Latin American investment banker Daniel Canel and his wife, Silvia Estela, sold their waterfront Key Biscayne home for $31.8 million.
The sale marks one of the most expensive residential trades on the island since 2015.
Canel, who is now managing director of DC Consulting Services, and Estela sold the property at 330 Harbor Drive to Farm House Trust. The true buyer is unknown.
One Sotheby’s International Realty’s Jorge Uribe represented the sellers. Brigitte de Langeron of DLS International Realty represented the buyer, according to the listing.
The 7,178-square-foot, six-bedroom and eight-bathroom house sits on more than half an acre with 120 feet of water frontage. It was built in 1996 and previously sold for $8.7 million in 2012. It was most recently asking $34.5 million.
The property underwent a renovation that was completed in 2014. It includes a private dock, rooftop pickleball court and a covered outdoor kitchen overlooking the water.
Canel previously led the international bank Patagon, which was acquired by Banco Santander Central Hispano. He has also worked for UBS Warburg, Chase and JP Morgan, according to his LinkedIn.
The luxury residential market in Key Biscayne has seen a handful of pricey deals in the last year. Nearly a dozen homes on the island are asking more than $15 million, according to Realtor.com.
In July, longtime homeowners Simon and Claire Mueller sold their property at 510 South Mashta Drive for $18.9 million. De Langeron was also involved in the sale of that waterfront home. Three months earlier, Jenny Katherine Lindley Suarez, a scion of Peru’s Lindley family, the makers of Inca Kola, paid $13.8 million for a waterfront home on the same street.
The existing record in Key Biscayne is still held by the sale of the former Matheson estate, a 2-acre property at 775 South Mashta Drive, a decade ago.
Developers are also paying attention. In April, Terra’s David Martin partnered with Edgardo Defortuna’s Fortune International Group to buy a 3.9-acre development site for a record $205 million. The partners are planning a 56-unit ultra-luxury condo building.
