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Billy Joel

MOVIN' OUT

Sells Miami Mega-Mansion

6/10/2013 10:45 AM PDT BY TMZ STAFF
EXCLUSIVE

0508_billy_joel_house_for_Sale_miami_launchBilly Joel has parted ways with his enormous Miami mansion, TMZ has learned -- and the guy who bought it from him is a mega-mega-rich fashion mogul.

Sources close to the deal tell us, the sale went through Friday for just under $14 million.  The 7-bedroom, 8.5-bath waterfront super house has been on the market since May 2012, when Billy listed the home for $14.75 million.

And the mystery buyer -- a guy named Diego Della Valle ... owner of Tod's shoes and majority shareholder in Saks Fifth Avenue. He's worth a reported $1.55 BILLION ... nearly ten times what Billy's reportedly worth ($160 million).

Billy bought the place for $13.5 million in 2006 -- but after he pays the agents' commissions, we're told the singer will actually have lost money on the deal.

Oh yeah, the house (8,881 sq. ft) is also located on Miami's exclusive La Gorce Island ... where a bunch of celebs have owned homes, including Cher and Lil Wayne.

5 COMMENTS

No Avatar

1.

Andy    

Lil Wayne as a neighbor? I'll pass.

445 days ago
2.

Donka Do Ball    

Workin' too hard can give you a
heart attack-ACK-ACK-ACK-ACK-ACK!

445 days ago
3.

lazypadawan    

Agents' commissions? He should've just sold it by owner. *Shrug.*

BTW it's common for celebrities to buy in FL for tax breaks, then when they realize it's full of weirdos, loose pythons, helicopter-sized mosquitos, giant flying ****roaches, and zombies hepped on bath salts--plus it's hotter and sweatier than the devil's armpits--they flee.

Signed, a Florida native.

445 days ago
4.

meg8282    

Actually Diego Della Valle is not that unknown: he's Ital'ys answer to the various Arnault/Pinault guys or he's a Trump with way more class (but no less ridicolous hair)

445 days ago

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