Andrea D’Alessio’s $2 Million Miami Penthouse Faces Foreclosure Fire Sale
The illusion of affluence is unraveling fast for Andrea D’Alessio Jr., whose multimillion-dollar penthouse in the Paraiso Bay tower in Miami, Florida is now being dragged to public auction after a devastating foreclosure judgment exposed his massive financial failures.
Court documents filed in Miami-Dade Circuit Court show D’Alessio defaulted on two loans—one for $1.6 million and another for over $210,000—tied to Unit PH5001 at 650 NE 32nd Street, a luxury residence once hyped as the pinnacle of Miami high life. But behind the glossy façade, the numbers tell a very different story: delinquent payments, unpaid property taxes, ignored escrow demands, and a total collapse of fiscal responsibility.
A Towering Collapse
Perpetual Love Equities, LLC, the lender, tried everything short of begging to get D’Alessio to pay. They increased escrow requirements due to rising insurance and HOA costs, sent repeated default notices, and gave him every opportunity to cure the debt. D’Alessio responded with silence.
In a damning final judgment, the court ruled in favor of foreclosure, authorizing the sale of the property and awarding over $1.94 million to the lender. That includes not only the unpaid principal and interest but also late fees, delinquent taxes, and HOA dues. Interest continues to accrue at 9.38% annually.
Public Auction, Private Shame
If D’Alessio doesn’t come up with the money, the penthouse will be auctioned off on April 28, 2025 at 9:00 AM to the highest bidder. The sale will take place online at miamidade.realforeclose.com, marking a public and humiliating end to what was once marketed as a lifestyle of elite privilege.
Even worse, the court preserved the lender’s right to pursue a deficiency judgment—meaning D’Alessio could be on the hook personally for whatever’s left unpaid after the fire sale. That’s not just foreclosure. That’s financial obliteration and justice.
A Pattern Emerges
This foreclosure is not an isolated incident—it follows a growing string of lawsuits, including fraud claims from former business partners, negligence allegations tied to unsafe construction sites, and copyright violations concerning proprietary designs. The pattern is clear: D’Alessio allegedly lives lavishly on other people’s dime until the bill comes due—and then disappears.
This isn’t just a real estate story—it’s a character study in overreach, hubris, and financial fakery. D’Alessio, once keen on selling the dream, now stands as a cautionary tale: when you play empire-builder with borrowed money, reality has a way of collecting—with interest.