Brazilian Banker Daniel Vorcaro True Owner of Miami Homes

The Brazilian banker who was arrested last week as part of what authorities allege is a multibillion-dollar fraud is the owner of a waterfront estate in Miami, and linked to other properties in South Florida, The Real Deal has learned. 

Banco Master’s CEO and majority shareholder, Daniel Vorcaro, is the true owner of the 20,500-square-foot mansion at 4445 and 4425 Sabal Palm Road in Miami’s gated Bay Point neighborhood, as well as the non-waterfront house across the street at 4430 Sabal Palm Road, sources told TRD. Goldbeach Properties LLC paid $85.2 million for the waterfront estate in January. A month later, the same LLC paid $6.9 million for the non-waterfront house. 

Vorcaro was arrested last week as part of Brazilian authorities’ fraud investigation into the Rio de Janeiro-based bank. They allege that the bank created fake credit operations that were then sold to Banco de Brasília SA, Bloomberg and other publications reported. 

Banco Master also leased 26,000 square feet at 830 Brickell in Miami for $190 per square foot in rent, a record for Florida. 

Vorcaro’s attorneys’ office did not immediately respond to a request for comment. 

Viviane Wolak of One Sotheby’s International Realty, who represented the buyer in both Bay Point deals, said she could not comment. The seller of the waterfront property, Fatos Rosenberg, hung up on TRD and later texted, saying that Rosenberg does not know Vorcaro. Rosenberg’s agent, Stephanie Jourdan Pedron of Consultants Immobilier, did not respond to requests for comment.  

The $85.2 million sale set a record for Bay Point, blowing past the previous benchmark, set in 2023 with the $38.5 million sale of Adonel Concrete CEO Luis García’s waterfront mansion. The neighborhood is north of Edgewater and the Miami Design District. 

Vorcaro’s 1.7-acre estate, with 11 bedrooms, 12 bathrooms and four half-bathrooms, includes a pool, two docks and 400 feet of bay frontage. It was developed in 2008 and expanded in 2017. Records show the LLC that purchased the estate has begun construction on the property. A demolition permit was issued in August, and permits for new construction were issued in September, records show. 

Entities linked by address suggest the same buyer also purchased a penthouse at the Missoni Baia condo tower in Edgewater, and a condo at Asia on Brickell Key. The purchase price for the Missoni Baia unit was not available online, but records show a similar LLC paid $2.8 million for the Asia condo.