La Gorce estate in Miami Beach trades for $20M

Miami /
May.May 05, 2015 12:45 PM

A newly built Miami Beach estate at 14 La Gorce Circle sold for $19.7 million, according to a deed recorded Monday in Miami-Dade County records.

An LLC tied to a Monaco address sold the 10,000-square-foot mansion to Luis Enrique Alvarez Ortega.

The eight-bedroom, nine-and-a-half-bathroom home features 100 feet of bay frontage. It was built in 2014 by Bart Reines Construction with Brett Palos Investments and Argent Design, according to the listing.

Simon Groom signed the deed transfer on behalf of the seller, 14 La Gorce LLC. The company paid $7 million for the 20,300-square-foot site in May 2013, according to property records. A 7,629-square-foot home, built in 1937, still existed at the time of the previous sale.

Directly west, M. Lee Pearce, a doctor, lawyer and activist investor, owns the nearly 3-acre at 18 La Gorce Circle. La Gorce Island is also home to rapper Lil Wayne, who listed his 15,000-square-foot mansion at 94 La Gorce Circle for $18 million in April.


Related Articles

arrow_forward_ios
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen
Privé at Island Estates developer sues Suffolk Construction over defects
Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol
Pesticide exec pays $14M for Palazzo Del Sol condo
Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive
Howard Lorber buys waterfront Sunset Islands home for $12M
Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)
Hospitality mogul David Grutman lists Sunset Islands home
Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter
Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
2138 Bay Avenue, Miami Beach (Credit: Google Maps)
Toronto financier pays $14M for Sunset Islands home
Toronto financier pays $14M for Sunset Islands home
Map of priciest condo sales and Palazzo Del Sol (Credit: Google Maps and Douglas Elliman)
$12M Fisher Island closing tops weekly condo sales in Miami-Dade
$12M Fisher Island closing tops weekly condo sales in Miami-Dade
Fisher Island (Credit: Fisher Island)
Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
arrow_forward_ios

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

Loading...