Ventura De Paz Acquires Development Site In Coral Gables For $65M

An exclusive development site located in Gables Estates was recently sold for $65,000,000. The property, situated at 220 Leucadendra Drive in Coral Gables, spans 43,965 square feet with a price per square foot of $1,478. The building size is 17,550 square feet, equating to a price per building square foot of $3,704. The site features over 230 feet of deep water dockage, a 7-bedroom, 7-bathroom home, and a 6-car garage, all resting on over 1 acre of land.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Buyer: Ventura De Paz
• Seller: Ivan Herrera
• Broker: Alejandro Hernandez

The deal was facilitated with Ventura De Paz as the buyer, acquiring the property from the seller, Ivan Herrera. Alejandro Hernandez, representing the transaction as the broker, played a key role in the sale of this prestigious development site.