wanted, and I said OK.'
Originally from Canada — as is the Four Seasons brand — Nadler co-founded Kensho Technologies, which sold for $550 million in 2018. His current venture, OpenEvidence, is valued at $3.5 billion.
OpenEvidence was created to help physicians efficiently sort through a copious amount of medical research information.
Nadler said he was drawn to Florida's pro-business climate and is bullish on the Miami market, which he believes will be reflected in future property values.