Hedge fund executive pays $12M for Coral Gables spec mansion

Asking price was raised to $13M last year

Location Ventures developer Rishi Kapoor sold a spec mansion in Coral Gables to a financial executive from New York.

Property records show Tarigh Yusufi, who works at New York-based Steadfast Capital Management, paid $11.8 million for the six-bedroom, 10,264-square-foot home at 8325 Cheryl Lane.

The non-waterfront home hit the market in 2019 before it was completed for $11.9 million, but the price was raised last year to $13 million.

Jorge Uribe with One Sotheby’s International Realty represented the sellers, while Ian Krawiecki Gazes of Compass represented the buyer.

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Designed by Cesar Molina of CMA Design Studio, the two-story mansion includes six bedrooms, seven bathrooms and three half-bathrooms. The home also features a wine room, a lap pool, gym and a garage that fits up to eight cars, according to the listing.

A Location Ventures affiliate paid $1.8 million for the Ponce Davis property in 2016.

This month, Kapoor’s company paid $20 million for two commercial buildings in Miami Beach.

Other home sales in Coral Gables include Arnaud Karsenti’s sale of his lakefront home for $8.5 million and a former investment banker’s $28.9 million purchase of a Tahiti Beach home.

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Hedge fund executive pays $12M for Coral Gables spec mansion

Asking price was raised to $13M last year

Location Ventures developer Rishi Kapoor sold a spec mansion in Coral Gables to a financial executive from New York.

Property records show Tarigh Yusufi, who works at New York-based Steadfast Capital Management, paid $11.8 million for the six-bedroom, 10,264-square-foot home at 8325 Cheryl Lane.

The non-waterfront home hit the market in 2019 before it was completed for $11.9 million, but the price was raised last year to $13 million.

Jorge Uribe with One Sotheby’s International Realty represented the sellers, while Ian Krawiecki Gazes of Compass represented the buyer.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Designed by Cesar Molina of CMA Design Studio, the two-story mansion includes six bedrooms, seven bathrooms and three half-bathrooms. The home also features a wine room, a lap pool, gym and a garage that fits up to eight cars, according to the listing.

A Location Ventures affiliate paid $1.8 million for the Ponce Davis property in 2016.

This month, Kapoor’s company paid $20 million for two commercial buildings in Miami Beach.

Other home sales in Coral Gables include Arnaud Karsenti’s sale of his lakefront home for $8.5 million and a former investment banker’s $28.9 million purchase of a Tahiti Beach home.

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