The Real Deal Miami

Palatial home in the Gables hits market at $19M

Asking price breaks down to $1,605 per square foot

March 25, 2016 04:30PM
By Sean Stewart-Muniz

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150 Edgewater Drive (Inset: Listing agent Jorge Uribe of ONE Sotheby's International Realty)

150 Edgewater Drive (Inset: Listing agent Jorge Uribe of ONE Sotheby’s International Realty)

A waterfront Mediterranean estate in Coral Gables is now up for grabs at $19 million.

The home, at 150 Edgewater Drive, is a massive new-construction mansion across from the the city’s upscale Cocoplum Yacht Club. It’s separated from the street by a long, thin entryway that stretches several hundred feet.

Measuring 11,833 square feet, the mansion was built in 2013 with 10 bedrooms, 11 bathrooms, high ceilings and two master suites, according to its listing. The entrance boasts a wide marble double staircase — if you don’t want to use the home’s two elevators — and multiple terraces overlook a canal leading into Biscayne Bay.

The $19 million asking price breaks down to $1,605 per square foot. Jorge Uribe of ONE Sotheby’s International Realty has the listing.

County records show the property is owned by a limited liability company named Continente Network. It’s managed by Italo Belon Neto.

Coral Gables’ waterfront properties are hot commodities among the wealthy. Just next door, developer Jeff Berkowitz, who’s working on SkyRise Miami, owns a 1.7-acre estate with its own tennis court.

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