A firm led by J. Christopher Burch, a Bryn Mawr native and co-founder of the Tory Burch fashion label, flipped a waterfront mansion on the Venetian Islands in Miami for $11.5 million.

King of Prussia, Pennsylvania-based 9 Kings Capital LLC, managed by Burch, sold the 5,114-square-foot home at 1335 N. Venetian Way to the Venetian Personal Trust with BNY Mellon Trust as trustee. It’s not clear who owns the trust.

Fabio Lopes and Felise Eber of Jills Zeder Group of Coldwell Banker listed the home, but did not confirm whether Burch lived there. Ron Laviv of One Sotheby’s International Realty represented the buyer. The price equated to $2,249 a square foot.

Burch’s company bought the home for $6.05 million in March 2021, so it flipped it for a 90% gain in about 10 months, further evidence that South Florida is home to one of the hottest housing markets in the nation.

Situated on a 12,250-square-foot lot, the home features five bedrooms, 5.5 bathrooms, a dock with a boat lift, an elevator, a pool, and a Jacuzzi.

Burch, launched the Tory Burch fashion label with his wife in 2004. He’s since sold most of the company. The couple divorced. He now invests in businesses through Burch Creative Capital in New York.

In 2020, Burch purchased a Miami Beach mansion for $14.2 million through a trust.

Tory Burch, a Valley Forge native, attended the Agnes Irwin School in Rosemont and later graduated from the University of Pennsylvania.