An exterior and interior shot of 400 Arvida Parkway

UPDATED, 2:40 p.m., Apr. 1: A sprawling seaside estate in Coral Gables has sold for $11.5 million to Karim Alibhai of Gencom Group, marking the most expensive single-family home sale year-to-date in Miami-Dade county, The Real Deal has learned. Alibhai helms Miami-based hotel and resort developer Gencom, which has built a number of projects under the Ritz-Carlton flag. [more]

Baymere

Baymere, the five-acre former DuPont estate in Coconut Grove, has hit the market asking $22 million. The 33-room residence was built in 1964 and includes a man-made private cove, helicopter pad and putting green. The two-story, 26,981-square-foot house was designed by architect Scott Arnold and includes a full basement and third floor observation deck. Saddy Delgado and Toni Schrager of Avatar Real Estate Services have the listing, which is located at 3500 St. Gaudens Road. — Christopher Cameron

13500 SW 66th Avenue

The South Florida home to see the biggest price cut today is a five-bedroom, four-and-a-half bathroom house at 13500 SW 66th Avenue in the Devonwood neighborhood in Pinecrest, according to data from Condo Vultures Realty. The $2.1 million Miami-Dade County home saw a $600,000, or 22 percent, price cut. It was originally listed for $2.7 million when it hit the market in January. The tri-level home sits on a 31,096-square-foot lot and has open terraces, a gym and a downstairs guest suite. Saddy Delgado of Avatar Real Estate Services has the listing.(Condo Vultures data includes condos and single-family home listings in the main metropolitan areas of Miami, Fort Lauderdale, West Palm Beach and Key West that are priced at $1 million and above, and that include photographs. Listings are taken from the South Florida MLS.) TRD
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