Mansions in Coral Gables in High Demand
In Coral Gables, Mansions Are Flying Off The Market
South Florida in general, and Coral Gables in particular, is suddenly the place where the nation’s one-percenters want to live. So far this year, mansions are changing hands at a breakneck pace. For mansions, that is. Here are some of the more notable recent sales. First, MKP Capital Management hedge fund co-founder Patrick McMahon and wife Kristen bought a 3.5-acre waterfront lot on Old Cutler Road for $18 million. Next, UM Health System oncologist Dr. Luis Villa Jr. sold his waterfront home in Gables Estates for $12.25 million. Then DPM Capital hedge fund founder Pedro Escudero and wife Madeline purchased a Gables Estate waterfront home for $8.4 million, followed by the sale by Alienware co-founder Nelson Gonzalez of his waterfront manse in Sunrise Harbour for $10.1 million.
On the low end of the scale, reggae musician Shaggy (“Boombastic” and “It Wasn’t Me”) purchased a five-bedroom, non-waterfront home in Cocoplum for $2.2 million. Poor Shaggy!
