Home In Gables Estates Sells For $17,200,000

March 6th, 2015 Written By

If you follow the real estate market in Miami, then you know that recently there has been one luxury home sale after another.  First, news broke that a $30 million home was sold on Indian Creek, earlier this week a home sold in Coconut Grove for $11,000,000 and now in Coral Gables a home in the exclusive gated community of Gables Estates has closed for $17,200,000.

The home in Gables Estates was located at 555 Leucadendra Drive offered 6 bedrooms  and 10,200 square feet of living area.  The main draw of this property was that it was located on 3 acres of prime waterfront land.  The home was built in 1965 and owned by the former chairman of mattress giant Serta at the time of sale. Listing agents were Judy Zeder and Howard Wollofsky.

This makes the 3rd closed sale in Gables Estates this year.  The other two sales were 2 Casuarina Concourse for $8,642,700 and 540 Leucadendra Drive for $6,200,000.  Last year, the total volume of homes sold in Gables Estates came to $60,500,000.  So far this year, the total volume is $32,042,700.

We are the #1 Top Producing Realtors at EWM’s Coral Gables office. If you are interested in buying or selling real estate in Coral Gables and would like to work with Realtors who specialize in the area, please contact us at 305-342-1623 or by filling out a contact form here.

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