Coca-Cola bottling mogul and art collector Carlos de la Cruz Sr. sold his waterfront Key Biscayne mansion for $23.5 million.
Records show de la Cruz sold the house at 5 Harbor Point to an entity named for the address and managed by Alvaro Castro Mendivil Pinillos, the head of a Peruvian construction company.
Brigitte De Langeron with DLS International Realty had the listing, and Giulietta Ulloa with Berkshire Hathaway HomeServices EWM Realty brought the buyer.
Records show Castro Mendivil Pinillos bought the waterfront home at 1095 Mariners Drive, also in Key Biscayne, for $18 million last year.
De la Cruz built up Coca-Cola Puerto Rico Bottlers, which manufactures, bottles and distributes Coca-Cola products and other non-alcoholic beverages in Puerto Rico. He and his late wife, Rosa de la Cruz, collected contemporary art and displayed it in their museum, the De la Cruz Collection in the Miami Design District. It shuttered last year after her death, and a portion of their collection was auctioned by Christie’s for more than $114.7 million, ArtNews reported.
They bought the 0.7-acre Harbor Point property for $485,000 in 1982, records show. Built in 1954, the nearly 11,000-square-foot home has three bedrooms, four bathrooms, two half-bathrooms, a dock and a private beach, records and the listing show.
De la Cruz listed it for $26 million in April, according to Zillow.
It’s the latest expensive closing in Key Biscayne. In August, Latin American investment banker Daniel Canel and his wife, Silvia Estela, sold their waterfront home for $31.8 million. In July, another couple, Simon and Claire Mueller, sold their waterfront house for $18.9 million.
The price record in Key Biscayne is currently held by the waterfront estate of the Matheson family, one of the village’s founding families. The property was sold in 2015 for $47 million.
