Alex Pirez Of Mocca Realty Purchases Coral Gables Property From Gonzalo Jose Palenzuela For $24.25M

A waterfront property located at 665 Leucadendra Drive in Coral Gables, FL has been sold for $24.25 million. The asset, which is classified as a Single Family home, encompasses 0.99 acres and features 7,138 square feet of living space, translating to a price per square foot of $3,397.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $24,250,000
• Buyer: Alex Pirez
• Seller: Gonzalo Jose Palenzuela, Maria De Los Angeles Carreras & Delia Elvira Martinez
• Buyer's Representative: Alex Pirez - Mocca Realty
• Seller's Representative: Judy Zeder - Coldwell Banker
• Lender: Amzak Capital Partners

The sale involves luxury builder Alex Pirez, who plans to demolish the existing residence to develop a new mansion, indicating an ongoing trend in high-end property investments in Miami. The transaction was financed through a mortgage of $26.73 million from Amzak Capital Partners.