JP Morgan managing director buys mansion near Coral Gables

Sale closed before coronavirus shut down business

TRD MIAMI /
Mar.March 25, 2020 12:30 PM
Chad Carroll, Matthew Dugow and Liz Hogan with 8750 Ponce de Leon Road (Credit: Douglas Elliman)

Chad Carroll, Matthew Dugow and Liz Hogan with 8750 Ponce de Leon Road (Credit: Douglas Elliman, Daniel Petroni Photography)

A managing director at J.P. Morgan in New York paid $6.85 million for a mansion near Coral Gables.

Property records show 8750 Ponce LLC, led by Dennis Day, sold the 10,050-square-foot house at 8750 Ponce de Leon Road in Miami to David R. Reiser and Andrea R. Reiser. David Reiser is managing director and a financial adviser with J.P. Morgan Securities, as well as an author of financial planning books.

Chad Carroll and Matthew Dugow of Douglas Elliman listed the property, and Liz Hogan of Compass brought the buyer.

The seven-bedroom estate was built in 2014 and was designed by Kobi Karp. It includes a guest house, theater, indoor gym, squash court, basketball court, heated pool, and three-car garage, according to the listing. It also has smart home features, Lutron lighting, a Mia Cucina kitchen, a generator and a Creston home automation system.

The sale closed before businesses began shutting down due to coronavirus.

The home hit the market in 2017 for $8.9 million, and was listed again in October of last year for just under $8 million. It sits on a 1.4-acre property that last sold in 2010 for $1.55 million.

The Reisers also own an estate in Narragansett, Rhode Island, that they are looking to sell with Compass agent Jeannemarie Conley.


Related Articles

arrow_forward_ios
Yonder Alonso and 7263 Southwest 53rd Court (Getty)

Baseball player Yonder Alonso sells Coral Gables home

Baseball player Yonder Alonso sells Coral Gables home
Bahram Akradi and model apartments at the Coral Gables development (Getty, Life Time) 

Life Time launches preleasing of $500M Coral Gables mixed-use multifamily project

Life Time launches preleasing of $500M Coral Gables mixed-use multifamily project
Brian Kingston and Merrick Park

Here’s what tenants are paying at Shops at Merrick Park

Here’s what tenants are paying at Shops at Merrick Park
Pablo Cejas, Bill Kerdyk, and 147 Alhambra Circle

Pablo Cejas adds to downtown Coral Gables assemblage

Pablo Cejas adds to downtown Coral Gables assemblage
24 Tahiti Beach Island Road (Douglas Elliman)

Ambulance and transportation CEO buys Tahiti Beach mansion for $10M

Ambulance and transportation CEO buys Tahiti Beach mansion for $10M
150 Arvida Parkway (Credit: The Jills Zeder Group/photography by Emilio Collavino and Lifestyle Production Group)

Waterfront Gables Estates mansion sells at deep discount

Waterfront Gables Estates mansion sells at deep discount
Manny Machado & 9261 School House Road (Credit: Harry How/Getty Images)

Baseball player Manny Machado buys Coral Gables spec mansion for $7M

Baseball player Manny Machado buys Coral Gables spec mansion for $7M
535 Casuarina Concourse and Howard Wolofsky

Educational software firm founder buys Gables Estates home for $6M

Educational software firm founder buys Gables Estates home 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...