Updated Mar 13, 2026
Alex Pirez Of Mocca Group Purchases Waterfront Estate From Michael Dorrell For $35 Million
235 Solano Prado
$35,000,000
Building Size
—
Asset Type
Single Family
Closing
Mar 11, 2026
About this deal
AI
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:
- Property Type: Single Family
- Transaction Amount: $35,000,000
- Buyer: Alex Pirez - Mocca Group
- Seller: Michael Dorrell - Stonepeak
- Transaction Date: 03/11/2026
- Market: Coral Gables
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.
On the Map
$35,000,000
Single Family
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Players
Coral Gables Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93