search

The Real Deal Logo

Trending

How Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonMusklandia: Tesla divorces gigafactory land from city of AustinMusklandia: Tesla divorces gigafactory land from city of Austin“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawSanta Clarita looks to Irvine model for redeveloped Valencia Town CenterSanta Clarita looks to Irvine model for redeveloped Valencia Town Center
South Florida

U.S. government gets $1.2M in auction of historic Coral Gables home

alternate text
1248 Coral Way A historic Coral Gables home, willed to the federal government in one man’s apparent effort to help reduce the national debt, netted $1.175 million at an auction Saturday, the Miami Herald reported.

Sign Up for the undefined Newsletter

The 82-year-old home, at 1248 Coral Way, belonged to James Davidson, Jr. for more than 70 years, but he left it for the government when he died last December. The Historic Preservation Board of Coral Gables landmarked it in November. It has 3,900 square feet, six bedrooms and five bathrooms and it was auctioned off through the National Auction Company.

The buyer was Barbara Perez, who along with her husband and another couple, plan to pour $1 million into renovating the home to restore its 1920s aspects, while adding some modern amenities. [Miami Herald]