550 Arvida Parkway in Coral Gables, John Ruiz and Benjamin Leon Jr. (Google Maps)
Leon Clinical Centers founder Benjamin Leon Jr. marketed a waterfront home in Gables Estates to John Ruiz, including to the demo attorney’s holdings in the community and marking however yet another deal between the two Miami businessmen.
A organization led by Leon sold the 5-bed room, virtually 6,300-square-foot household at 550 Arvida Parkway in Coral Gables to an LLC managed by Ruiz for $22 million, property records display. Ruiz, by yet another entity, also owns the household next door at 530 Arvida Parkway, bringing the overall he has compensated for equally houses to $47 million.
Leon’s 550 Arvida Financial investment LLC paid out $10.9 million in 2019 for the property Ruiz just bought, data display.
Ruiz, a well known University of Miami Hurricanes booster, owns Coral Gables-based MSP Recovery and MSP Recovery Legislation Business, which aim on recovering Medicare and Medicaid overall health treatment payments that ought to have been covered by other parties. MSP Restoration merged with Lionheart Acquisition Corp., a exclusive goal acquisition business owned by developer Ophir Sternberg, last year and later on done a reverse merger.
Ruiz has been in the news not too long ago for his proposal to construct a stadium for the University of Miami Hurricanes football crew at Miami-Dade County’s Tropical Park, likely so much as to have renderings established for the proposed challenge. The unsolicited stadium proposal has garnered substantial opposition from critics who are opposed to the county promoting park land.
Ruiz’s most modern Coral Gables acquisition could be a teardown, specially if he plans to incorporate it with the adjacent assets. The residence was built in 1971 and expanded in 2003, in accordance to property data. The 1-acre great deal includes a pool and dock. Ruiz did not immediately reply to a ask for for remark.
Alex Pirez with Mocca Realty was the listing agent. The house was asking $24 million, according to Real estate agent.com.
Last calendar year, Ruiz compensated $25 million for the mansion up coming door. He followed that with the $13.8 million sale of a teardown at 80 Leucadendra Drive, also in Gables Estates.
Two yrs ago, Ruiz paid out $49 million — at the time the next-best single-household household sale in Miami-Dade County — for Leon’s tropical resort-style mansion at 620 and 630 Arvida Parkway.
