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
Luis Castillo, Eric Williams, Danny Finkle and 6701 Red Road

Whole Foods-anchored retail in Coral Gables sells for $47M

Whole Foods-anchored retail in Coral Gables sells for $47M
23 Tahiti Beach Island Road and 4965 Southwest 82nd Street

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate
Chandler Joel Reedy, 300 Casuarina Concourse (Credit: Google Maps)

Private equity investor buys Gables Estates waterfront home

Private equity investor buys Gables Estates waterfront home
620 Arvida Parkway, Benjamin Leon Jr. and John H. Ruiz

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade

Gables Estates mansion sells for $49M, marking second biggest home sale ever in Miami-Dade
Rendering of Villa Valencia and Rishi Kapoor

Coral Gables condo developer offers zero-interest down-payment loans

Coral Gables condo developer offers zero-interest down-payment loans
Pharrell Williams (Credit: Craig Barritt/Getty Images)

He must be happy: Pharrell buys $30M Coral Gables home

He must be happy: Pharrell buys $30M Coral Gables home
Rendering of the new store and Publix CEO Todd Jones

Publix pays $23M for site of new Coral Gables store

Publix pays $23M for site of new Coral Gables store
700 Casuarina Concourse, Dennis Carvajal and Ray Rodriguez (Credit: Sotheby's International Realty and Marc Bryan-Brown/WireImage/Getty Images)

Former Univision exec sells Gables Estates home for $30M

Former Univision exec sells Gables Estates home for $30M
arrow_forward_ios

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

Loading...