Billionaire Jorge Mas and his spouse marketed their Pinecrest estate for $13.9 million, marking a record for the South Florida city.
The buyer, the village of Pinecrest, options to use the 5-acre property at 11855 Southwest 60th Highway as a park and indoor facility. Mas, a the greater part operator of Miami’s Big League Soccer staff, Inter Miami, is donating $3.9 million again to the village in exchange for naming rights. Florida Bulldog first reported on the village approving the sale. The park will be named after Mas’ wife, Aleyda Mas.
The deal shut on Thursday, a spokesperson for the buyer’s agent, Joshua Kaufman with The Buchbinder Team at Compass, informed The Genuine Deal. Mocca Realty’s Diana Gutierrez and Jorge Mas Jr. represented the sellers. Jorge Mas Jr. joined Mocca Realty this week, condition data present.
Mas, who is really worth $1.2 billion, in accordance to Forbes, is chairman of MasTec, the Coral Gables-primarily based design and engineering large that was launched by his late father, Jorge Mas Canosa. Mas is also running operator of Inter Miami and president of the Spanish soccer club Authentic Zaragoza.
Inter Miami plans a big combined-use intricate called Miami Liberty Park on the web-site of the town-owned Melreese golfing course in Miami. The staff, which final year scored soccer good Lionel Messi, has been participating in at Drv Pnk Stadium in Fort Lauderdale.
Mas was not living in the Pinecrest assets, the village manager said at a assembly late previous 12 months, in accordance to Florida Bulldog. It’s unclear where he and his wife are living. In 2021, Mas marketed his waterfront Coconut Grove mansion to diet moguls Roger and Sloan Barnett for nearly $46 million, resources instructed TRD. Mas keeps his household ownership non-public each the Pinecrest and Coconut Grove mansions were being owned by concealed land trusts.
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The Pinecrest residence was formerly owned by the Montgomery spouse and children, which contributed to the development of Fairchild Tropical Botanic Back garden. Raymond Jungles developed the primary landscaping of Mas’ residence, which features trails, gardens, a lagoon, tennis court, and an 11,000-square-foot major residence with 5 bedrooms, eight loos and two half-baths. It was finished concerning 1980 and 1982 and is in need of repairs, in accordance to Florida Bulldog.
A range of product sales in modern several years have set new data in Pinecrest. In Oct, a spec developer bought the mansion at 10860 Southwest 67th Courtroom to a hidden purchaser for $11.2 million, marking the preceding report. In June, retired Boston Crimson Sox to start with baseman David Ortiz bought his Pinecrest mansion for $10.6 million, now the third most highly-priced sale in the village.
