Investor sells Coral Gables estate for $14M

Waterfront property includes home theater, basketball court, 300 feet of water frontage

Miami /
Jul.July 12, 2019 09:45 AM
9501 Journey’s End Lane and Dennis Carvajal (Credit: One Sotheby’s International Realty)

9501 Journey’s End Lane and Dennis Carvajal (Credit: One Sotheby’s International Realty)

UPDATED, July 12, 10:53 a.m.: Coral Gables investor Tony Blank sold his waterfront estate in the gated Journey’s End neighborhood for nearly $14 million.

Blank, who owned the 8,700-square-foot, six-bedroom, seven-and-a-half bathroom home through a trust, sold the property to Anthony M. Lopez, according to a spokesperson for One Sotheby’s International Realty. The sale marks the highest in Journey’s End, which near Gables Estates.

Dennis Carvajal of One Sotheby’s represented the buyer and seller.

The 2.2-acre property was developed in 2007 and includes a home theater, basketball court, a pool, dock and cabana. It has more than 300 feet of water frontage. It’s not too far from supermodel Elle Macpherson’s home, which she purchased last year for $8.1 million after her divorce from Jeffrey Soffer.

Blank owns TB Cap LLC, a real estate investment firm, according to LinkedIn.

Gables Estates and the surrounding Coral Gables neighborhoods are home to a number of wealthy entrepreneurs, including developer Mike Fernandez, Armando Codina, Javier Cervera and technology billionaire Manny Medina.

Medina, who sold his company, Terremark, to Verizon Communications for $1.4 billion in 2011, recently listed his mansion for sale asking $17.5 million.

About two years ago, auto magnate Alan Potamkin sold his Gables Estates mansion for $43.7 million, setting a new record.

Correction: An earlier version of this story incorrectly stated that Journey’s End is part of Gables Estates. It is a separate neighborhood. 


Related Articles

arrow_forward_ios
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
The Coral Gables office building (United Dream Real Estate, Getty)
Dental clinic buys distressed Coral Gables office building for $7M
Dental clinic buys distressed Coral Gables office building for $7M
Stephen Bittel of Terranova and 300 Miracle Mile 
Stephen Bittel’s Terranova buys corner property on Miracle Mile in Coral Gables
Stephen Bittel’s Terranova buys corner property on Miracle Mile in Coral Gables
4884 Southwest 88th Street, Coral Gables with Nyssa and William Kourakos (Google Maps, Getty)
Quirch Foods owner sells Coral Gables home for $6M
Quirch Foods owner sells Coral Gables home for $6M
Marc Anthony and the Coral Gables estate. (Getty, Nexxos Realty via Compass)
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
The Coral Gables property (Compass / One Sotheby's)
Wealth manager buys waterfront Coral Gables mansion for $15M
Wealth manager buys waterfront Coral Gables mansion for $15M
Jose Mas with 100 Arvida Parkway and Armando Codina with 70 Casuarina Concourse (MasTec, Game Properties, Codina Partners)
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
In Coral Gables, Armando Codina sells teardown and Jose Mas buys dev site
The six-bedroom Coral Gables house. (Compass / Zignavisual Photography, Del Toro Insurance)
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
Del Toro Insurance tycoons buy waterfront mansion in Coral Gables for $6M
arrow_forward_ios

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

Loading...