Coral Gables waterfront is not the only recreation in town for superior-close authentic estate bargains.
Alex Pirez’s Mocca Acquisitions LLC offered a spec mansion for a non-waterfront space history of $21 million. The purchaser is mysterious, according to information.
Pirez, the broker-operator of Mocca Realty, had the Hammocks Lake listing, and Julian Johnston of the Corcoran Group introduced the purchaser.
In addition to remaining a broker, Pirez is also a developer and investor in the Miami region. His Mocca Team bought a partly concluded Gables Estates spec home for $12.3 million in 2020. He has brokered promotions for distinguished trial legal professional and genuine estate investor John Ruiz, as effectively as some of the Gables’ priciest offers, including a waterfront teardown that offered for $27.5 million in May well.
Pirez purchased the .9-acre Hammock Lake Drive gated-local community assets for $1.8 million in 2014, according to house documents. He tore down the present household and built a 13,000-square-foot mansion with seven bedrooms, 7.5 loos and a pool, according to the listing. House documents have not been up-to-date with full information of the new dwelling.
Demand from customers for South Florida’s gated luxurious communities has boomed in recent a long time, with extra and additional purchasers prioritizing privateness and security.
Cost progress for non-waterfront South Florida qualities surged in the course of the pandemic. But the marketplace has because cooled, while waterfront estates landed Coral Gables’ priciest product sales in modern months.
Shoe magnate Carlos Musso bought his waterfront Coral Gables residence to spec developers for $22 million earlier this thirty day period. Also this thirty day period, Hen founder Travis VanderZanden bought his waterfront mansion for $26 million, following very first listing it for $39.9 million more than a year in the past.
