Trust Purchases Single Family Home From 291 Costanera LLC For $17.4 Million In Coral Gables

A trust purchased a 6,194-square-foot mansion located at 291 Costanera Road in the Coral Gables market for $17.4 million. The property is categorized as a single-family asset and was previously owned by 291 Costanera LLC, part of Beacon Hill Group.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $17,400,000
• Square Footage: 6,194
• Price Per Square Foot: $2,809
• Market: Coral Gables
• Seller: Beacon Hill Group
• Broker: Matthew Martinez - Beacon Hill Property Group

The deal was brokered by Matthew Martinez, who highlighted that the home is the only new spec home completed on the water in Coral Gables this year.