A waterfront single-family property located at 165 Solano Prado in Coral Gables has been sold for $17,450,000. The asset covers an area of 0.71 acres and has a total living space of 5,870 square feet, translating to a price per square foot of $2,973. Originally built in 1973, the property is set for redevelopment as the new owners plan to construct a custom mansion on the site.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $17,450,000
• Buyer: Alicia Nussdorf; Stephen Nussdorf - Parlux Holdings; Carolina Garcia-Pirez; Alex Pirez - Mocca Group
• Seller: Sondra Seiderman Revocable Trust, with Roni Seiderman & Linda Nicole Mair
• Buyer's Representative: Alex Pirez - Mocca Realty
• Seller's Representative: Judith Zeder - Coldwell Banker
• Lender: City National Bank of Florida
• Mortgage Amount: $11,510,000

The transaction involved prominent figures including Stephen Nussdorf, serving as executive chairman of Parlux Holdings, and local homebuilder Alex Pirez from Mocca Group. Judith Zeder of Coldwell Banker represented the seller in this significant property transaction.