Fresh off Lionheart SPAC merger, John Ruiz drops $25M on Gables Estates mansion

14K sf property down street from another large estate Ruiz and wife Sandra own

Miami /
Sep.September 10, 2021 11:30 AM
John Ruiz with 530 Arvida Parkway (LPG for One Sotheby’s International Realty, John Ruiz)

John Ruiz with 530 Arvida Parkway (LPG for One Sotheby’s International Realty, John Ruiz)

Prominent Miami attorney, entrepreneur and philanthropist John Ruiz paid $25 million for a waterfront mansion in Gables Estates, The Real Deal has learned.

Aviation parts company owner Randy Fiorenza and his wife, Sandra, sold the 14,433-square-foot, eight-bedroom property at 830 Arvida Parkway in Coral Gables to Ruiz, according to sources. It’s down the street from another huge estate Ruiz owns.

Randy and Sandra Fiorenza

Randy and Sandra Fiorenza

Ruiz founded MSP Recovery Law Firm and MSP Recovery, which helps recover Medicare and Medicaid healthcare payments. In July, MSP Recovery merged with Ophir Sternberg’s special purpose acquisition company Lionheart Acquisition Corp. II. The deal valued Ruiz’s stake at nearly $23 billion, according to Bloomberg.

Ruiz’s new two-story estate in Coral Gables, designed by Ramon Pacheco, features marble walls, carved stone elements, Venetian plaster, crystal chandeliers and a 600-bottle custom wine cellar. The property includes a new seawall, dock, guest quarters and a waterfront pool.

530 Arvida Parkway (LPG for One Sotheby’s International Realty)

530 Arvida Parkway (LPG for One Sotheby’s International Realty)

Sandra Fiorenza, an agent with One Sotheby’s International Realty, represented herself and her husband in the deal. The property was most recently asking $25.9 million. Alex Pirez of Mocca Real Estate represented the buyer.

The Fiorenzas paid $7.3 million for the property in 2007. He and his wife built the home the following year. Randall Fiorenza owns Pan Am Flight Academy and is president of the aviation parts company Tiger Aircraft Trading.

Late last year, the couple paid $16 million for a unit at Palazzo Della Luna on Fisher Island, months after selling their waterfront mansion at 340 Leucadendra Drive, also in Gables Estates, for $12.3 million.

Ruiz also owns the double-lot estate at 620 Arvida Parkway. He acquired the property from Leon Medical Centers founder Benjamin Leon Jr. for $49 million in April 2020.





    Related Articles

    arrow_forward_ios
    Miami Skyline
    South Florida by the numbers: A look back at 2022
    South Florida by the numbers: A look back at 2022
    Gina Rinehart with 107 Dolphin Road and 6 Via Los Incas in Palm Beach
    Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
    Australian billionaire family linked to Palm Beach home purchases totaling $100M-plus
    Tommy and Dee Hilfiger with 930 South Ocean Blvd in Palm Beach (Google Maps, Getty)
    Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
    Super broker Lawrence Moens sells Palm Beach estate to Tommy Hilfiger for $37M
    John Ruiz with 530 Arvida Parkway
    John Ruiz sells waterfront Gables Estates home for discounted $30M
    John Ruiz sells waterfront Gables Estates home for discounted $30M
    Former NFL owner Dwight Schar, 550 S Ocean Blvd, Palm Beach
    Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
    Billionaire former NFL owner Dwight Schar sells Palm Beach estate for $45M
    (Illustration by The Real Deal with Getty)
    South Florida residential dollar volume falls 50% in December
    South Florida residential dollar volume falls 50% in December
    3565 North Ocean Boulevard, Gulf Stream and J&K Ingredients' James Sausville
    Baking mogul scores $32M on oceanfront estate flip
    Baking mogul scores $32M on oceanfront estate flip
    A photo illustration of 101 Holiday Drive in Hallandale Beach (Getty, Compass Real Estate, Google Maps)
    Israeli investor pays record $10M for waterfront Hallandale Beach home
    Israeli investor pays record $10M for waterfront Hallandale Beach home
    arrow_forward_ios

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

    Loading...