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Oil exec scores Coral Gables estate for huge discount at auction
Waterfront mansion originally listed for $68M sold for $25.5M
UPDATED May 2, 4:20 p.m.: A Coral Gables waterfront estate once listed for $68 million sold for $25.5 million at auction, marking a 62.5 percent discount off the original asking price.
Steven Lempera, president of Mokena, Illinois-based Future Environmental, bought the mansion at 41 Arvida Parkway, records show. It was sold at an auction held by Concierge Auctions on March 19 to 22.
Marc Hameroff and Lourdes Alatriste of Engel & Völkers Miami had the listing for the 14,000-square-foot estate. Hameroff said the initial $68 million asking price from February dropped to $30 million before the auction.
The sale price does not include a buyer’s premium of about 12 percent, Hameroff said. Jill Herzberg of The Jills Zeder Group at Coldwell Banker represented the buyer.
Vincent Miclet, who owns PetroPlus Overseas, an Angola-based petroleum company, sold the nine-bedroom, nine-and-three-half-bathroom home. He had purchased it through ICB Properties of Miami LLC for $25 million in 2012, according to property records. Hameroff had said the owner gutted the former Mediterranean house on the property and rebuilt it, intending to keep it for his own use. But he decided he was not moving to the United States, according to Hameroff.
The buyer also owns units 3801 and 3802 at Portofino Tower at 300 South Pointe Drive, records show.
His Future Environmental is one of the Midwest’s largest used oil collection companies and also provides environmental services, according to its website. GFL Environmental Inc. said in November it was acquiring Future Environmental for an undisclosed amount.
The Coral Gabes 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.