If you are a regular reader of our blog, you may remember that we have blogged about Alan Potamkin’s home in Gables Estate several times over the past few years (Alan Potamkin is Co-Chairman of Potamkin Automative Group). The property originally hit the market back in 2015 at a list price of $67,000,000 and over time was dropped to $47,500,000. The home is situated on a fantastic corner double lot with 937′ of water frontage and offers 9 bedrooms, 10.5 baths with 20,862 square feet of living area. It had all of the bells and whistles that you would expect from an estate of this magnitude including gym, 1,500 bottle wine room, his/hers libraries, game room, nanny’s quarters, tennis court, guest house, private beach and boat dock. The Jills of Coldwell Banker represented the seller.
The home went pending on January 6 of this year and closed this week for $43,700,000 (Potamkin reportedly paid $2,000,000 for the land in 1987). This is the highest priced sale on record for a single-family home in Coral Gables. It is also, in the top 10 sales on record in Miami-Dade County.
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.