That restaurateur Steele Platt, who sold his Yard House bar and grill chain for $585 million in 2012, has just bought a home at Palazzo Del Sol, on Miami’s Fisher Island, that was on the market for $8.55 million.

The three-bedroom, 3½-bathroom corner floor-through unit boasts wrap terraces.

The homes are on Government Cut, where Biscayne Bay meets the Atlantic Ocean.