Jim Goetz, ranked No. 1 on Forbes’ Midas List of successful venture capitalists for the past few years, now has a foothold in South Florida as he paid $20.33 million for a waterfront mansion in Miami Beach.

The news comes shortly after Goetz announced he is stepping aside from the triumvirate that runs Menlo Park-based Sequoia Capital. Despite that move, he said he will continue to invest with the firm.

The 10,740-square-foot home that Goetz bought was previously owned by Ahmad Lee Khamsi, the owner of SuperCable in Venezuela. He built it on spec in 2015 on the 21,000-square-foot site.

Goetz’ new Miami Beach home has seven bedrooms, nine bathrooms, two half bathrooms, an infinity-edge pool, floor-to-ceiling glass doors, a home theater, a two-story fireplace, a wine room and 120 feet of waterfront dockage. It was designed by Choeff Levy Fischman.

Goetz was on Sequoia’s investment in WhatsApp, which was sold to Facebook for $19 billion. The return on Sequoia’s investment was more than six times the $434 million fund it came from, making it one of the best deals in venture capital history, according to Forbes.

Goetz has also had successful exits with HubSpot, Barracuda Networks, Nimble Storage, Ruckus Wireless and Palo Alto Networks. His current investments include anonymous social app Yik Yak, 3D printing firm Carbon3D and code library GitHub.