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Douglas Road Coconut Grove

Jorge Mas Sells 7.3 Acre Land In Coconut Grove For $100M With Alex Pirez And Brett Harris
SOLDLand

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

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker
Bespoke Real Estate
Bespoke Real EstateBrokerage
Mocca Realty
Mocca RealtyBrokerage
Jorge Mas

Jorge Mas

Seller

$966.8M

vol

9 deals

Seller

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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