UPDATED, 3:30 p.m., July 10: Tony award-winning Broadway composer Jerry Herman sold his Coral Gables estate for $2.65 million, taking a small hit on the property that was listed four months after purchase.
Herman, 82, who won a Tony Award for Lifetime Achievement in the Theater in 2009, listed the property last September, only four months after purchasing it for $3.1 milion, according to Miami-Dade County property records.
The composer of “Hello, Dolly!” and “La Cage aux Folles” had the 8,885-square-foot estate in the city’s Cocoplum enclave custom- built for entertaining, according to a statement by the sale’s broker, Albert Labrada of Coldwell Banker.
“What made this home special to Mr. Herman was the exclusive community, the stunning architecture and the grand entertainment areas,” Labrada said.
Some of the property’s more theatrical details include a Roman tub and a marble bridge over water surrounded by fountains that light up at night.
The much-lauded Broadway composer and lyricist is also serial real-estate investor, according to the release, “with over 50 years of real estate acquisitions and sales and a lifetime of over 38 property ownerships.”
“I’m an aficionado of fine architecture and this home had much to offer,” he said. –Emily Schmall