Philippe Harari Of AquaBlue Group Sells Coconut Grove Waterfront Home For $80 Million

The property asset involved in the transaction is a single-family home located at 3575 Battersea Road in Coconut Grove, FL. The home spans approximately 11,000 square feet and features eight bedrooms and eight bathrooms. The sale was completed for a reported price in the range of $80 million to $100 million, and the property is situated on a 0.9-acre waterfront lot.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $80,000,000
• Address: 3575 Battersea Road
• Market: Coconut Grove, FL
• Square Footage: 11,000
• Price Per Square Foot: $7,273
• Seller: Philippe Harari - AquaBlue Group
• Lender: J.P. Morgan Chase

The deal was executed by developer Philippe Harari, who sold the property to a Delaware LLC. The transaction included a mortgage secured in July for $40.1 million through J.P. Morgan Chase.