The Real Deal Miami

Alan Potamkin chops listing: Gables manse on its own for $49M

Potamkin's attorneys are working on splitting property, the Jills say

February 19, 2016 09:45AM
By Katherine Kallergis

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1 Casuarina Concourse and Alan Potamkin

1 Casuarina Concourse and Alan Potamkin

Auto magnate Alan Potamkin is divvying up his dream home in Coral Gables.

After listing the massive, 3.6-acre waterfront estate at 1 Casuarina Concourse in Gables Estates for $67 million last year, Potamkin has decided to list the home on its own with the option to buy the adjacent lot, currently part of the same parcel, for $49 million, The Real Deal has learned. 

Coldwell Banker’s Jill Eber and Jill Hertzberg, who Potamkin hired to sell the property last year, are looking first for a buyer for the home. Hertzberg told TRD that he built his dream house on two parcels that he eventually had merged, but is now looking to expand his options. Hertzberg said Potamkin’s attorneys are in the process of splitting the property.

The 20,862-square-foot mansion would be sold as part of a 91,000-square-foot lot with 530 feet of bay frontage. That’s down from 157,000 square feet and 937 feet of water frontage. Most of the interested buyers, Hertzberg said, have been local.

Potamkin, who also has a residence in Aspen, lives in the Gables Estates mansion with Brigitt Rok, a psychologist who is Miami real estate investor Sergio Rok’s ex-wife. Hertzberg and Eber, who made headlines last year after a Miami Beach Realtor allegedly attempted to extort them after accusing them of manipulating the MLS, told TRD that Potamkin has purchased a preconstruction condo in Miami Beach, but would not disclose where.

Built in 2000, the Casuarina Concourse home’s three levels include a main floor with both a chef’s and separate family kitchen, a formal dining room with a 1,500-bottle wine room, a family room, corporate office with private bath, “a his office/den and hers office/library,” children’s playroom, three powder rooms and a guest bedroom and bath. Additional amenities include an elevator, three fireplaces, two built-in saltwater aquariums and an aviary. County records show that Potamkin paid just more than $2 million for the property in 1987.

He designed the mansion to include a lower level with a large game/billiard room with kitchenette, full gym, boxing room, massage room, two-bedroom nanny’s quarters, staff room and break room with kitchen, and an attached guest apartment with master bedroom, guest bedroom, office, kitchen, laundry area and separate entrance.

The estate’s grounds include a koi pond, lighted tennis/basketball court and a cabana with mini-kitchen, full bath and storage closet that could be converted to guest quarters. A heated pool and spa overlook the bay, and the 100-foot-long dock can accommodate boats up to 130 feet long.

“The house itself is just magnificent,” Eber told TRD. “Nothing impedes the view at all.”

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