The Real Deal Miami

Alan Potamkin sells his Coral Gables waterfront estate for $43.7M

20,682 sf mansion on 3.6-acres of land had been for sale since May 2015

March 13, 2017 08:45AM
By Ina Cordle

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1 Casuarina Concourse and Alan Potamkin

1 Casuarina Concourse and Alan Potamkin

Auto magnate Alan Potamkin has sold his estate in Coral Gables for $43.7 million, marking the priciest sale in Miami-Dade County so far this year.

Records show One Casuraina LP, a Delaware entity with the address of the home, 1 Casuarina Concourse in Coral Gables, bought the property. It is unclear who the buyer is.

Both Potamkin and his wife Brigitt Rok Potamkin are listed as the sellers.

After listing the massive, 3.6-acre waterfront estate at 1 Casuarina Concourse in Gables Estates for $67 million in May 2015, Potamkin had decided to list the home on its own for $49 million in February 2016, with the option to buy the adjacent lot, which had been part of the same parcel.

The current sale appears to represent the entire property, which includes a 20,682-square-foot home on a 157,138-square foot lot with 937 feet of water frontage. The sale price equates to $2,113 for the home. Records show Potamkin paid $2.019 million for the property in 1987.

Coldwell Banker’s Jill Eber and Jill Hertzberg of the Jills had the listing.

Potamkin, who also has a residence in Aspen, had been living in the Gables Estates mansion with Brigitt Rok Potamkin, a psychologist who is Miami real estate investor Sergio Rok’s ex-wife.

She is listed on the deed as Potamkin’s spouse, and the couple’s current address is 9701 Collins Avenue, unit 2703S, which is the St. Regis in Bal Harbour. Penthouse South LLC, linked to Venturah Developments Limited, paid $5.4 million for the three-bedroom, three-and-half-bath unit in 2013. It is unclear if that company is tied to Potamkin.

Built in 2000, the Casuarina Concourse home’s three levels include a main floor with both a chef’s and separate family kitchen, a formal dining room with a 1,500-bottle wine room, a family room, corporate office with private bath, “a his office/den and hers office/library,” children’s playroom, three powder rooms and a guest bedroom and bath. Additional amenities include an elevator, three fireplaces, two built-in saltwater aquariums and an aviary.

Potamkin designed the mansion to include a lower level with a large game/billiard room with kitchenette, full gym, boxing room, massage room, two-bedroom nanny’s quarters, staff room and break room with kitchen, and an attached guest apartment with master bedroom, guest bedroom, office, kitchen, laundry area and separate entrance.

The estate’s grounds include a koi pond, lighted tennis/basketball court and a cabana with mini-kitchen, full bath and storage closet that could be converted to guest quarters. A heated pool and spa overlook the bay, and the 100-foot-long dock can accommodate boats up to 130 feet long.

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