Del Toro Insurance’s chiefs paid $5.7 million for a mansion on the Coral Gables Waterway.
Records show Angel and Elena Del Toro bought the waterfront home at 380 Isla Dorada Boulevard in Coral Gables’ Cocoplum neighborhood. The sellers are Juan Reinaldo Perez and Zoila Perez.
Angel Del Toro is CEO of Miami-based Del Toro Insurance, while Elena Del Toro is senior vice president of the company. Del Toro Insurance was founded in 1998 and specializes in automobile insurance policies in Florida, according to its Linkedin page.
The Perez family purchased the property for $250,000 in 1987, records show. The two started constructing the current home in 1992, according to records. The house was completed in 1995.
The 10,009-square-foot mansion was first listed in 2009 for $8.6 million. After years of price changes, the most recent asking price was $6 million in June of last year. Lourdes Alatriste of Douglas Elliman represented the sellers.
The six-bedroom, five-and-a-half-bathroom home was built on a 0.6-acre lot, records show. The property also includes a 45-foot dock, according to the listing.
Other recent pricey home sales in Coral Gables include the founder of TechCrunch buying a waterfront home for $16 million, Marc Anthony selling his waterfront estate for $22.4 million, and a hedge funder paying $11.8 million for a spec mansion.