Bad investment? Citibank president sells waterfront Coral Gables home for $5M

Jane Fraser and her husband, Alberto Piedra, paid $6.1M for the home in 2015

Miami /
Sep.September 04, 2020 08:45 AM
185 Los Pinos Ct, Coral Gables and Jane Fraser (Realtor, Citibank)

185 Los Pinos Ct, Coral Gables and Jane Fraser (Realtor, Citibank)

The president of Citibank, who is also CEO of global consumer banking, sold her waterfront Coral Gables home for $5.3 million, a discount from its purchase price five years ago.

Jane Fraser and her husband, Alberto Piedra, sold their nearly 7,000-square-foot, five-bedroom, five-and-a-half bath home at 185 Los Pinos Court to Jose Da Costa Gomez and his wife, Annelies, records show.

Jose Da Costa Gomez is president and CEO of King Ocean Services, a cargo transportation service, according to the company’s website.

The home is located in a private cul-de-sac within a gated community. It boasts 112 feet of water frontage and a 69-foot private dock, according to the listing.

Lindsey E. Brown of EWM Realty International represented Fraser, while Saddy Delgado of ONE Sotheby’s International Realty represented the Da Costa Gomez family, according to Realtor.com. The property was initially listed in January for $6.3 million and reduced to $5.8 million in February.

Records show Fraser and Piedra paid $6.1 million for the Coral Gables home in 2015. It was built in 1990, with additions in 2000, and 2011.

Fraser, originally from the United Kingdom, has global responsibility in 19 countries at Citi. Before being named president of Citi in the fall of 2019, she was the CEO of Citi Latin America for four years, according to the company’s website.

Among other recent Coral Gables sales, sports agent Jeffrey A. Schwartz bought a home in the Snapper Creek Lakes community of Coral Gables for $5 million in August, and the president of a charter airline company paid $14.9 million for an estate on the Coral Gables Waterway. In April, Pharrell Williams paid $30 million for a Coral Gables estate.


Related Articles

arrow_forward_ios
Placeholder image
Location Ventures sells Coral Gables luxury student co-living building
Location Ventures sells Coral Gables luxury student co-living building
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Jeff Bezos and his parents, Jackie and Mike Bezos, with 9501 Journeys End Lane (Douglas Friedman, Getty)
Jeff Bezos’ parents close on second Coral Gables mansion for $44M
Jeff Bezos’ parents close on second Coral Gables mansion for $44M
Allen and Spencer Morris, a rendering of the Ponce Park Residences, Mayor Vince Lago and Commissioner Rhonda Anderson (Oppenheim Architecture, Alan Morris, City of Coral Gables)
Coral Gables commission gives Allen Morris another chance for Ponce Circle project
Coral Gables commission gives Allen Morris another chance for Ponce Circle project
Jeff Bezos and his parents, Jackie and Mike Bezos, with 9475 Journeys End Road (Douglas Elliman Realty, Illustration by The Real Deal with Getty)
Jeff Bezos’ parents tied to $34M purchase of waterfront Coral Gables mansion
Jeff Bezos’ parents tied to $34M purchase of waterfront Coral Gables mansion
Asia PH on Brickell Key (Fortune International Realty, Illustration by Priyanka Modi for The Real Deal with Getty)
Asia PH on Brickell Key tops Miami-Dade’s weekly condo sales
Asia PH on Brickell Key tops Miami-Dade’s weekly condo sales
Oceana Bal Harbour
Oceana Bal Harbour closing tops Miami-Dade’s weekly condo sales
Oceana Bal Harbour closing tops Miami-Dade’s weekly condo sales
Plaza 100 building and the Brickell Arch office tower (JLL, Brickell Arch, iStock)
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
arrow_forward_ios

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

Loading...