Daniel And Tania Wallace Acquire Coconut Grove Single Family Home From Jessica And Jason Adams For $10.73M

The property involved in this transaction is a single-family home located at 3700 Hibiscus Street in Coconut Grove. The sale price is $10,725,000, and the residence spans 5,458 square feet with a price per square foot of $1,965. This residence is situated on a gated estate covering 21,000 square feet and has been designed by Richard Kiehnel in a Spanish Colonial style.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $10,725,000
• Address: 3700 Hibiscus Street
• Market: Coconut Grove
• Square Footage: 5,458
• Price per Square Foot: $1,965
• Buyer: Daniel and Tania Wallace
• Seller: Jessica & Jason Adams
• Seller's Representative: Jessica Adams & Jason Adams - Douglas Elliman

This transaction involved the buyers, Daniel and Tania Wallace, acquiring the property from sellers Jessica and Jason Adams, who represented themselves in the deal. The property features numerous amenities including multiple ensuites, a wine room, and a private guest house with separate living accommodations. Recent upgrades and outdoor amenities further enhance the estate's appeal and functionality.