Luxury car dealership honcho Adam Gordon bought a mansion in Aventura’s exclusive Island Estates for $6.5 million, The Real Deal has learned.
Gordon, CEO and owner of Fort Lauderdale Collection, bought the five-bedroom house at 3911 Island Estates Drive.
The seller was Joshua Coba, co-founder of European Wax Center hair removal salon chain.
Coba bought the mansion in 2013 for $2.8 million. Chad Carroll of The Carroll Group at Compass closed the new sale.
The 4,803-square-foot home has five bedrooms and six and a half bathrooms. Designed by Ramon Pacheco, it has arched glass windows and doors, a powder room and a master bath with a $20,000 cast iron soaking tub overlooking the bay.
The exterior boasts a pool, fire pit and summer kitchen with two grills and a bar. The house was built in 2004, property records show.
Coba founded the European Wax Center in 2004 with his brother, David Coba, in Aventura. Now headquartered in Plano, Texas, the publicly traded salon chain has locations throughout the U.S.
Gordon’s Collection dealership was founded by his grandfather in the 1980s, with Gordon adding to the luxury and sports car business model by offering collectible cars. Inventory includes Bentleys and Lamborghinis, according to the company website.
The Collection’s customers have included professional athletes, including the NBA’s Shaquille O’Neal, according to media reports.
Gordon’s new home is on Island Estates’ southern island, an enclave of 22 mansions overlooking Dumfoundling Bay. The northern island is home to the luxury Privé at Island Estates condominium.
In 2020, DJ Khaled sold the house across the street from the one Gordon purchased for $4.8 million, 40 percent off the nearly $8 million asking price.
Residential real estate on the South Florida waterfront has seen an influx of top-dollar deals, partly from Northeasterners searching for more living space during the pandemic. In October, former French vaccine executive Olivier Brandicourt and his wife, Diane, paid $7.5 million for a Key Biscayne mansion.