Oil exec scores Coral Gables estate for huge discount at auction

Waterfront mansion originally listed for $68M sold for $25.5M

Miami /
May.May 02, 2019 12:30 PM
Lourdes Alatriste, Marc Hameroff, and 41 Arvida Parkway

Lourdes Alatriste, Marc Hameroff, and 41 Arvida Parkway

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.


Related Articles

arrow_forward_ios
Ashar Aziz with an aerial of 8525 Old Cutler Road in Coral Gables (LinkedIn; Google Maps)

Hedge funder buys Coral Gables lot for $18M

Hedge funder buys Coral Gables lot for $18M
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
Dan Azel & 130 Solano Prado, Coral Gables (Google Maps, LinkedIn)

Construction honcho buys waterfront Coral Gables home for $5M

Construction honcho buys waterfront Coral Gables home for $5M
8860 Hammock Lake Court (Boschetti Realty Group, LLC. via Redfin)

Developer Jose Boschetti sells his Coral Gables lakefront home for $7M

Developer Jose Boschetti sells his Coral Gables lakefront home for $7M
Alta Developers’ Raimundo Onetto and a rendering of the project

Alta pays $17M for Coral Gables site to build mixed-use multifamily project

Alta pays $17M for Coral Gables site to build mixed-use multifamily project
Sam Nazarian with 8815 Arvida Drive (Getty, REWS Miami - David Hernandez)

Sam Nazarian pays $14M for waterfront Coral Gables estate, plans to move from LA

Sam Nazarian pays $14M for waterfront Coral Gables estate, plans to move from LA
Life Time Coral Gables rendering with Niven Patel (Life Time, Ghee Hospitality)

Niven Patel, Graziano’s ink restaurant leases at Life Time Coral Gables

Niven Patel, Graziano’s ink restaurant leases at Life Time Coral Gables
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...