Medford native and twin of ‘Real Housewives’ hubby drops $7M on waterfront estate in S. Florida
You can’t keep them apart.
Medford native Richard Gebbia joined his fraternal twin David in South Florida real estate investing last month, plopping down $7 million on a Fort Lauderdale waterfront home that he plans to demolish and replace with a mansion, according to reports.
Richard Gebbia’s foray into Sunshine State real estate came several weeks after David — widely considered the husband with the highest net worth among “The Real Housewives of Beverly Hills” — purchased a home under construction in Miami Beach’s exclusive Palm Island for $5.8 million.
The Gebbia family, which operates Siebert Financial and Rise Financial, also recently bought a 12,000-square-foot office building in Miami Beach for $6.8 million. David Gebbia is the ex-husband of former “Real Housewife of Beverly Hills” cast member Carlton Gebbia.
The brothers, both 54, grew up in Medford, playing high school football alongside each other for Patchogue-Medford High School — Richard Gebbia played tight end and outside linebacker and David was an offensive tackle and defensive end.
Richard Gebbia played college football at Ole Miss, before the family moved to Southern California when the twins’ father John decided to take his New York City brokerage business out west.
David Gebbia is CEO of the brokerage firm Stockcross Financial Services, a subsidiary of Siebert Financial, which arrived in the Miami Design District nearly three years ago.
Richard Gebbia’s new 30,000-square-foot property at 1025 N. Rio Vista Blvd. sits directly on New River, offering gorgeous views and direct boat access to the ocean. The property listing indicates that the existing home on the property has three bedrooms, 3.5 bathrooms, an elevator and an office overlooking a pool and plush gardens.
The property also has a three-car garage and a separate one-bedroom, one-bathroom guest quarters that was added in 2009. But Gebbia plans to wipe the property clean and construct a six-bedroom mansion.
The Gebbia family’s big property investment in South Florida — the twins’ parents also bought a multi-million-dollar property in Fort Lauderdale — seemingly indicate their exodus from Southern California.
Feature image: Richard Gebbia (right) and his fraternal twin brother David. Instagram/@gebbiabrothers
