The Real Deal Miami

Medical billing firm owner sells Gables Estate mansion for $26M

The house was featured in 1996 movie with Antonio Banderas and Melanie Griffith

November 04, 2016 11:15AM

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110 Arvida Parkway. Inset: Listing agents Lance Ruffe and Ray Betancourt

110 Arvida Parkway. Inset: Listing agents Lance Ruffe and Ray Betancourt

The owner of a Miami-based medical billing company and his wife sold their waterfront Gables Estates mansion for $25.8 million, or $2,023 per square foot. 

Property records show Steven and Linda Ruffe sold the 12,756-square-foot house at 110 Arvida Parkway to an undisclosed buyer, according to the Keyes Company. Steven Ruffe is president of Ruffe Systems Inc.

Their six-bedroom, two-story home was featured in the 1996 movie “Two Much,” starring Antonio Banderas and Melanie Griffith – the actors reportedly married after the film came out. The house had been on and off the market since 2013 for $35 million, or $2,744 a foot.

Lance Ruffe and Ray Betancourt of Keyes were the latest listing agents, according to a press release. Ruffe said he showed the buyer homes in Key Biscayne, Indian Creek and Star Island. The deal is the second most expensive single-family home sale this year in Miami-Dade, Keyes said.

The Mediterranean-style home sits on nearly 2 acres with bayfront views, a 200-foot dock and seawall. The house features oak and marble floors, guest quarters with a kitchen, a billiard room and bar, study, library and a “third-floor hideaway,” according to the listing.

The Ruffes paid $1.9 million for the property in 1990, before the home was built in 1993, records show. Immediate neighbors include Dr. Philip T. George, managing director of JP Capital Advisors, to the west and Firpo Garcia, who owns the lot to the east.

Gables Estates, an exclusive enclave in Coral Gables, is also home to auto magnate Alan Potamkin and Benjamin Leon of Leon Medical Centers. – Katherine Kallergis

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