Updated Mar 23, 2026
Lauren Sturges Sells Tahiti Beach Estate For $40 Million With Broker Dora Puig In Miami
12 Tahiti Beach Island Road
$40,000,000
$3,846/SF
Building Size
10,400 SF
Asset Type
Single Family
Closing
Mar 23, 2026
About this deal
AI
The waterfront estate located at 12 Tahiti Beach Island Road, listed for $40 million, is a single-family mansion encompassing 10,400 square feet. The property features six bedrooms and nine bathrooms, situated on nearly 1 acre in the Miami market. It was represented by Dora Puig of Luxe Living Realty and spent 144 days on the market before going under contract, showcasing the continued demand for luxury waterfront properties.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Address: 12 Tahiti Beach Island Road
- Market: Miami
- Square Footage: 10,400
- Price Per Square Foot: $3,846
- Seller: Lauren Sturges
- Broker: Dora Puig - Luxe Living Realty
Notably, the seller, Lauren Sturges, is the widow of businessman Charles M. Fernandez. This transaction marks the highest-priced deal in Miami-Dade for the week, reflecting the robust activity in the luxury real estate sector.
On the Map
$40,000,000
$3,846/SF
Single Family
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Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.8K per square foot on a published $40M for 10,400 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93