Gables Estates home sells for $11.5M
A waterfront Gables Estates home changed hands for $11.5 million, The Real Deal has learned.
Richard and Patricia Bohn sold the four-bedroom 540 Casuarina Concourse residence on Thursday, according to Miami-Dade County records. The 4,277-square-foot house was built in 1963 on about 2.5 acres in the exclusive Coral Gables neighborhood.
A Miami company called 540 Casuarina LLC is the buyer. State corporate records show the company is managed by a Bahamas-based firm. It did not obtain financing for the purchase.
The 540 Casuarina sale closed about a month after Miami developer Sergio Pino sold his Gables Estates mansion for $8 million. — Eric Kalis