The Real Deal Miami

Coral Gables mansion listed for $68M heads to auction

Waterfront estate on Arvida Parkway will be auctioned with no reserve March 19-22
By Ina Cordle | February 25, 2019 05:30PM

Marc Hameroff, Lourdes Alatriste, and 41 Arvida Parkway

A Coral Gables waterfront mansion listed for $68 million will head to auction next month, and could mark one of the highest-priced residential sales in Miami-Dade County.

The estate at 41 Arvida Parkway hit the market last week, and will be auctioned March 19-22 by Concierge Auctions, said Marc Hameroff, who has the listing with Lourdes Alatriste. Both work for Engel & Völkers Miami.

The 14,000-square-foot, nine-bedroom, nine-and-three-half-bathroom home will be auctioned without a reserve. The property was last purchased for $25 million in 2012, according to property records. ICB Properties of Miami LLC, led by Vincent Miclet, who owns PetroPlus Overseas, an Angola-based petroleum company, owns the estate.

Hameroff said the owner, a French businessman, gutted the former Mediterranean house on the property and rebuilt it, intending to keep it for his own use. But he is not moving to the United States “and wants to get rid of the asset,” Hameroff said.

An auction is the best option to sell the home fast, Hameroff said. “Concierge will spend north of $250,000 in a six-week period and will get eyes on this property that would not normally see this, from all around the world,” he said.

The house, designed by Graciela Leanza, has 574 feet of water frontage on a 1.24-acre lot. It features a protected canal dock that can accommodate a 200-foot-plus mega-yacht with a separate sewer system and fresh water filling station. The home also has an outdoor summer kitchen, pool and separate captain’s quarters adjacent to the dock.

The estate is near the former waterfront mansion of auto magnate Alan Potamkin, at 1 Casa Casuarina Concourse, which Potamkin sold for $43.7 million in 2017.

Earlier this month, the $49.9 million sale of 3 Indian Creek Road on the exclusive Indian Creek Island set a new record for single-family home sales in Miami-Dade.