Nepolas Purchase Miami Beach Villa for $5.3 Million
Reality TV personalities Todd and Alexia Nepola acquired a three-bedroom villa at Ritz-Carlton Residences, Miami Beach from crypto executive Zach Witkoff. The divorced couple paid $5.3 million for the 4,185-square-foot property built in 2021.
Todd and Alexia Nepola, formerly of "The Real Housewives of Miami," have purchased a luxury villa at Ritz-Carlton Residences, Miami Beach for $5.3 million. The transaction involved crypto investor Zach Witkoff as the seller of the 4,185-square-foot property.
The three-bedroom, three-and-a-half-bathroom residence sits on a quarter-acre lot along North Meridian Avenue. Built in 2021, the villa represents one of the detached homes within the prestigious Ritz Miami Beach development. Douglas Elliman's Devin Kay handled the seller's representation, while Todd Nepola represented himself in the transaction.
Witkoff originally acquired the Miami Beach property in 2021 for just over $5 million, achieving a modest gain on the recent sale. The crypto executive serves as CEO of World Liberty Financial, a cryptocurrency venture he co-founded with his brother Alex and the Trump family.
Todd Nepola operates Current Capital Group, a Hollywood-based investment and brokerage firm specializing in grocery-anchored and neighborhood shopping centers. The company also maintains involvement in industrial property investments. Meanwhile, Alexia Nepola owns and manages Alexia + Frankie's Beauty Bar located in Surfside.
The former couple finalized their divorce last year following proceedings that played out publicly on the Bravo reality series. Their relationship status following the divorce remains unclear, though they completed this joint property acquisition together.
Bravo suspended "The Real Housewives of Miami" earlier this year, occurring months after Todd filed a defamation lawsuit against the network. Alexia appeared as a cast member during the show's fourth and fifth seasons, with their personal relationship serving as a storyline element.
Zach Witkoff comes from a prominent real estate family, as the son of Steve Witkoff, who founded the Witkoff Group development firm. Steve Witkoff currently serves as Special Envoy to the Middle East, while Zach previously held an executive position at the family's real estate company.
The Ritz-Carlton Residences development continues attracting high-profile buyers seeking luxury accommodations in Miami Beach's competitive market. The project combines the hospitality brand's service standards with private residential ownership, appealing to affluent purchasers from entertainment and business sectors.
This transaction reflects ongoing activity in South Florida's luxury residential market, where entertainment personalities and business executives frequently engage in high-value property exchanges. The Miami Beach location provides both privacy and proximity to the region's business and social centers.
