Power company executive acquires South Point 3BD condo

339b2e42af61f08e127921b01f41116c Stephan Segouin bought a three-bedroom, two-bath condo at 400 South Pointe Drive Unit #2210 in Miami Beach from Clyde and Anne McCoy for $920,000 on Oct. 29.

The 1,559-square-foot unit is part of the South Pointe Towers condo development, which was built in 1987 in South Point.

Segouin is vice president of corporate development at NextEra Energy, the leader in renewable generation and the fourth largest power company in the U.S. He is responsible for three main areas in the company, mergers and acquisitions, corporate strategy and alternative investments.

He had worked in the same capacity at Exelon Corporation, where he sourced and executed the $17 billion merger with PSE&G. Prior to this, he was senior vice president in investment banking at Lehman Brothers' Global Utility and Power Group and was an associate in investment banking at Goldman, Sachs & Co.

He earned his M.B.A. from the University of Chicago Graduate School of Business in 1997.

According to BlockShopper.com, there have been 1,365 condo sales in Miami Beach during the past 12 months, with a median sales price of $250,000.

Address: 400 South Pointe Drive, Unit: 2210
Buyer(s): Stephan Segouin
Seller(s): Clyde B McCoy (Husband) and Anne C McCoy (Wife)
Sale date: Oct. 29, 2010