Miami couple seek court action to push through sale of “Yachtman’s Paradise” home

Seller won’t explain why he refuses to close the $2M sale, lawsuit alleges

TRD MIAMI /
Jan.January 16, 2019 04:30 PM

Douglas Gallagher and 13061 Lerida Street (Credit: Redfin)

When it comes to buying one particular five-bedroom, five-bathroom waterfront house in Gables by the Sea, one Miami couple isn’t taking no for an answer.

On Jan. 8, Juan Carlos and Natalie Mederos sued the property’s current owner, Douglas Gallagher, for backing out of a deal to sell them the house for $2.19 million last month. The Mederos are seeking a court order to force Gallagher to close and turn over the property.

“He wants to rescind the contract, but won’t give a reason why,” said David Winker, the attorney representing the Mederos. “It’s a pretty unusual case in that rarely does the seller back out at the last minute. I’ve only seen it happen during a boom when someone will come along with a bigger offer.”

A Coral Gables businessman, Gallagher is the brother of former Florida Insurance Commissioner Tom Gallagher and he is married to Vietnamese Princess Thi-Nga. They own the Poetic Moon winery in Napa Valley and are very active in South Florida’s social scene. According to Zillow, the Gables by the Sea house is currently listed for $2.5 million and is billed as a “Yachtman’s Paradise” featuring 92 linear feet of dock and seawall with direct ocean access. Gallagher’s lawyer Nicholas Siegfried declined comment.

According to the lawsuit, the Mederos entered into a residential sales contract and put down a $200,000 deposit to buy Gallagher’s house at 13061 Lerida Street for $2.2 million. After three addendums, the price was negotiated down to $2.19 million, the complaint alleges.

The Mederos allege Gallagher breached the contract on Nov. 9 by refusing to allow them to conduct an insurance inspection. Instead, Gallagher hired his own inspector who produced a report containing a number of alleged falsehoods. For instance, the report allegedly stated that the home’s entire plumbing system was replaced in 2005 when the property still has its original cast iron pipes, some of which leak, the lawsuit claims.

Despite meeting all their obligations, Gallagher’s lawyer informed the Mederos on Dec. 10 that his client would not be closing the transaction. Both sides attempted to mediate, but could not break the impasse, the lawsuit states.

Florida law allows buyers to request a judge to force sellers to consummate a real estate contract, Winker said. “A judge can force him to hand over the property,” he said. “If he loses, he has to sell the house plus pay all of my clients’ attorney fees so the stakes couldn’t be higher. “


Related Articles

arrow_forward_ios
Glenn Straub (Credit: iStock)

Wellington developer Glenn Straub charged with larceny

Charles Cohen, Design Center of the Americas

DCOTA refinances, avoids foreclosure

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

Greystar sells The Mile apartments for $40M

Robert Zangrillo and a rendering of the Magic City Innovation District (Credit: Wikipedia)

Developer Bob Zangrillo faces new charges for website scams

Apeiron at The Jockey Club partners fight over failed $20M deal: lawsuit

Apeiron at The Jockey Club partners fight over failed $20M deal: lawsuit

6855 Sunrise Drive (Credit: Google Maps)

Financier drops $13M for waterfront Coral Gables estate

These real estate power players are involved in 2019’s juiciest lawsuits (Credit: Getty Images)

Here are South Florida’s juiciest lawsuits of 2019

Olympia Theater (Credit: Getty Images)

Maurice Gusman heirs sue city of Miami to regain ownership of Olympia Theater

arrow_forward_ios
Loading...