Jorge Mas Sells 7.3 Acre Land In Coconut Grove For $100M With Alex Pirez And Brett Harris
$100,000,000
Building Size
—
Asset Type
Land
Closing
Dec 3, 2025
AI
A company tied to billionaire Jorge Mas sold a 7.3-acre waterfront residential lot located on Douglas Road in Coconut Grove for $100,000,000. This transaction is one of Miami-Dade’s priciest residential trades this year, reflecting a significant market value.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $100,000,000
- Address: Douglas Road
- Market: Coconut Grove
- Acres: 7.3
- Seller: Jorge Mas
- Seller's Representative: Alex Pirez - Mocca Realty
- Buyer's Representative: Brett Harris - Bespoke Real Estate
The off-market deal, which is not yet recorded, appears to be a flip by Jorge Mas, who reportedly acquired the LLC owning the land earlier this year from an entity connected to art collector Ella Fontanals-Cisneros.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93