Historic Miami Home Sells for $9 Million
As the historic estate that has housed University of Miami presidents for more than a generation, this Coral Gables home sold for $9 million. The Zeder Team of Esslinger Wooten Maxwell Realtors had the listing, with an original listing price of $10.5 million, and found the buyer. Nathan Zeder handled the closing of the sale.
The historical Old Cutler Road tropical home showcases elegant designer appointments, including a guest room created specifically to host the Dalai Lama during his visits to South Florida, according to the Miami Herald.
The 7-bedroom, 6- and 3-half-bath waterfront residence also includes a 2-story foyer, a Florida room, a screened porch and a private dock that has room for an 80-foot yacht.
With 9,100 square feet, luxury touches abound with an office, gym, an eat-in kitchen and up and downstairs master bedrooms. Adding the finest tropical touch, outside features include gardens, a pool and a waterway views — all on 4.6 acres.
“There are not these type of large parcels of property that exist anymore,” says Judy Zeder of the Zeder Team.
New Yorker Maria Montalva purchased the home and listed her Upper East Side Fifth Avenue home, as reported by the Miami Herald.
“It is hard to get that many acres on the water at that price — it was a great deal,” says Kara Zeder of the Zeder team.
— Kimberly Turner