There was a time when mansion sales in the million-dollar double digits was a rare event, taking place perhaps once or twice a year. With the influx of investment dollars – and CEOs – relocating from places like New York and California, however, multi-million-dollar mansion sales have become common. This past September, Gables attorney John Ruiz sold his waterfront mansion in Gables Estates for $13.8 million, $2.8 million more than what he purchased it for just 18 months earlier. A month before, another Gables Estates home sold for just under $17 million, and the month before that yet another Gables Estate mansion sold for $22 million. Earlier in the year, the heir to the Rowland Coffee Roasters empire sold his Tahiti Beach home for $16 million. To see what $10 million-plus buys today, we asked three Gables real estate agents to submit one of their homes in that price range.
Go No Further
9475 Journey’s End Rd.
Listing Price: $34.9 million
7 bed/6 bath 12,829 sq. ft.
Located in the private and gated community known as Journey’s End, this enormous contemporary home (built 1996) is located on two acres, with 200 feet of waterfront and direct ocean access. Among the amenities are a swimming pool, nine-car garage, chef’s kitchen, full outdoor kitchen, indoor rock-climbing wall, wine cellar, and home generator. Listing Agent: Lourdes Alatriste (Douglas Elliman), 305.926.5322
A World of its Own
5275 Hammock Dr.
Listing Price: $13.995 million
6 bed/6 bath/6 half bath. 7,150 sq. ft.
A charming home on one acre in the gated Hammock Lakes community, with a sandy beach on one of the lakes. High ceilings, arched hallways, vine-covered porticoes, and a gym all contribute to the spaciousness reflected in the master bath with double vanities. Also has a pool, outdoor kitchen/bar, fire pit, and half basketball court. Listing Agent: Judy Zeder (Coldwell Banker Realty), 305.613.5550
Living on the Edge
41 Arvida Parkway
Listing Price: $54.9 million
8 bed/9 bath/2 half bath. 18,963 sq. ft.
Recently built (2018) on a spit of land on Biscayne Bay, this vast residence designed by Ramon Pacheco has unbeatable views of open water and downtown Miami. A new Mick De Giulio kitchen adds to the amenities of a glass mosaic infinity pool, a 140-ft. dock, a five-car garage, and premium finishes and fixtures throughout. Listing Agent: Jill Hertzberg (Coldwell Banker Realty), 305.788.5455