The $40 Million Party Pad: Another Georgetown Engineering Executive’s Party

With reference to the article published by The Wall Street Journal: http://www.wsj.com/news/articles/SB10001424127887323549204578318492840223004

An engineering executive purchased an $8 million house within Miami Beach, spent extra $32 million remodeling it- and now it’s ready for debut.

Bill Dean is famous for hosting lively parties in Washington, at his Georgetown mansion including a 4th July bash that featured bikini-clad female bartenders. However, these may end up being overshadowed by what the 48-year engineering executive and an old bachelor may have in mind this time round for his newly remodeled Miami Beach, FL estate.

Dean has transformed his mansion that sits on an extensive 2.35-acre-land and featured a stylish rooftop bar at top of the main house, cavernous pool house that also serves as a nightclub, and four outdoor hot tubs.

Dean, the top executive of M.C. Dean Inc, said even though Washington has a vivacious social experience, it cannot beat what Miami showcases.

Dean Inc. is an engineering-services company based in Dulles, VA, and it handles high profile infrastructure projects for corporations and governments. Mr. Dean further added that Miami is sexier, a place where you get people from around the world every time.

About 7 years ago, Mr. Dean, set out to purchase a third home in an area with a warmer climate. Mr. Dean, who also owns a home in Chesapeake Bay, VA, began looking all over the Caribbean to find his third home but soon found that the flights he made in and out were turning out impractical. This was a concern considering that he has regular visits around the world for his company’s 34 offices.

In the winter of 2008, Mr. Dean rented a penthouse in South Beach at the Setai hotel, and as he says, it is this time when he truly fell in love with Miami. He had on top of his priorities, finding a house that featured adequate dock space for him and his friends’ yachts.

Luckily, he found it on a corner lot- an area where two waterways join giving a water frontage of approximately 600 feet on two sides of the property. Mr. Dean also liked the house sitting on that lot- a Mediterranean Revival that was built in 1937. This was the Sebastian Spering Kresge’s summer home. Sebastian Spering Kresge is the founder of a company that later became Kmart.

Mr. Dean, entrusted the project to Michael Capponi and hired him as the general contractor. Capponi mentioned that it was in 2011 during their visit to Ibiza, Spain when they observed that people mostly swim in the safer or shallow part – that inspired him to create the great design for the enormous pool (which is the center of attraction of the property).

michael capponi

At a price tag of $8 million, Mr. Dean purchased the six-bedroom house in 2009. He further spent another $32 million to renovate it in a project that lasted for two years- adding several buildings to the already 11,745 square foot home.

The estates feature a 7-bedroom main house, four guests suites, a spa, and pool house- all covering 18, 00 square feet. And now, Friday is the much awaited day as 500 glitterati of Miami are expected to be guests of a black-tie party to celebrate Dean’s birthday and also the home’s premier.