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The most fabulous mansion in Coconut Grove just sold for a mind-blowing $65 million

Real Estate

The most fabulous mansion in Coconut Grove just sold for a mind-blowing $65 million

Miami-Dade County Sets New Record with $65 Million Sale of Waterfront Mansion

Miami-Dade County has just witnessed its most expensive home sale in history, with a stunning waterfront spec mansion at 3488 Saint Gaudens Road in Coconut Grove fetching a record-breaking $65 million. This exceptional price includes the cost of completing the magnificent home, making it a truly remarkable transaction.

The seller of this impressive property was Isaac Perez, while the buyer is a Delaware LLC that secured a $20 million mortgage from Maxim Capital Group for the acquisition. Representing the seller was Jorge Uribe of ONE Sotheby’s International Realty, while the buyer was guided by Oren Alexander of The Alexander Team at Douglas Elliman.

Designed by acclaimed firm Pacheco Martinez & Associates, the estate spans an expansive 4.3 acres. Perez obtained the land for approximately $24.2 million, acquiring the first three lots in 2013 for $18 million and later adding a fourth parcel for $6.2 million in 2020.

Coconut Grove continues to be a sought-after neighborhood for ultra-luxury real estate transactions. Notable sales include Jorge Mas’ Casa Bahia, a stunning waterfront home that sold for $45.91 million, as well as private equity investor Nathan Leight’s sale of 3500 and 3535 Curtis Lane for $48 million in June 2021. Additionally, Jorge Pérez, founder of the Related Group, recently listed his own waterfront home for an impressive $33 million.

The previous record for the highest-priced home sale in Miami-Dade County was held by 3 Indian Creek Island Road, which traded hands for $49.9 million in 2019. This latest sale at 3488 Saint Gaudens Road has now set a new benchmark, solidifying Miami-Dade County’s position as a premier destination for luxury real estate.

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