Philanthropist Bunny Bastian's Florida Waterfront Estate Sold For $36M In Coral Gables

A waterfront estate in Coral Gables, Florida has been sold for $36 million in a teardown transaction. The property, located at 140 Arvida Parkway, spans over 1.54 acres and offers stunning bay views. The buyer intends to build a new home on the prestigious Gables Estates community, taking advantage of the scenic surroundings.

Summary of transaction details

• Property Type: Single Family Residential (SFR)
• Transaction Amount: $36,000,000
• Address: 140 Arvida Parkway
• Market: Coral Gables
• Size: 11,478 square feet
• Price per Square Foot: $3,136
• Buyer's Representative: Judith Zeder - Coldwell Banker
• Seller's Representative: Liz Hogan - Compass

Judith Zeder from Coldwell Banker represented the buyer in this transaction, while Liz Hogan from Compass acted as the seller's representative. The deal was facilitated smoothly, allowing the buyer to acquire the property and proceed with their plans to construct a new home. The purchase of this valuable waterfront estate showcases Bunny Bastian's strategic decision to realize its potential by leveraging the surrounding bay views and the prestigious Gables Estates community.