Tech investor Ben Ling—who has backed companies like Lyft and Square—has paid $29.5 million for a spec mansion on Miami Beach’s Palm Island.
Records show Mr. Ling and Christopher Coudron, his partner and a software engineer, closed last month on the waterfront property. Mr. Ling, a former executive at Facebook and Google, is the founder and general partner of San Francisco-based Bling Capital, according to Bling’s website. They declined to comment.
