Waterfront Coconut Grove mansion sells for $49M

A hidden buyer paid $49 million for a waterfront mansion in Miami’s Coconut Grove, marking the most expensive home sale so far this year in Miami-Dade County. 

Property records show Carlos Hakim, Luciana Haddad Hakim and the Hakims’ Mooring Investments sold the six-bedroom, two-story home at 3301 South Moorings Way. Gladswood LLC, a Delaware company, acquired the 0.6-acre property in the Grove.

The 8,879-square-foot house, built in 2007, last sold in 2010 for $10.1 million. It just sold for almost five times that amount in what appears to be an off-market deal. 

Carlos Hakim is a neuroscientist and biomedical engineer who was involved in developing an implantable device to treat a form of dementia. Luciana Haddad Hakim is an attorney who focuses on international transactions, according to her LinkedIn. 

Their sale is the most expensive in Coconut Grove this year. In March, a company led by wealth manager Paul Morelli paid $48.5 million for a waterfront home at 3007 Brickell Avenue in northeast Coconut Grove, adding to a multi-acre assemblage. That was also an off-market deal. 

Morelli also manages the trust that acquired the waterfront home next door at 3029 Brickell Avenue in late 2014 for $29 million, records show. 

On the same street, billionaire hedge fund manager Ken Griffin paid nearly $107 million last year to acquire Adrienne Arsht’s former waterfront Miami estate at 3115 Brickell Avenue, which spans 4 acres. Griffin has proposed moving the historic home on the property, sparking criticism from preservationists. The Citadel founder and CEO moved Citadel and Citadel Securities’ headquarters to Miami from Chicago.

The continued decline in residential sales, which began about a year ago after mortgage rates skyrocketed, and slowdown in price growth have both prompted some sellers of luxury properties to reduce their asking prices or sell at discounts. Still, the ultra-luxury market has continued to notch record deals from Miami to Palm Beach.