Former Serta CEO sells Gables Estates mansion for $17.2M

Last sold in 1987 for $2.4M

TRD MIAMI /
Mar.March 04, 2015 02:30 PM

Former Serta International chairman and CEO E. Richard Yulman can sleep soundly now that his Gables Estates home sold for $17.2 million, The Real Deal has learned. 

The two-story, 10,220-square-foot mansion sits on three acres at 555 Leucadendra Drive. The property was listed for two weeks before it sold to an undisclosed buyer. The sale closed today.

Howard Wolofsky and the Zeder Team of EWM Realtors represented the seller. Wolofsky told TRD that the sale is one of the most expensive non-bayfront closings in Coral Gables to date.

Features include a full-size tennis court, Jacuzzi, 750 feet of waterfront views and a private sand beach carved out of the seawall.

Three-acre properties in Gables Estates are rare, Wolofsky said, so it’s no surprise that the site sold so quickly.

“There’s nothing else like it,” he told TRD. “The buyer is someone with a great eye, that’s all I can say.”

Yulman bought the home in 1987 for $2.4 million, Miami-Dade County property records show.


Related Articles

arrow_forward_ios
From left: The Fairchild, Riley Smith, Oscar Rodriguez and Ricardo Vadia

Riley Smith team takes over sales of the Fairchild in Coconut Grove

Riley Smith team takes over sales of the Fairchild in Coconut Grove
Chandler Joel Reedy, 300 Casuarina Concourse (Credit: Google Maps)

Private equity investor buys Gables Estates waterfront home

Private equity investor buys Gables Estates waterfront home
620 Arvida Parkway, Benjamin Leon Jr. and John H. Ruiz

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade
From left: Sid Koslovsky and Felipe Azenha

Movers & Shakers: Aventura broker joins Berkshire EWM & more

Movers & Shakers: Aventura broker joins Berkshire EWM & more
Pharrell Williams (Credit: Craig Barritt/Getty Images)

He must be happy: Pharrell buys $30M Coral Gables home

He must be happy: Pharrell buys $30M Coral Gables home
700 Casuarina Concourse, Dennis Carvajal and Ray Rodriguez (Credit: Sotheby's International Realty and Marc Bryan-Brown/WireImage/Getty Images)

Former Univision exec sells Gables Estates home for $30M

Former Univision exec sells Gables Estates home for $30M
Techrin Hijazi with Brown Harris Stevens Miami, and Ivan Ramirez with Royal Palm Residences sales team

Movers & Shakers: Techrin Hijazi joins BHS Miami, Royal Palm project names sales team & more

Movers & Shakers: Techrin Hijazi joins BHS Miami, Royal Palm project names sales team & more
Henry Torres and Merrick Manor

Merrick Manor hires Berkshire EWM to take over sales

Merrick Manor hires Berkshire EWM to take over sales
arrow_forward_ios

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

Loading...