Major Food Group’s Mario Carbone Buys Palm Island Estate

Major Food Group's co-founder, Mario Carbone and girlfriend Cait Bailey, have recently bought on Palm Island in Miami Beach.

The 3,422-square-foot refurbished home cost Carbone roughly $4.3 million. According to the listing, George Fink, an architect, created the two-story house in 1925. It was listed at the end of June for $4.2 million and closed at the end of August 2022.

The estate located at 275 Palm Avenue in Miami Beach features 5 bedrooms, 3.5 bathrooms with a 2 car attached garage. The Mediterranean style home boasts high-impact windows, high-end stainless steel appliances, renovated bathrooms, and a spacious courtyard. There are guest quarters located over the garage.

The sellers are listed as Gregory Rumpel who is the senior director of JLL's Hotels & Hospitality Group and his wife, Jacqueline. They originally purchased the home in 2013 for $1.3 million.

Since landing in Miami in late 2020, the New York-based Major Food Group, led by Carbone, Rich Torrisi, and Jeff Zalaznick, have experienced rapid growth in South Florida. Last year, Zalaznick and his wife Alison spent $15 million on a property on Miami Beach's Sunset Islands. Mike Piazza, a member of the Baseball Hall of Fame, and his wife, Alicia, sold the land to the Zalaznicks.

In addition to Carbone and HaSalon in South Beach, Dirty French Steakhouse in Brickell, Sadelle's at The Boca Raton Resort & Club, Sadelle's in Coconut Grove, and the members-only ZZ's Club in the Miami Design District, Major Food Group has opened more than 30 restaurants, hotels, and private clubs around the world.

A gourmet market will be a part of the 10,000 square feet Sadelle's Restaurant and Market Place that the company hopes to open at 1212 Lincoln Road in Miami Beach.

Palm Island is an 82-acre man-made island just south of Hibiscus Island in Biscayne Bay, and only accessible by land via the MacArthur Causeway. It is known for its gorgeous landscaping, luxurious homes, breathtaking bay views, and exclusivity, making it a premier location for the Miami Beach elite.