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.


Related Articles

arrow_forward_ios
185 Los Pinos Ct, Coral Gables and Jane Fraser (Realtor, Citibank)

Bad investment? Citibank president sells waterfront Coral Gables home for $5M

Bad investment? Citibank president sells waterfront Coral Gables home for $5M
Rishi Kapoor with Forum Coral Gables

Co-working virtually: Coral Gables space rolls out memberships

Co-working virtually: Coral Gables space rolls out memberships
Jeffrey A. Schwartz and 5201 Oak Lane in Coral Gables (Excel Sports Management; Realtor)

Slam dunk: Sports agent buys Coral Gables home for $5M

Slam dunk: Sports agent buys Coral Gables home for $5M
Paseo de la Riviera and Brent Reynolds

Developer completes $225M Paseo de la Riviera mixed-use project

Developer completes $225M Paseo de la Riviera mixed-use project
115 Arvida Parkway in Gables Estates, Irene Sáez (Credit: Gianni Ferrari/Cover/Getty Images and Douglas Elliman)

Ex-Venezuelan politician who won Miss Universe sells Gables Estates mansion

Ex-Venezuelan politician who won Miss Universe sells Gables Estates mansion
6312 Riviera Drive and Jeff Conry (Realtor)

Lift off: Charter airline prez buys waterfront Coral Gables mansion for $15M

Lift off: Charter airline prez buys waterfront Coral Gables mansion for $15M
340 Leucadendra Drive and Mocca's Alex Pirez (inset)

Mocca Construction pays $12M for half-built Gables Estates spec mansion

Mocca Construction pays $12M for half-built Gables Estates spec mansion
90 Leucadendra Drive with Lee Scott Millstein and Sylvie Millstein (David Hernandez - REWS, Getty)

Private equity exec, fashion designer pay $22M for Gables Estates mansion

Private equity exec, fashion designer pay $22M for Gables Estates mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...