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

TRD MIAMI /
Jul.July 21, 2018 11:21 AM

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


Related Article

arrow_forward_ios
Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Chad Carroll with 20 Tahiti Beach Island Road (Credit: Redfin)

Tahiti Beach Island manse sells for half its original ask

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

AmTrust office building at 2701 Ponce de Leon in Coral Gables

AmTrust Bank building sells in Coral Gables

Allen Morris and Miracle Mile (Credit: Wikipedia)

Mixed-use projects in downtown Coral Gables will fuel population and commercial tenant growth: panel

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

arrow_forward_ios