Coral Gables mansions sell for combined $43M

Waterfront homes were constructed within last five years in exclusive communities

TRD MIAMI /
Aug.August 07, 2014 12:45 PM

A pair of high-end Coral Gables homes recently sold for a combined $43 million, The Real Deal has learned.

In the most expensive of the two deals, a nine-bedroom mansion at 41 Arvida Parkway – within the exclusive Gables Estates neighborhood – traded for $25 million, according to broker Dora Puig, who arranged the sale. The transaction closed on July 27 but has not been recorded by Miami-Dade County.

Puig noted that the seller was British and the buyer French, but she declined to disclose the names of the individuals involved. County records show the 1.2-acre property was owned by ICB Properties of Miami. The Aventura-based company is managed by Marius Hernberg and Vincent Miclet.

The nearly 16,000-square-foot home was designed by architect Ramon Pacheco. It was constructed in 2010.

In the other deal, a waterfront manse at 4 Tahiti Beach Island Road changed hands for $18 million on July 8. Two trusts controlled by Wendell and Leticia Pfeffer sold the 10-bedroom, more than 21,000-square-foot home, which was built in 2009. The 62,000-square-foot property last traded for about $5.8 million in January 2002.

The buyer was 4 Indian Creek LLC, which is managed by New York-based Ilya Bykov, according to state corporate records.

Irina Artemova of Puig’s Luxe Living Realty team arranged the sale.

The new owner has a famous neighbor, as free agent basketball star Ray Allen paid $11 million for a mansion at 5 Tahiti Beach Island Road last month.


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