Joshua Kaufman Acquires Pinecrest Estate For Village In Record Sale At $13.9M

The 5-acre Single Family property located at 11855 Southwest 60th Avenue in Pinecrest was sold for a record $13.9 million. The property spans 8,343 square feet with a price per square foot of $1,666. The sellers, Jorge Mas and Aleyda Mas, handed over the estate to the village of Pinecrest, intending for it to be transformed into a park and an indoor facility project. The Mas family contributed an additional $3.9 million towards naming rights in honor of Aleyda Mas.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $13,900,000
• Address: 11855 Southwest 60th Avenue
• Market: Pinecrest
• Acres: 5
• SF: 8,343
• PPSF: $1,666
• Seller: Jorge Mas & Aleyda Mas
• Buyer's Rep: Joshua Kaufman - Compass
• Seller's Rep: Diana Gutierrez & Jorge Mas Jr. - Mocca Realty

The deal was brokered by Joshua Kaufman from Compass, representing the buyers, and Diana Gutierrez along with Jorge Mas Jr. from Mocca Realty, representing the sellers. The involvement of billionaire Jorge Mas and his wife, Aleyda Mas, adds a personal touch to the transaction, especially with the generous donation towards naming rights for the future park and indoor facility.