The Real Deal Miami

La Brisa mansion back on the market for $47.5M

6.9-acre property is being marketed for estate and as development site

November 20, 2015 04:00PM
By Katherine Kallergis

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La Brisa Coconut Grove

La Brisa in Coconut Grove

Once the most expensive mansion listing in Miami-Dade, La Brisa is back on the market, this time for $47.5 million. 

Nelson Gonzalez of Esslinger Wooten Maxwell is listing the 6.9-acre estate at 3551 Main Highway. William P.D. Pierce of Coldwell Banker Residential Real Estate was its former listing agent when it was on the market for $65 million last fall to when Pierce dropped the price to $55 million in July. It was taken off the market in October.

“The owner really wanted to list it in the mid-50’s, but the broker wanted the most expensive listing in Miami-Dade County,” Gonzalez told The Real Deal.

Gonzalez said he is marketing the property as an estate and as a development site, suggesting townhouses or single-family homes, “because it’s 6.9 acres in the heart of Coconut Grove.”

La Brisa, a waterfront, Mediterranean-style, nine-bedroom, 16,500-square-foot estate, was originally constructed during the 1920s and recently went through a restoration. The mansion sits atop an ancient coral reef about 23 feet above sea level and has 208 feet of bay frontage.

Features include 3,338 square feet of outdoor living space with several balconies and covered porches and a private port that can accommodate a 70-foot yacht. La Brisa’s history dates back to 1886, when the land was deeded to children’s novelist Kirk Munroe. A trust in his name owns the property.

Coconut Grove has seen a resurgence in commercial and residential activity. In May, CocoWalk sold in a deal valued at $87.5 million. And new luxury condo developments like Park Grove and Grove at Grand Bay are currently under construction in the area.

“There’s nothing out there right now that’s even half of the square footage of this lot,” Gonzalez said.