Gables Balada LLC Acquires Coral Gables Single Family Home From Alain Monie For $17.95M

The property involved in the transaction is a single-family residence located at 9320 Balada Street in Coral Gables. The home encompasses 6,963 square feet and sits on a 22,400-square-foot canal-front lot. The residence features seven bedrooms, 7.5 bathrooms, a pool, dock, elevator, summer kitchen, wine room, office, and fitness area. The sale price was $17,950,000, translating to a price per square foot of $2,578.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $17,950,000
• Address: 9320 Balada Street
• Market: Coral Gables
• Seller: Dominique Leydis Monie; Alain Monie - Ingram Micro
• Buyer: Gables Balada LLC
• Buyer's Representative: Dennis Carvajal - One Sotheby’s International Realty
• Buyer's Representative: Jane Bark Barrellier - Compass
• Sale Price Per Square Foot: $2,578
• Previous Sale Price: $8.1 million
• Previous Sale Year: 2018

Alain Monie, the chairman of Ingram Micro, and his wife Dominique Leydis Monie were the sellers in this transaction. The extensive features of the property contributed to its significant appreciation in value since its last sale in 2018.