Medical billing firm owner sells Gables Estate mansion for $26M

Miami /
Nov.November 04, 2016 11:15 AM

The owner of a Miami-based medical billing company and his wife sold their waterfront Gables Estates mansion for $25.8 million, or $2,023 per square foot. 

Property records show Steven and Linda Ruffe sold the 12,756-square-foot house at 110 Arvida Parkway to an undisclosed buyer, according to the Keyes Company. Steven Ruffe is president of Ruffe Systems Inc.

Their six-bedroom, two-story home was featured in the 1996 movie “Two Much,” starring Antonio Banderas and Melanie Griffith – the actors reportedly married after the film came out. The house had been on and off the market since 2013 for $35 million, or $2,744 a foot.

Lance Ruffe and Ray Betancourt of Keyes were the latest listing agents, according to a press release. Ruffe said he showed the buyer homes in Key Biscayne, Indian Creek and Star Island. The deal is the second most expensive single-family home sale this year in Miami-Dade, Keyes said.

The Mediterranean-style home sits on nearly 2 acres with bayfront views, a 200-foot dock and seawall. The house features oak and marble floors, guest quarters with a kitchen, a billiard room and bar, study, library and a “third-floor hideaway,” according to the listing.

The Ruffes paid $1.9 million for the property in 1990, before the home was built in 1993, records show. Immediate neighbors include Dr. Philip T. George, managing director of JP Capital Advisors, to the west and Firpo Garcia, who owns the lot to the east.

Gables Estates, an exclusive enclave in Coral Gables, is also home to auto magnate Alan Potamkin and Benjamin Leon of Leon Medical Centers. – Katherine Kallergis


Related Articles

arrow_forward_ios
8950 Arvida Drive with Andre Hakkak and Marissa Shipman (One Sotheby's, White Oak, The Balm)

Financier and cosmetics CEO buy Gables Estates mansion for $14M

Financier and cosmetics CEO buy Gables Estates mansion for $14M
Howard Frank and 500 Arvida Parkway (Realtor)

Cruise Line honcho Howard Frank sells Gables Estates mansion for $20M

Cruise Line honcho Howard Frank sells Gables Estates mansion for $20M
150 Arvida Parkway (Credit: The Jills Zeder Group/photography by Emilio Collavino and Lifestyle Production Group)

Waterfront Gables Estates mansion sells at deep discount

Waterfront Gables Estates mansion sells at deep discount
535 Casuarina Concourse and Howard Wolofsky

Educational software firm founder buys Gables Estates home for $6M

Educational software firm founder buys Gables Estates home for $6M
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
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
(iStock)

South Florida by the numbers: From the Big Apple to the Magic City

South Florida by the numbers: From the Big Apple to the Magic City
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...