Touchdown: University of Miami coach buys flipped mansion near Coral Gables

Mansion’s sellers paid $900K less for it last year

Miami /
Apr.April 28, 2022 06:10 PM
University of Miami’s Mario Cristobal with the mansion on Southwest 53rd Avenue (Getty, Zillow, Illustration by Shea Monahan for the Real Deal)

University of Miami’s Mario Cristobal with the mansion on Southwest 53rd Avenue (Getty, Zillow, Illustration by Shea Monahan for the Real Deal)

University of Miami’s head football coach Mario Cristobal scored a new mansion, months after signing a huge contract with UM, The Real Deal has learned.

Cristobal paid $7.9 million for a non-waterfront home on Southwest 53rd Avenue in the Ponce-Davis neighborhood, near Coral Gables, according to a source. Records show Emily McLellan and Robert Scott McLellan sold the property to a land trust in March.

Cristobal signed an $80 million, 10-year contract with the university last year, replacing former head coach Manny Diaz.

The McLellans paid $7 million for the six-bedroom, seven-and-a-half-bathroom house in May of last year, which means they sold it or 13 percent more in less than a year.

The 8,829-square-foot estate sits on a 1.1-acre lot. It was built in 2005. The property hit the market in September for nearly $8 million, and was on and off the market a few times before the flip.

Compass agent Angel Nicolas represented the sellers in the most recent deal, according to Realtor.com. Diana Gutierrez with Mocca Realty represented the buyer. Nicolas declined to comment, and Gutierrez did not immediately respond to a request for comment.

Recent buyers have been flipping their luxury properties, taking advantage of the boom in demand for multimillion-dollar homes.

Ponce-Davis, a non-waterfront area in unincorporated Miami-Dade, has seen a handful of big sales in recent months. Athletes have long flocked to the neighborhood, including Alex Rodriguez.

Just this week, former Real Housewife of Miami Cristy Rice, who was previously married to three-time NBA All-Star Glen Rice, sold her nearby Miami home at 4835 Southwest 82nd Street for $5.1 million.

In January, Miami Heat star Jimmy Butler paid $7.4 million for a house in the area’s Stonegate community.





    Related Articles

    arrow_forward_ios
    Location Ventures founder and CEO Rishi Kapoor along with a rendering of the planned 16-story condominium at 1505 Ponce De Leon Boulevard in Coral Gables (Location Ventures, Hamed Rodriguez Architect)
    Location Ventures proposes 16-story Coral Gables condo building, puts Tibor Hollo-owned site under contract
    Location Ventures proposes 16-story Coral Gables condo building, puts Tibor Hollo-owned site under contract
    Real estate investor Michael Klinger and 56 Bal Bay Dr, Bal Harbour (Zillow, Jon Mann/Jills Zeder Group)
    Investor buys waterfront Bal Harbour mansion for $15M, plans to renovate it and flip it for $30M
    Investor buys waterfront Bal Harbour mansion for $15M, plans to renovate it and flip it for $30M
    Buyer Armen Avanessians and 157 Peruvian Avenue (Goldman Sachs, Realtor.com, iStock)
    Former Goldman Sachs exec drops $12M on Palm Beach home
    Former Goldman Sachs exec drops $12M on Palm Beach home
    Larry Ellison and Jim Clark and 2000 South Ocean Boulevard (Getty, Sotheby’s)
    Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
    Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
    South Florida homes
    South Florida home sales plunge in May, as prices continue rising
    South Florida home sales plunge in May, as prices continue rising
    The Minorca condominium at 2030 Douglas Road in Coral Gables (iStock, CBRE, Illustration by Kevin Rebong for The Real Deal)
    Ex-Venezuelan official tied to $1B fraud gets 4+ years, must forfeit Coral Gables condo
    Ex-Venezuelan official tied to $1B fraud gets 4+ years, must forfeit Coral Gables condo
    From left: Christopher Galvin, Cindy Galvin, Jeffrey Walker and an aerial view of 662 Island Drive in Palm Beach (Florida Parcels, Colliers, LinkedIn/Jeffrey Walker, iStock)
    Trust linked to Motorola heirs buys Palm Beach estate for $46M
    Trust linked to Motorola heirs buys Palm Beach estate for $46M
    Andian Group's Andres Isaias with 1740 West 25th Street (Google Maps, Andres Isaias)
    Spec homebuilder Andres Isaias sells Sunset Islands teardown for $26M
    Spec homebuilder Andres Isaias sells Sunset Islands teardown for $26M
    arrow_forward_ios

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

    Loading...