The Real Deal Miami

Former model Elle Macpherson buys Coral Gables house for $8.1M

She got $53 million in cash and a $26 million home in her 2017 divorce from billionaire developer Jeffrey Soffer
July 21, 2018 11:21AM

Elle Macpherson bought this Coral Gables home through Teach Nua 9550 LLC, the Daily Mail reported. (Credit: Engel & Volkers)

Former model Elle Macpherson, whose four-year marriage to billionaire real estate developer Jeffrey Soffer ended in 2017, purchased a waterfront house in Coral Gables for $8.1 million.

The house is in a gated Coral Gables community where residents belong to the Journey’s End Homeowners Association.

A real estate development company listed the  house for sale in 2014 for $11.4 million and lowered its asking price several times, settling at $8.9 million before Macpherson bought the property for $8.1 million, or about $975 per square foot.

She got a $6.1 million mortgage loan from Florida Community Bank to finance the purchase.

Macpherson bought the house anonymously through a company called Teach Nua 9550 LLC, which is managed by attorney Thomas Ringel. The transaction closed in February.

But Macpherson later was identified by name in ownership records as a new member of the Journey’s End Homeowners Association.

Real estate developer Louis Wolfson III, president of the homeowners association, wrote a letter to Macpherson to announce the approval of her application to join the association.

Her newly acquired house has seven bathrooms and six and a half bathrooms. It spans more than 8,300 square feet and occupies a 1.71-acre lot that features a tennis court, private dock and saltwater swimming pool.

Elle Macpheson and Jeffrey Soffer (Credit: Getty Images)

The Daily Mail also reported that Macpherson, 54, shares the Coral Gables house with her boyfriend Andrew Wakefield, 61, a former British doctor who helped to launch a movement against measles vaccines with faulty research showing they could cause bowel disease and autism. Wakefield lost his license to work as a doctor in England.

Macpherson reportedly got $53 million in cash and a home valued at $26 million as a result of her 2017 divorce from Soffer, who owns Aventura-based Turnberry Associates together with his sister Jackie Soffer. Their family developed the Turnberry Isle resort and the Aventura Mall. [Daily Mail] – Mike Seemuth