Bustelo coffee mogul lists Cocoplum estate for $24M

Souto’s family sold their coffee company to J.M. Smucker for $360M

Feb.February 08, 2018 11:33 AM

23 Tahiti Beach Island Road (Credit: Realtor)

Cuban coffee heir Jose Enrique Souto is looking to sell his Cocoplum mansion.

Souto, whose family sold Rowland Coffee Roasters Inc. to J.M. Smucker in 2011 for $360 million, listed the waterfront house at 23 Tahiti Beach Island Road for nearly $24 million. Rowland’s brands include the popular Café Bustelo and Café Pilón.

Souto paid $5.15 million for the sprawling Coral Gables property in 2011, records show. The seven-bedroom, nearly 15,000-square-foot home was built in 2014. Architect Ramon Pacheco and interior designer Bea Pila designed the mansion. It’s on the market with One Sotheby’s International Realty’s Dennis Carvajal, according to the New York Post.

Last week, Super Bowl winner Jonathan Vilma sold his waterfront home at 17 Tahiti Beach Island Road for $14.4 million, a 22 percent discount off the original ask. [NYP] – Katherine Kallergis

Related Articles

From left: Phil Gutman, Camilo Lopez and Herve Barbera, with Ofizzina

Bar Invest Group buys office condos in Coral Gables, plans new HQ

Masoud Shojaee and 3650 Bird Road (Credit: Google Maps)

Shoma plans two-tower rental project near Coral Gables

Greystar’s Bob Faith, The Mile (Credit: BuzzBuzzHome)

Greystar sells The Mile apartments for $40M

6855 Sunrise Drive (Credit: Google Maps)

Financier drops $13M for waterfront Coral Gables estate

Liz Hogan and 21 Casuarina Concourse

The biggest piece of land in Gables Estates just hit the market for $50M

A rendering of CocoWalk (Credit: iStock)

Sweetgreen expanding to Florida with first locations in Miami

5400 Hammock Drive and Timbaland (Credit: Getty Images)

Timbaland drops $8M on Coral Gables mansion

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project