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Alex Pirez Of Mocca Group Purchases Waterfront Estate From Michael Dorrell For $35 Million

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SOLD
$35,000,000
Alex Pirez
Michael Dorrell

Florida

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Single Family
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Property Image
SOLD

Alex Pirez Of Mocca Group Purchases Waterfront Estate From Michael Dorrell For $35 Million

235 Solano Prado

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Single Family
Sold
Alex Pirez
Michael Dorrell
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Transaction Type:Sale

A single-family waterfront estate at 235 Solano Prado in Coral Gables, FL was sold for $35 million. The asset encompasses 1.7 acres and was previously owned through Hautacam LLC, having last traded for $34 million in 2022. Redevelopment plans for the site had previously been filed.

Summary of transaction details:

In this off-market deal, Alex Pirez represented Mocca Group as the buyer, while Michael Dorrell represented Stonepeak as the seller, marking a notable transaction in the luxury real estate market.

Players

Michael Dorrell
Stonepeak
Michael Dorrell
1 deal$35M volume
BROKER
Alex Pirez
Mocca Group
Alex Pirez
23 deals$513.5M volume
BUYER
Michael Dorrell
Michael Dorrell
1 deal$35M volume
SELLER

Details

SOLD
IMAGE: Alex Pirez & Michael Dorrell DATE: 03/11/2026 ADDRESS: 235 Solano Prado MARKET: Coral Gables ASSET TYPE: Single Family BUYER: Alex Pirez (@AlexPirez) - Mocca Group (@MoccaGroup) SELLER: Michael Dorrell - Stonepeak SALE PRICE: $35,000,000 NOTE: Michael Dorrell sold a 1.7-acre waterfront estate at 235 Solano Prado in Coral Gables, FL for $35 million to Alex Pirez in an off-market deal. The property was owned through Hautacam LLC and last traded for $34 million in 2022, with redevelopment plans previously filed for the site.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27